Question
escriptions of potential needs for clients for assurance services are listed below. Part 1. For each need, identify the type of service, if any, that
escriptions of potential needs for clients for assurance services are listed below. Part 1. For each need, identify the type of service, if any, that would best (most efficiently) meet the clients need: Financial projection Financial forecast Agreed upon procedure Audit Review Compilation Part 2. Indicate whether SSAE, SSARS, or GAAS would apply to the service. Service Standards A. A computer manufacturing company wants to provide assurance about estimated future results to be included in the companys annual report. B. A grocery store wants to verify that its prices are less than the prices of its competitors. C. A company wants a professional looking set of financial statements to provide to an interested buyer. D. A company is considering expanding operations overseas and wants to provide assurance about the estimated future results to be provided to potential investors. E. A bank wants a CPA firm to confirm A/R balances of a company that has pledged the receivables as collateral for a loan. F. A company is applying for a loan with their bank. The bank does not require an audit.
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