1. An engagement that involves a practitioner is engaged by a client to issue a report of findings based on specific procedures performed on subject matter is?

a. A compilation

b. A review

c. A forecast

d. An agreed upon procedures engagement

2. Which of the following would not be considered an attest engagement?

a. An audit

b. An agreed upon procedures engagement

c. A compilation

d. A review

3. The party responsible for assumptions identified in the preparation of prospective financial

statements is usually

a. board of directors

b. client management

c. external auditors

d. internal auditors

4. Which of the following statements is true?

a. Specialized and general audit software programs can be used for testing internal control or account balances

b. When testing accounting balances you should use only specialized audit software

c. When testing internal control only generalized audit software may be used

d. None of the answers are true

5. Which of the following is not an example of specialized audit software

a. ACL

b. None of the answers are correct

c. IDEA

d. Excel

6. All of following are advantages of generalized audit software are except

a. it is not specific computer system based

b. It is best for online, real-time environments

c. less computer experience is needed

d. it is independent of the clients programs

7. In attribute sampling, the difference between the expected deviation rate and the tolerable deviation rate is called

a. Allowance for sampling risk

b. Reliability

c. None of the above

d. Non-sampling audit risk