Question
As a junior CPA at Britton's Accounting Firm, you're working with a new client, QRS Corporation. Your team supervisor has assigned you the task of
As a junior CPA at Britton's Accounting Firm, you're working with a new client, QRS Corporation. Your team supervisor has assigned you the task of creating an engagement for the client, but because it's the busiest season of the year for the firm, your supervisor hasn't had a chance to determine the appropriate engagement type. You now have the opportunity to showcase your expertise by determining the most appropriate engagement type to best fit QRS Corporation's needs and potentially make a good impression on your supervisor. This assignment will help you use the appropriate levels of service for SSARs engagements that match the needs of the client.
Analyzes the different types of SSARS engagements and recommend the most appropriate type based on your analysis of SSARS and the financial information provided by the client.
- Client Profile: Analyze the client profile by responding to these considerations:
- Determine if an income statement is included.
- Determine if a balance sheet is included.
- Determine if retained earnings are included.
- Engagement Type: Identify the SSARS engagement type needed from the information provided about the client.
- Engagement Justification: Explain why the engagement type best aligns with the needs of the client.