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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

What is required for a GAS audit?

GAAS +
Report on I/C - scope and results
Report on compliance with laws and regulations