1. For which type of report would the auditors express negative assurance?

Audits on financial statements not based on GAAP Audits of specific accounts Letters for underwriters Summary financial statements

2. For which of the following parties is it unrequired for accountants to prepare a compilation report?

Compilation reports should always be prepared Management only Management and third parties Third parties only

3. Regarding a review of the management discussion and analysis, what is typically included in the report?

General use of the report Restricted use of the report Statement of disclaimer of opinion required Statement of internal controls required