CPA Auditing and Attestation (AUD) : Accounting & Review Service Engagements & Interim Reviews

Study concepts, example questions & explanations for CPA Auditing and Attestation (AUD)

varsity tutors app store varsity tutors android store

All CPA Auditing and Attestation (AUD) Resources

61 Practice Tests Question of the Day Flashcards Learn by Concept

Example Questions

2 Next →

Example Question #5 : Letters For Underwriters

Comfort letters are usually addressed to the client's underwriter of securities and signed by the client's:

Possible Answers:

Management

Staff accountants

Internal auditor

Independent auditor

Correct answer:

Staff accountants

Explanation:

A comfort letter is a letter from the independent auditor to the named underwriter just before the registration of the client's securities.

Example Question #1 : Letters For Underwriters

Positive assurance is provided with respect to:

Possible Answers:

Comfort letter

The financial statements

A CPA's independence

None of the answer choices are correct

Correct answer:

A CPA's independence

Explanation:

Positive assurance is provided with respect to a CPA's independence.

2 Next →

All CPA Auditing and Attestation (AUD) Resources

61 Practice Tests Question of the Day Flashcards Learn by Concept
Learning Tools by Varsity Tutors