Types of Engagements - SSAE - CPA Auditing and Attestation (AUD)
Card 1 of 24
An agreed-upon procedure report is:
An agreed-upon procedure report is:
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An agreed-upon procedure engagement performs specific procedures on a subject matter. These procedures are specified in a contract, by law, or under agreement with management with the auditor reporting on the findings.
An agreed-upon procedure engagement performs specific procedures on a subject matter. These procedures are specified in a contract, by law, or under agreement with management with the auditor reporting on the findings.
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As a pre-condition to an agreed-upon procedure engagement.
As a pre-condition to an agreed-upon procedure engagement.
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As described in section AT 201, a practitioner may accept an agreed-upon procedure engagement “that the practitioner is independent”.
As described in section AT 201, a practitioner may accept an agreed-upon procedure engagement “that the practitioner is independent”.
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According to SSAE 18: The auditor should “establish an understanding with the engaging party regarding the nature of the engagement, including the following":
According to SSAE 18: The auditor should “establish an understanding with the engaging party regarding the nature of the engagement, including the following":
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According to SSAE 18, the practitioner should establish an understanding as to whether there are any restrictions to use. Additionally, the practitioner should establish the purpose of the report and whether the report is pursuant to a law, regulation, or contract.
According to SSAE 18, the practitioner should establish an understanding as to whether there are any restrictions to use. Additionally, the practitioner should establish the purpose of the report and whether the report is pursuant to a law, regulation, or contract.
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Of the following standards, which should a CPA firm apply in a review of pro forma financial information?
Of the following standards, which should a CPA firm apply in a review of pro forma financial information?
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A CPA should refer to SSAE for a review of pro forma financial information.
A CPA should refer to SSAE for a review of pro forma financial information.
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Of the following, which would not be considered an attest engagement subject to attestation standards?
Of the following, which would not be considered an attest engagement subject to attestation standards?
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Attest engagements covered under SSAE exclude services performed in accordance with SSARS. Since the review of a nonpublic company's financial statements is conducted under SSARS, it is not subject to attestation standards.
Attest engagements covered under SSAE exclude services performed in accordance with SSARS. Since the review of a nonpublic company's financial statements is conducted under SSARS, it is not subject to attestation standards.
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Attestation risk is comprised of all of the following risks except for:
Attestation risk is comprised of all of the following risks except for:
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Inherent, control, and detection risks are all components of attestation risk whereas financial risk is not a risk-focused on.
Inherent, control, and detection risks are all components of attestation risk whereas financial risk is not a risk-focused on.
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An agreed-upon procedure report is:
An agreed-upon procedure report is:
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An agreed-upon procedure engagement performs specific procedures on a subject matter. These procedures are specified in a contract, by law, or under agreement with management with the auditor reporting on the findings.
An agreed-upon procedure engagement performs specific procedures on a subject matter. These procedures are specified in a contract, by law, or under agreement with management with the auditor reporting on the findings.
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As a pre-condition to an agreed-upon procedure engagement.
As a pre-condition to an agreed-upon procedure engagement.
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As described in section AT 201, a practitioner may accept an agreed-upon procedure engagement “that the practitioner is independent”.
As described in section AT 201, a practitioner may accept an agreed-upon procedure engagement “that the practitioner is independent”.
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According to SSAE 18: The auditor should “establish an understanding with the engaging party regarding the nature of the engagement, including the following":
According to SSAE 18: The auditor should “establish an understanding with the engaging party regarding the nature of the engagement, including the following":
Tap to reveal answer
According to SSAE 18, the practitioner should establish an understanding as to whether there are any restrictions to use. Additionally, the practitioner should establish the purpose of the report and whether the report is pursuant to a law, regulation, or contract.
According to SSAE 18, the practitioner should establish an understanding as to whether there are any restrictions to use. Additionally, the practitioner should establish the purpose of the report and whether the report is pursuant to a law, regulation, or contract.
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Of the following standards, which should a CPA firm apply in a review of pro forma financial information?
Of the following standards, which should a CPA firm apply in a review of pro forma financial information?
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A CPA should refer to SSAE for a review of pro forma financial information.
A CPA should refer to SSAE for a review of pro forma financial information.
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Of the following, which would not be considered an attest engagement subject to attestation standards?
Of the following, which would not be considered an attest engagement subject to attestation standards?
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Attest engagements covered under SSAE exclude services performed in accordance with SSARS. Since the review of a nonpublic company's financial statements is conducted under SSARS, it is not subject to attestation standards.
Attest engagements covered under SSAE exclude services performed in accordance with SSARS. Since the review of a nonpublic company's financial statements is conducted under SSARS, it is not subject to attestation standards.
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Attestation risk is comprised of all of the following risks except for:
Attestation risk is comprised of all of the following risks except for:
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Inherent, control, and detection risks are all components of attestation risk whereas financial risk is not a risk-focused on.
Inherent, control, and detection risks are all components of attestation risk whereas financial risk is not a risk-focused on.
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An agreed-upon procedure report is:
An agreed-upon procedure report is:
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An agreed-upon procedure engagement performs specific procedures on a subject matter. These procedures are specified in a contract, by law, or under agreement with management with the auditor reporting on the findings.
An agreed-upon procedure engagement performs specific procedures on a subject matter. These procedures are specified in a contract, by law, or under agreement with management with the auditor reporting on the findings.
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As a pre-condition to an agreed-upon procedure engagement.
As a pre-condition to an agreed-upon procedure engagement.
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As described in section AT 201, a practitioner may accept an agreed-upon procedure engagement “that the practitioner is independent”.
As described in section AT 201, a practitioner may accept an agreed-upon procedure engagement “that the practitioner is independent”.
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According to SSAE 18: The auditor should “establish an understanding with the engaging party regarding the nature of the engagement, including the following":
According to SSAE 18: The auditor should “establish an understanding with the engaging party regarding the nature of the engagement, including the following":
Tap to reveal answer
According to SSAE 18, the practitioner should establish an understanding as to whether there are any restrictions to use. Additionally, the practitioner should establish the purpose of the report and whether the report is pursuant to a law, regulation, or contract.
According to SSAE 18, the practitioner should establish an understanding as to whether there are any restrictions to use. Additionally, the practitioner should establish the purpose of the report and whether the report is pursuant to a law, regulation, or contract.
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Of the following standards, which should a CPA firm apply in a review of pro forma financial information?
Of the following standards, which should a CPA firm apply in a review of pro forma financial information?
Tap to reveal answer
A CPA should refer to SSAE for a review of pro forma financial information.
A CPA should refer to SSAE for a review of pro forma financial information.
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Of the following, which would not be considered an attest engagement subject to attestation standards?
Of the following, which would not be considered an attest engagement subject to attestation standards?
Tap to reveal answer
Attest engagements covered under SSAE exclude services performed in accordance with SSARS. Since the review of a nonpublic company's financial statements is conducted under SSARS, it is not subject to attestation standards.
Attest engagements covered under SSAE exclude services performed in accordance with SSARS. Since the review of a nonpublic company's financial statements is conducted under SSARS, it is not subject to attestation standards.
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Attestation risk is comprised of all of the following risks except for:
Attestation risk is comprised of all of the following risks except for:
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Inherent, control, and detection risks are all components of attestation risk whereas financial risk is not a risk-focused on.
Inherent, control, and detection risks are all components of attestation risk whereas financial risk is not a risk-focused on.
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An agreed-upon procedure report is:
An agreed-upon procedure report is:
Tap to reveal answer
An agreed-upon procedure engagement performs specific procedures on a subject matter. These procedures are specified in a contract, by law, or under agreement with management with the auditor reporting on the findings.
An agreed-upon procedure engagement performs specific procedures on a subject matter. These procedures are specified in a contract, by law, or under agreement with management with the auditor reporting on the findings.
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As a pre-condition to an agreed-upon procedure engagement.
As a pre-condition to an agreed-upon procedure engagement.
Tap to reveal answer
As described in section AT 201, a practitioner may accept an agreed-upon procedure engagement “that the practitioner is independent”.
As described in section AT 201, a practitioner may accept an agreed-upon procedure engagement “that the practitioner is independent”.
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