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Which of the following pairings of engagements and levels of assurance is not correct? Multiple Choice 0 Compilation engagement; No assurance Examination engagement Opinion Agreedupon procedures engagement; Limited assurance . Review engagement; Limited assurance 10 A compilation report should include all of the following except: Multiple Choice 01:45:09 O A statement that the compilation has been performed in accordance with Statements of Standards for Accounting and Review Services. O A statement that the financial statements are the representations of management. O A statement that the financial statements have not been audited or reviewed. A statement that all necessary supplemental disclosures have been provided to accompany the financial statements.What is the major difference introduced for auditors when a client prepares financial statements using a special purpose framework? Multiple Choice 0 The nature and type of relationships leading to impaired independence on the part of the auditors. O The scope of the engagement and level of assurance that can be provided on the financial statements. 0 The nature of accounting procedures used by the client to prepare its financial statements. 0 The nature of auditing procedures applied by the auditors. W Which of the following would be included in the accountant's report for an examination of a financial forecast? 01:51:54 Multiple Choice O A limitation on the use of the report to specified parties. O An opinion on the reasonableness of the assumptions used to prepare the forecast. O An opinion as to the ultimate achievability of forecasted results. O A statement that the forecast was examined in accordance with generally accepted auditing standards.4 Which of the following types of reports on controls implemented at a service organization would auditors of issuers request from service auditors? 8 01:46:35 Multiple Choice O Service Organization Control 1 Type 2 report. O Compliance report. O Service Organization Control (SOC) 1 Type 1 report. O Review report.5 An engagement in which non audit clients request public accounting firms to provide assurance on financial statements by performing a specified set of audit procedures rather than a complete audit of the financial statements is a(n) 01:46:04 Multiple Choice O Agreed-upon procedures engagement. O Compliance audit. O Individual account engagement. O Compilation engagement.6 Which of the following would not be included in an auditor's report on financial statements prepared under a special purpose framework? 01:45:50 Multiple Choice O A sentence that identifies the special purpose framework. O A statement that the financial statements were prepared in accordance with accounting principles generally accepted in the United States of America. O Reference to the special purpose framework in the Opinion section. O All of the choices would be included in the report.Which of the following statements is true concerning the auditors' report on compliance based on a GAAS audit? 8 01:45:42 Multiple Choice O The report identifies the nature of the opinion expressed on the financial statements. O The report expresses the auditors' opinion on compliance. O The report indicates that use of the report should be limited to specific parties. O The report lists specific procedure(s) performed during the GAAS audit that relate to compliance.8 Which of the following would not be included in a report to apply agreed-upon procedures to historical financial statements? 01:45:33 Multiple Choice O Identification of the specific procedures performed by the accountants. O Identification of the specified parties who participated in establishing the scope of the engagement. O A statement that disclaims an opinion on the financial statements. O The accountants' opinion as to the sufficiency of the procedures performed in the engagement.C A review of unaudited financial statements consists of: Multiple Choice 01:45:19 O Conducting inquiry of management and documenting internal controls. O Performing analytical procedures and determining compliance with laws and regulations. O Conducting internal control evaluation and obtaining written representations. O Conducting inquiry of management, performing analytical procedures, and obtaining written representations