EP AUDITING+ASSURANCE...-MYACCT.LAB
EP AUDITING+ASSURANCE...-MYACCT.LAB
16th Edition
ISBN: 9780134148656
Author: ARENS
Publisher: PEARSON CO
Question
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Chapter 1, Problem 15DQP

a.

To determine

Describe the relationship among audit services, attestation services, and other assurance and non-assurance services provided by CPAs.

b.

To determine

Specify the type of service for each of the service given.

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Which of the following information would be included in the introductory paragraph of the auditors’ report on internal control over financial reporting if the report is presented separately from the auditors’ report on the entity’s financial statements?a. The fact that the auditors conducted an audit of the entity’s financial statements.b. The definition of a material weakness in internal control over financial reporting.c. Statements identifying the responsibility of the auditors and management for internal control over financial reporting.d. A reference to the auditors’ report and opinion on the entity’s financial statements.
Which of the following topics is not addressed in the auditors’ report for a public entity?a. Responsibilities of the auditor and management in the financial reporting process.b. Absolute assurance regarding the fairness of the entity’s financial statements in accordance with GAAP.c. A description of an audit engagement.d. A summary of the auditors’ opinion on the effectiveness of the entity’s internal controlover financial reporting.
Which of the following is NOT a major component of the Sarbanes-Oxley Act?     Executive responsibility for accurate financial reporting.   Accounting regulation.    Mandating external financial audits for all companies.    Formation of an audit committee.
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