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Author Question: When performing a review service, auditors must make inquiries of management. Which of the following ... (Read 75 times)

Facerro

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Question 1

Two of the types of services provided in connection with the Statements on Standards for Accounting and Review Services are
◦ audit and examination services.
◦ compilation and review services.
◦ examination and review services.
◦ management advisory services and compilations.

Question 2

When performing a review service, auditors must make inquiries of management. Which of the following inquiries are typically made of management?
◦ Is each account on the financial statements prepared in conformity with accounting standards and consistently applied?
◦ What unusual or significant transactions occurred this year?
◦ Do you have knowledge of an actual or suspected fraud?
◦ All of these are inquiries typically made of management.


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Marked as best answer by Facerro on Aug 21, 2022

studyforce.com

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Facerro

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)


deja

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Reply 3 on: Yesterday
Excellent

 

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