Audit Review 1

Question 1

SSARS

Answer 1

statement on standards for accounting and review services apply to review of FS of non-issuers

Question 2

SSAE

Answer 2

CPA is rerquired to comply with the provisions of statement on standard for attestation engagement when engaged to review management discussion and analysis (MD&A) prepared pursuant to rules and regulations adopted by SEC

Question 3

WEB TRUST ENGAGEMENT

Answer 3

is an attestation engagement designed to measure transaction integrity information protection and disclosure of business practices when an unqualified report is issued the client may add the CPA web trust seal to its web site, indicating that its site is a reasonably safe and private place to e-commerce.

Question 4

PCAOB Standard

Answer 4

To obtain sufficient appropriate audit evidence regarding the opening balances

Question 5

FIRM QUALITY CONTROL POLICIES AND PROCEDURE

Answer 5

• Firms ability to set reporting deadlines
• Firms ability to staff engagement
• Independence
• Integrity of client management

Question 6

Asses the Auditability of the Client

Answer 6

Lack of Record = scope limitation