Author Question: Which of the following are required to have a written report regarding the assertion of another party? (Read 155 times)

emoedee · **on:** Aug 21, 2022

Question 1

One objective of an operational audit is to
◦ determine whether the financial statements fairly present the entity's operations.
◦ determine if the auditee is in compliance with GAAP.
◦ make recommendations for improving performance.
◦ report on the entity's relative success in attaining profit maximization.

Question 2

Which of the following are required to have a written report regarding the assertion of another party?
◦

Financial Statement Audit	Operational Audit	Compliance Audit	Attestation Engagement	Assurance Engagement
Y	Y	Y	Y	Y

◦

Financial Statement Audit	Operational Audit	Compliance Audit	Attestation Engagement	Assurance Engagement
Y	Y	Y	Y	N

◦

Financial Statement Audit	Operational Audit	Compliance Audit	Attestation Engagement	Assurance Engagement
Y	Y	Y	N	N

◦

Financial Statement Audit	Operational Audit	Compliance Audit	Attestation Engagement	Assurance Engagement
N	N	N	Y	Y

risolinick@gmail.com · **Reply #1 on:** Aug 21, 2022

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