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Author Question: In a review service where the client has failed to follow applicable accounting standards, the accountant is (Read 46 times)

knemetz3

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on: Aug 21, 2022

Question 1

In a preparation service engagement,
◦ the CPA's responsibilities are similar to those performed during a review.
◦ the CPA does not provide any assurance of the financial statements.
◦ the CPA must issue a preparation service engagement report.
◦ the CPA must be independent.

Question 2

In a review service where the client has failed to follow applicable accounting standards, the accountant is
◦ not required to determine the effect of a departure if management has not done so, but that fact must be disclosed in the report.
◦ required to determine the effect of a departure if management has not done so, and that fact must be disclosed in the report.
◦ not required to determine the effect of a departure if management has not done so, and that fact need not be disclosed in the report.
◦ required to determine the effect of a departure if management has not done so, and that fact need not be disclosed in the report.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by knemetz3 on Aug 21, 2022

rika06@comcast.net

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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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knemetz3

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

lindahyatt42

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

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