Other Professional Services

Question 1

A CPA is required to comply with the provisions of Statements on Standards for Attestation Engagements (SSAE) when engaged to

A. Report on financial statements that the CPA generated through the use of computer software.
B. Review management’s discussion and analysis (MD&A) prepared pursuant to rules and regulations adopted by the SEC.
C. Provide the client with a financial statement format that does not include dollar amounts.
D. Audit financial statements that the client prepared for use in another country.

Answer 1

B. Review management’s discussion and analysis (MD&A) prepared pursuant to rules and regulations adopted by the SEC.

The attestation standards must be followed when reviewing MD&A prepared pursuant to SEC requirements. The standards apply to both an examination and a review of MD&A.
They do not apply to engagements involving the provision of recommendations to improve MD&A.