Part 1. For each need, identify the type of service, if any, that would best (most efficiently) meet the client's need:

Financial projection

Financial forecast

Agreed-upon procedure

Audit

Review

Compilation

Part 2. Indicate whether SSAE, SSARS, or GAAS would apply to the service.

A. A computer manufacturing company wants to provide assurance about estimated future results to be included in the company's 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 at the lowest possible cost.

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.

G. A potential investor has asked the company to provide absolute, independent assurance that the revenues reported on the most recent financial statements represent the income earned during the period.