SSARs-Engagments-Attest-Assurance-Reports Flashcards
1
Q
What kind of an engagement is F/S preparation?
A
None attest; no assurance
2
Q
What kind of an engagement is a Compilation?
A
Attest engagement; no assurance
3
Q
What kind of an engagement is a Review?
A
Attest engagement; limited assurance
4
Q
What are the elements of a report for a Compilation?
A
CARD Compiled Statements AICPA Standards - included SSARs Responsibility of Management Disclaim opinion or assurance
5
Q
What are the elements of a report for a Review?
A
Introduction
Management’s Responsibilities
Accountant’s Responsibilities
Conclusion
6
Q
Is a report required for F/S preparation?
A
No
