a5 Flashcards
1
Q
What is an integrated audit?
A
it is a concurrent audit of both the financial statements and internal control over financial reporting
2
Q
What is an attest engagement?
A
one in which a CPA is engaged to issue an examination, review, or an agreed upon procedures report on subject matter
3
Q
What is an agreed upon procedure?
A
it is an attestation engagement in which a practitioner performs specific procedures on underlying subject matter or subject matter information and reports the finding without providing an opinion or conclusion
