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Example Questions
Example Question #1 : Types Of Engagements Ssae
Of the following, which would not be considered an attest engagement subject to attestation standards?
An engagement to review pro forma financial statements
An engagement to review the financial statements of a nonpublic company
An engagement to examine management's assertion about a subject matter
An engagement to examine a financial forecast
An engagement to review the financial statements of a nonpublic company
Attest engagements covered under SSAE exclude services performed in accordance with SSARS. Since the review of a nonpublic company's financial statements is conducted under SSARS, it is not subject to attestation standards.
Example Question #132 : Cpa Auditing And Attestation (Aud)
Attestation risk is comprised of all of the following risks except for:
Detection risk
Control risk
Financial risk
Inherent risk
Financial risk
Inherent, control, and detection risks are all components of attestation risk whereas financial risk is not a risk-focused on.
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All CPA Auditing and Attestation (AUD) Resources
