B. Understand the internal controls used in the processes that generated the information
A.20 If a nonissuer wants an accountant to perform an examination of its internal controls, the accountant should follow:
B. AICPA AT 501, “An examination of an entity’s internal control over financial reporting that is integrated with an audit of its financial statements.”
A.21 A review service engagement involving unaudited financial statements involves B. less work than an audit but more work than a compilation
A.22 When accountants are not independent, which of the following reports can they nevertheless issue? A. compilation report
A.23 For a compliance engagement, three conditions must be met. Which of the following is not one of the three conditions? D. Management provides a report attesting to satisfactory compliance A.19 To perform an attestation engagement on prospective information or pro forma information, accountants must do all of the following except:
B. Understand the internal controls used in the processes that generated the information
A.20 If a nonissuer wants an accountant to perform an examination of its internal controls, the accountant should follow:
B. AICPA AT 501, “An examination of an entity’s internal control over financial reporting that is integrated with an audit of its financial statements.”
A.21 A review service engagement involving unaudited financial statements involves B. less work than an audit but more work than a compilation
A.22 When accountants are not independent, which of the following reports can they nevertheless issue? A. compilation report
A.23 For a compliance engagement, three conditions must be met. Which of the following is not one of the three conditions? D. Management provides a report attesting to satisfactory compliance