CPA Audit review module 6 -1

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Joens1313
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293267
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CPA Audit review module 6 -1
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2015-01-18 17:28:05
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CPA Audit review module
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CPA Audit review module 6 -1
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  1. What does SSARS stand for?
    Statements on Standards for Accounting and Review Services
  2. SSARS apply to _________________________ or other unaudited financial information of a non public entity.
    SSARS apply to unaudited financial statements or other unaudited financial information of a non public entity.
  3. SSARS apply to unaudited financial statements or other ________________________ of a __________________.
    SSARS apply to unaudited financial statements or other unaudited financial information of a non public entity.
  4. A ____________________ is a service in which the accountant assists in the preparation of financial statements.
    A compilation is a service in which the accountant assists in the preparation of financial statements.
  5. A compilation is a service in which the accountant assists in the __________________________________.
    A compilation is a service in which the accountant assists in the preparation of financial statements.
  6. A ________________ report provides no assurance.
    A compilation report provides no assurance
  7. A compilation report provides _______ assurance
    A compilation report provides no assurance
  8. In a review service report, the accountant does the following
    1. perform analytical procedures
    2. make inquires of management and others
    3. obtain representations from management relating to the financial statements
    • In a review service report, the accountant does the following
    • 1.
    • 2. make inquires of management and others
    • 3. obtain representations from management relating to the financial statements
  9. In a review service report, the accountant does the following
    1. perform analytical procedures
    2.
    3. obtain representations from management relating to the financial statements
    • In a review service report, the accountant does the following
    • 1. perform analytical procedures
    • 2. make inquires of management and others
    • 3. obtain representations from management relating to the financial statements
  10. In a review service report, the accountant does the following
    1. perform analytical procedures
    2. make inquires of management and others
    3.
    • In a review service report, the accountant does the following
    • 1. perform analytical procedures
    • 2. make inquires of management and others
    • 3. obtain representations from management relating to the financial statements
  11. In a review service report, the accountant does the following
    1.
    2.
    3.
    • In a review service report, the accountant does the following
    • 1. perform analytical procedures
    • 2. make inquires of management and others
    • 3. obtain representations from management relating to the financial statements
  12. __________________ include limited assurance (negative assurance)
    Review reports include limited assurance (negative assurance)
  13. Review reports include ____________________________assurance
    Review reports include limited assurance (negative assurance)
  14. a ________________ involves assisting management in presenting financial information in the form of financial statements
    a compilation involves assisting management in presenting financial information in the form of financial statements
  15. a compilation involves assisting management in ____________________________ in the form of financial statements
    a compilation involves assisting management in presenting financial information in the form of financial statements
  16. a compilation involves assisting management in presenting financial information in the form of ____________________
    a compilation involves assisting management in presenting financial information in the form of financial statements
  17. while preforming a compilation, if the accountant becomes aware of information that is incorrect, incomplete, or other wise unsatisfactory, the accountant should obtain addition or revised information.  If the entity refuses to provide such information, the accountant should ___________________________________.
    while preforming a compilation, if the accountant becomes aware of information that is incorrect, incomplete, or other wise unsatisfactory, the accountant should obtain addition or revised information.  If the entity refuses to provide such information, the accountant should withdraw from the compilation.
  18. while preforming a compilation, if the accountant becomes aware of information that is incorrect, incomplete, or other wise unsatisfactory, the accountant should obtain addition or revised information.  If the entity refuses to provide such information, the accountant should ______________________.
    while preforming a compilation, if the accountant becomes aware of information that is incorrect, incomplete, or other wise unsatisfactory, the accountant should obtain addition or revised information.  If the entity refuses to provide such information, the accountant should withdraw from the compilation.
  19. Is independence required for a compilation?
    no
  20. Each page of the unaudited financial statements should be marked "___________________________"
    Each page of the unaudited financial statements should be marked "See Accountants Compilation Report"
  21. Each page of the _______________________ should be marked "See Accountants Compilation Report"
    Each page of the unaudited financial statements should be marked "See Accountants Compilation Report"
  22. Should the accountant provide a discloser if not independent when doing a complication?
    yes,  they should state that they are not independent.
  23. What is another name for limited assurance
    negative assurance
  24. A review engagement is a assurance engagement as well as a attest engagement.
    A review engagement is a ___________________________ as well as a attest engagement.
  25. A review engagement is a assurance engagement as well as a _________________________.
    A review engagement is a assurance engagement as well as a attest engagement.
  26. a compilation report may be issued on ________________________ without compiling a complete set of statements.
    a compilation report may be issued on one or more individual financial statements without compiling a complete set of statements.
  27. a ____________________ may be issued on one or more individual financial statements without compiling a complete set of statements.
    a compilation report may be issued on one or more individual financial statements without compiling a complete set of statements.

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