Auditors who audit public and nonpublic companies must be familiar with professional standards developed by a variety
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Service
a. An annual review of the financial statements of a nonpublic company.
b. A quarterly review of the financial statements of a nonpublic company that has an annual audit.
c. A quarterly review of the financial statements of a public company that has an annual audit.
d. An audit of the financial statements of a nonpublic company.
e. A compilation of the financial statements of a nonpublic company.
f. A quarterly review of the financial statements of a nonpublic company that annually has a review of its financial statements.
g. A letter to an underwriter of a public company.
h. A report on summary financial statements of a nonpublic company.
i. An audit of a public company.
Source of Standards
1. Accounting and Review Services Committee Statements on Standards for Accounting and Review Services
2. Auditing Standards Board Statements on Auditing Standards
3. PCAOB Auditing Standards
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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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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