Which of the following procedures most likely would be performed in a review engagement of a nonissuer's financial statements in accordance with Statements on Standards for Accounting and Review Services?
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .下列关于应付账款的说法中，正确的有：
A 应付账款按照实际发生的交易金额入账 B 在折扣期内付款时，把获得的现金折扣计入财务费用科目 C 对于预收账款较少的企业，可以将预收账款的款项计入应付账款的借方 D 对于确实无法支付的应付账款，直接转入营业外收入 ...
2 .While auditing the financial statements of a nonissuer, a CPA was requested to change the engagement to a review in accordance with Statements on Standards for Accounting and Review Services (SSARS) because of a scope limitation. If the CPA believes the client's request is reasonable, the CPA's review report should:I. Refer to the scope limitation that caused the change.II.Describe the auditing procedures that have already been applie
A I only. B Neither I nor II. C II only. D Both I and II.
3 .Moore, CPA, has been asked to issue a review report on the balance sheet of Dover Co., a nonissuer. Moore will not be reporting on Dover's statements of income, retained earnings, and cash flows. Moore may issue the review report provided the:
A Specialized accounting principles and practices of Dover's industry are disclosed B Scope of the inquiry and analytical procedures has not been restricted. C Balance sheet is presented in a prescribed form of an industry trade association. D Balance sheet is not to be used to obtain credit or dist...
4 .Accepting an engagement to compile a financial projection most likely would be inappropriate if the projection is to be distributed to:
A The entity's principal stockholder, to the exclusion of the other stockholders. B A financial institution in a loan application. C Potential stockholders in an offering statement. D A state or federal regulatory agency.
5 .An attest engagement is one in which a CPA is engaged to:
A Provide tax advice or prepare a tax return based on financial information the CPA has not audited or reviewed. B Assemble the financial statements of a nonissuer based on the assumptions of the entity's management without expressing any assurance. C Testify as an expert witness in accounting, audi...
7 .In performing an attest engagement, a CPA typically:
A Provides management consulting advice. B Supplies litigation support services. C Assesses control risk at a low level. D Issues a report on subject matter (or on an assertion about subject matter) that is the responsibility of another party.
8 .Which of the following matters is an auditor required to communicate to those charged with governance?
A The auditor's preliminary judgments about materiality levels. B The process used by management in formulating sensitive accounting estimates. C The justification for performing substantive procedures at interim dates. D The basis for his or her assessment of control risk.
9 .Which of the following statements is correct concerning an auditor's required communication with those charged with governance?
A This communication should include disagreements with management about significant audit adjustments, whether or not satisfactorily resolved. B If matters are communicated in writing, the report is appropriate for general use. C If matters are communicated in writing, the report is required to be d...
10 .Which of the following statements concerning material weaknesses and significant deficiencies is correct with respect to an audit of a nonissuer?
A All material weaknesses are significant deficiencies. B An auditor need not identify and communicate material weaknesses separately from significant deficiencies. C An auditor should report immediately material weaknesses and significant deficiencies discovered during an audit. D All significant d...
