Multiple choice Accounting quiz. Just need the correct answers. Don't need explanations.

Quiz #3 Name: ______________________________________________________________ Date: _______________________________________________________________ 1. Who is the audit report address to? A. Audit Committee B. Board of Directors C. President of the company D. All of the above 2. A general purpose framework is designed to meet the common financial information objectives of a wide range of users, except: A. GAAP B. IFRS C. OCBOA D. GASB 3. The engagement partner in a SSARS engagement is responsible for the overall quality of the engagement except: A. Client and engagement acceptance or continuance B. Reliable information to complete the engagement will be available C. Ascertaining that the engagement team has the necessary qualifications to perform the engagement completely D. Engagement documentation 4. Before accepting or continuing an engagement or a relationship with a client, the accountant should ascertain that: A. All ethical requirements will be satisfied B. Reliable information to complete the engagement will be available C. The financial reporting framework selected by management is acceptable D. All of the above 5. The accountant's documentation for compilation engagement is required to include all following, except: A. The engagement letter B. A copy of the financial statements C. A copy of the accountant's compilation report D. Responsibility of management 6. Which of the following procedure is performed by an accountant in a compilation engagement of a nonissuer (non-public entity)? A. Obtaining written representation from management that the compiled financial statements will not be used to obtain credit B. Making inquiries of management regarding decisions made at meeting with stockholder's and the board of directors C. Reading financial statements to determine if they are free of obvious mistaken in the application of accounting principles D. Applying analytical procedures to corroborate management assertions are included in the financial statements 7. An accountant is in the midst of an audit of a non-public entity and the client request that the audit be downgraded to a review or compilation. The accountant should consider all following except: A. The reasons offered by management for the downgrade B. The additional effort and cost to complete the original engagement C. Make reference to the original agreement or reasons for the downgrade D. All of the above 8. The AICPA refers to an attestation as any engagement in which the accountant expresses a written conclusion about the reliability of written assertions by another party except: A. Review B. Compilation C. Examination D. Agree upon procedures 9. Other attestation engagements include but are not limited to: A. Financial Forecasts and Projections B. Pro Forma Financial Information C. Management's Discussion and Analysis D. All of the above 10. Comfort letters are signed by the client's A. Audit committee B. Senior management C. Independent auditor D. Underwriter of securities