1.Other Reports

a.Describe how the auditor's report must be modified if a special purpose framework is used.Also discuss in what situation restriction of the report is required.

b.Explain the nature and purpose of a comfort letter. Include

i.Recipient

ii.Situation that creates the need

iii.Distribution

iv.Type of assurance provided

v.In which situation the auditor can comment on tables, statistics, and other financial information.

2 Review and Compilation

a.Compare and contrast a review to an audit. Be specific and include a discussion of the type of procedures performed and the report provided by the external CPA.

b.Compare and contrast a compilation to a review. Be specific and include a discussion of the type of procedures performed and the report provided by the external CPA.