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

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

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All CPA Auditing and Attestation (AUD) Resources

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Example Questions

Example Question #11 : Accounting & Review Service Engagements & Interim Reviews

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

Possible Answers:

Internal auditor

Independent auditor

Staff accountants

Management

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 #6 : Letters For Underwriters

Positive assurance is provided with respect to:

Possible Answers:

Comfort letter

A CPA's independence

None of the answer choices are correct

The financial statements

Correct answer:

A CPA's independence

Explanation:

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

All CPA Auditing and Attestation (AUD) Resources

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