Audited Financial Statements Basics Flashcards

1
Q

An auditor drafting an entities F/S based on info from Management Financial Systems is an example of

A

Compilation Engagement

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2
Q

The AICPA

A

provides statements on Auditing Standards.

Relates to proper audit

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3
Q

What must be obtained to provide a reasonable asurance basis for an opinion

A

sufficient appropriate audit evidence

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