For each of the situations (a) through (f), select the CPA engagement that is most likely to
Question:
1. Compliance.
2. Continuous auditing.
3. Forecast.
4. Internal control over financial reporting.
5. MD&A.
6. PrimePlus/ElderCare.
7. Service organization audit.
8. SysTrust.
9. WebTrust.
Each reply may be used a maximum of one time, with two replies not being used atall.
Transcribed Image Text:
CPA Engagement Situation a. Williams is worried about the welfare of his father who lives in a distant state. b. ABC Company is involved in a very vibrant industry. It would like all of its press releases to include audited results, regardless of when they are issued. C DEF Mortgage Banking Co. services mortgages for others, and the auditors of those other organizations are constantly inquiring of DEF concerning its inter- nal control as a part of their audits of the other organizations. d. GHI Company would like to assure its Web site users of the reliability of its Web site and its operations. e. JKL would like all of its customers and potential customers to have assur- ance about the effectiveness of its internal controls related to processing information. f. MNO Company believes that it has effective internal control to assure itself that it complies with various legal requirements, but would like assurance from its CPA on compliance with the legal requirements.
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Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
Question Posted:
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