AUDITING+ASSURANCE 12MONTH ACCESS CARD
AUDITING+ASSURANCE 12MONTH ACCESS CARD
17th Edition
ISBN: 9780135635131
Author: ARENS
Publisher: WILEY
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Chapter 25, Problem 30DQP

a)

To determine

Identify the level of assurance that the CPA will provide related to the agreed-upon procedures.

b)

To determine

Identify the most likely used evidences by the CPA in order to perform the agreed-upon procedures.

c)

To determine

Identify the parties to whom the report will be addressed and whether the report will be distributed more broadly or not.

d)

To determine

Identify the way that the report related to the agreed-upon procedures will be described.

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Incorrect Question 6 0 / 10 pts Audit Organization ABC is evaluating the different non-audit services it provides to its various clients. Indicate which of the following non-audit services would impair its independence. There are multiple answers. (Hint: There are five non-audit services that would impair the firm's independence). Hiring or terminating the audited entity's employees. Preparing financial statements in their entirety from a client-provided trial balance. Evaluation of an entity's system of internal control performed outside the audit. Approving entity transactions. Supervising ongoing monitoring procedures over an entity's system of internal control. Preparing certain line items or sections of the financial statements based on information in the trial balance. Preparing account reconciliations that identify reconciling items for the audited entity management's evaluation. Changing journal entries without management approval. Posting coded transactions to an audited…
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