Which of the following statements are true: I. All services under SSAE utilize audit procedures and provide assurance. II. All services under SSARS utilize accounting procedures and provide assurance. Group of answer choices: I only I and II II only Neither I nor II

Which of the following statements are true: I. All services under SSAE utilize audit procedures and provide assurance. II. All services under SSARS utilize accounting procedures and provide assurance. Group of answer choices: I only I and II II only Neither I nor II

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter17: Other Services Provided By Audit Firms

Section: Chapter Questions

Problem 16MCQ

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Question

Which of the following statements are true:

I. All services under SSAE utilize audit procedures and provide assurance.

II. All services under SSARS utilize accounting procedures and provide assurance.

Group of answer choices:

I only

I and II

II only

Neither I nor II

Definition Definition Methods and techniques used by the auditor to gather the appropriate evidence so that a true and fair judgment can be made on the quality of the financial statements of the client. Audit procedures are developed after determining audit objectives, scope, approach, and risk assessment.

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