1). Define what is meant by “assurance services.”
2). Attestation standards must be used by a CPA during certain types of engagements. Name 3 types of engagements?
3). In an engagement, suitable criteria or benchmarks must be used to evaluate the subject matter. What are the two characteristics of suitable criteria?
4). Define attestation risk.
5). In what ways is a review different than an examination?
6). Reporting on internal control provides a good example of an assurance service that differs from reporting on financial statements. Why?
7). Distinguish between a financial forecast and a financial projection.
8). What are the three objectives of an audit in an MD&A engagement?
9). Briefly describe the subject-matter regarding Trust Services.