Flashcards in Other Services and Reports Deck (9)
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1
What is required when there is voluntary supplementary info?
Read for consistency
Report on exceptions only
2
What is required when there is required supplementary info?
Limited review procedures
Report exceptions only
3
What is required when there is supplementary info submitted by auditor?
Audit unless disclaiming info
Report in all cases
4
What is included in an Agreed Upon Procedures report?
Findings
Disclaimer
Limited use
5
What is a forecast?
What management expects to occur based on expected conditions and expected courses of action
6
What is a projection?
What management believes will occur given hypothetical assumptions based on "what if" scenarios
7
What is included in reports on prospective F/S?
Results may not be achieved
No responsibility to update
Projections - limitation on usefulness
8
What are other attestation engagements?
Agreed upon procedures
Financial forecasts and projections
Pro forma financial info
Examination of I/C
Compliance attestation
Management Discussion and Analysis
Reporting on controls
Providing assurance on investment performance statistics
9