OTHER REPORTING ENGAGEMENTS 1. What is the objective of a compilation engagement? 2. What is the objective of a review engagement? 3. What is the objective of a preparation engagement? 4. Assurance engagement vs attest engagement a. Types of each b. Which engagements require independence? 5. What procedures are required in compilation, review, and preparation engagements? 6. Which engagements require consideration and/or testing of internal controls? 1. Which engpements ru areport? 8. In which 9. Which 10. Which reports require a reference to the country of origin of the accounting principles used to engagements would inquiry generally be made about subsequent events? engagements require the accumulation of evidence? prepare the financial statements? 11. Which reports require a title? 12. Which engagements require the performance of specific procedures to evaluate whether there is substantial doubt about the entity's ability to continue as a going concern? 13. Which engagements require inquiry of management about their knowledge of fraud or suspected 14. Ifa client requests, may an accountant change the level of service? If so, under what circumstances? 15. What are the types of prospective financial statements? fraud? What services are applicable to prospective financial statements? 17. What are the two uses of prospective financial statements? 18. What is meant by "limited assurance?" 19. 16. When is the accountant required to obtain a representation letter from the client? 20. Under what circumstances, may an accountant compile financial statements that omit substantially all of the disclosures and the statement of cash flows required by U.S. GAAP? NOTE: TYPES OF ENGAGEMENTS INCLUDE AUDIT, COMPILATION, REVIEW PREPARATION, AND EXAMINATION ENGAGEMENTS