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Author Question: A CPA who has been engaged to audit financial statements that were prepared on a cash basis (Read 104 times)

heatherbabydoll1

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on: Aug 21, 2022

Question 1

State three types of assurance services that fall within the auditing standards but are not audits, reviews, or compilations of financial statements in accordance with GAAP.

Question 2

A CPA who has been engaged to audit financial statements that were prepared on a cash basis
◦ must ascertain that there is proper disclosure of the fact that the cash basis has been used.
◦ may not be associated with such statements which are not in accordance with generally accepted accounting principles.
◦ must render a qualified report explaining the departure from generally accepted accounting principles in the opinion paragraph.
◦ must restate the financial statements on an accrual basis and then render the standard (short-form) report.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by heatherbabydoll1 on Aug 21, 2022

hariet5

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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heatherbabydoll1

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

ashely1112

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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