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A responsible party for information to subject to an attestation engagement would not include: Multiple Choice the client's vice president of marketing. a client employee
A responsible party for information to subject to an attestation engagement would not include: Multiple Choice the client's vice president of marketing. a client employee named in a contract or regulation as being responsible for the information. the independent accountant. the client's controller. What is the primary reason that the auditor of a user organization would request a report from a service organization? Multiple Choice To determine the design and/or operating effectiveness of internal controls. To verify the appropriate processing of transactions. To verify the existence of accounts receivable transactions. To assist in forming assessments of inherent risk for material account balances. In a report on compliance with contractual agreements conducted in conjunction with an audit of the financial statements, the auditors' report would include all of the following except. Multiple Choice An opinion on the entity's compliance with contractual agreements. A reference to the audit of the financial statements. A limitation on the use of the report to identified parties. An indication that the audit was not directed toward identifying instances of noncompliance with contractual agreements. The party in an attestation engagement who provides an assertion with respect to information is the: Multiple Choice Limited party Asserting party. Attesting party. Responsible party. The primary difference between a financial forecast and a financial projection is: Multiple Choice The level of accountant involvement with the financial information. The accounting principles used to generate the financial information. The extent of financial information included in the presentation. The nature of the assumptions used to generate the financial information
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