1. The standards for compilations and reviews of financial statements are called
   1. Generally Accepted Accounting Principles Services
   2. Generally Accepted Auditing Standards Services
   3. Statement on Standards for Accounting and Review Services
   4. Statement on Auditing for Review and Compilation Services

2. Which service can an accountant provide without being independent:
   1. Audit
   2. Compilation
   3. Review

3. Select the amount of evidence (High, None, Limited): needed for each of the following:
   1. Compilation ________________________
   2. Audit _______________________________
   3. Review ______________________________

4. In an attestation engagement, the CPA reports on the reliability of information or an assertion made by another party (example: Miss America contest). The attestation standards define 3 levels of engagements and related forms of conclusion. Determine which conclusion (Negative Assurance, Positive Conclusion, Degree of Assurance Varies with Specific Procedures Agreed to and Performed) relates to the correct engagement:

1. Reviews ___________________________________________________________
2. Agreed-upon Procedures ______________________________________________
3. Examinations ________________________________________________________

5. Describe in detail each of the following and give an example when one would be requested from a client:
   1. Audit
   2. Compilation
   3. Review