Indicate whether a CPA may provide each of the following services, and whether independence is required, by
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May Provide; Independence May Provide; Independence Is Not Required May Not Provide Is Requiredi Service a. Provide an opinion on whether financial statements b. Compile the financial statements for the past year c. Apply certain agreed-upon procedures to accounts are prepared following the cash basis of accounting. and issue a publicly avalable report receivable for purposes of obtaining a loan, and express a summary of findings relating to those procedures d. Review quarterly information and issue a report that includes limited assurance. e. Perform an audit of the financial statements on whether they are prepared following generally accepted accounting principles f. Compile the financial statements for the past year, but do not issue a report since the financial state- ments are only for the company's use.
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Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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