Question: Select from the option list provided the authoritative standard that applies to each description. Each choice may be selected once, more than once, or not
Select from the option list provided the authoritative standard that applies to each description. Each choice may be selected once, more than once, or not at all.
The following abbreviations are used:
GAAS Generally Accepted Auditing Standards
SSAEs Statements on Standards for Attestation Engagements
SOX SarbanesOxley Act of GAAS Generally Accepted Auditing Standards
SQCSs Statements on Quality Control Standards
GAAP Generally Accepted Accounting Principles
SSCSs Statements on Standards for Consulting Services
SSARS Statements on Standards for Accounting and Review Services
tableDescriptionStandard,table Requires accounting firms to appropriatelyconsider the risk of providing servicestableSOXGAAStable Issued by the AICPA to set guidelines forperforming a compilationSQCSstable Mandates that a second partner review andapprove audit reportsGAAPtable Defines the process of undertaking an auditengagement for nonissuerstable Requires the accountant to have reason tobelieve that the assertion is measurable interms that are suitable to the users of theassertiontable Describes six elements the CPA firms mustconsider Defines audit requirements for issuers,,table The accountant makes recommendationsbased on the objectives of the engagementtable Issued by the AICPA to set guidelines tooffer limited assurance on historical financialstatementstable The subject of the AICPA's clarity projectfor audits
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