$2029.$ Multiple Choice Questions

a$.$ A report on an attestation engagement should:

State the nature of the client$$s control system.

State the practitioner$$s conclusion about the subject matter or assertion.

Include a Reasonable Limitations section pertaining to data inputs.

Refer to the auditor$$s assertion concerning the subject matter.

b$.$ When an accountant examines a financial forecast that fails to disclose several significant assumptions used to prepare the forecast, the accountant should describe the assumptions in the accountant$$s report and issue a$($n$)$:

Qualified opinion.

Unqualified opinion with a separate explanatory paragraph.

Disclaimer of opinion.

Adverse opinion.

c$.$ Which of the following AICPA sets of standards $($criteria$)$ are least likely to be used in an examination engagement of a client$$s supply chain?

Description criteria for supply chain engagements.

Attestation standards.

Generally accepted auditing standards.

Trust services criteria.

d$.$ A CPA$$s examination report relating to a trust services engagement is most likely to include:

An opinion on whether the system is electronically secure$.$

An opinion on management$$s assertion that the system meets one or more of the trust services criteria.

Negative assurance on whether the system is secure$.$

No opinion or other assurance, but a summary of findings relating to the system.

e$.$ When performing an examination, if a CPA finds one or more significant assumptions are not reasonable for a forecast, the most appropriate report is:

Adverse.

Disclaimer.

Qualified.

Unqualified with emphasis$-$of$-$matter paragraph.

f$.$ Which of the following is least likely to be included in a direct examination engagement?

Criteria.

Report by the CPA.

Object language.

XBRL$.$

g$.$ Elder care services performed by CPAs may be:

$(1)$ Yes Yes

$(2)$ Yes No

$(3)$ No Yes

$(4)$ No No

h$.$ When reporting on a company$$s compliance with a law, the CPAs may report on:

Table Summary: A table has $2$ columns. Columns $1$ and $2$ are titled Compliance with the law itself and Effectiveness of Internal Control over Compliance read either Yes or No$.$

$(1)$ Yes Yes

$(2)$ Yes No

$(3)$ No Yes

$(4)$ No No

i$.$Benchmarks that are objective and permit reasonably consistent measurement in an engagement performed under Statements on Standards for Attestation Services are referred to as:

Written assertions.

Suitable criteria.

Subject matter.

Generally accepted auditing standards.

j$.$ Which of the following is least likely to be the subject matter of an attestation engagement?

Behavior.

Historical events.

Suitable criteria.

Systems or processes.

k$.$ A restricted$-$use report on controls at a service organization related to security, availability, processing integrity, confidentiality, and$/$or privacy is referred to as a:

SOC $1$ report.

SOC $2$ report.

SOC $3$ report.

SOC $4$ report.

l$.$ The assurance services that address user and preparer needs regarding issues of security, availability, processing integrity, confidentiality, and privacy within electronic systems are referred to as:

PrimePlus services.

XBRL services.

Risk advisory services.

Trust services