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Mohammed is a CPA who is engaged to perform a variety of services to both audit and non-audit clients. Most of his work involves financial statements audits for publicly traded companies, other large companies, many small companies and even non-commercial organizations. However, some clients seek a variety of other non-audit services. These services differ widely in terms of the nature and purpose of providing the service. Differences also exist as to the amount of evidence used, costs incurred and accordingly the level of assurance provided on the reliability of information. Mohammed believes that auditing careers provide an excellent experience in risk assessment and management techniques, He has an opportunity for professional development and he also believes that his employment is interesting and meaningful. Working as a CPA, Mohammed has a wide range of opportunities allowing for personal growth. Although Mohammed, as a CPA, can perform any type of audit, some audit engagements are restricted to certain types of auditors other than the CPA. Following are a variety of services and audit engagements performed by different types of auditors. Based on your auditing background. you are required to help the auditor in analyzing each of the following separate individual cases related to different types of engagements by answering the following questions. tions Which of the following services can be classified as an assurance service? OA The auditor verifies management's assertion about its disclosure of electronic commercial practices and evaluates the security of electronic data posted on the company's website OB The auditor assesses the conmpany's products for compliance with quality control standards required by the ISO 9000 certification. OC Any service that cequires a CPA fim to issua a report about the reliability of an assertion that is made by another party OD All of the above Mohammed is a CPA who is engaged to perform a variety of services to both audit and non-audit clients. Most of his work involves financial statements audits for publicly traded companies, other large companies, many small companies and even non-commercial organizations. However, some clients seek a variety of other non-audit services. These services differ widely in terms of the nature and purpose of providing the service. Differences also exist as to the amount of evidence used, costs incurred and accordingly the level of assurance provided on the reliability of information. Mohammed believes that auditing careers provide an excellent experience in risk assessment and management techniques, He has an opportunity for professional development and he also believes that his employment is interesting and meaningful. Working as a CPA, Mohammed has a wide range of opportunities allowing for personal growth. Although Mohammed, as a CPA, can perform any type of audit, some audit engagements are restricted to certain types of auditors other than the CPA. Following are a variety of services and audit engagements performed by different types of auditors. Based on your auditing background. you are required to help the auditor in analyzing each of the following separate individual cases related to different types of engagements by answering the following questions. tions Which of the following services can be classified as an assurance service? OA The auditor verifies management's assertion about its disclosure of electronic commercial practices and evaluates the security of electronic data posted on the company's website OB The auditor assesses the conmpany's products for compliance with quality control standards required by the ISO 9000 certification. OC Any service that cequires a CPA fim to issua a report about the reliability of an assertion that is made by another party OD All of the above
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Which of the following services can be classified as ... View the full answer
Related Book For
Forensic Accounting and Fraud Examination
ISBN: 978-0078136665
2nd edition
Authors: William Hopwood, george young, Jay Leiner
Posted Date:
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