CPA Auditing and Attestation (AUD) › Audit Reports
Which statement is true regarding a compilation report?
Of the following factors, which should most influence an auditor’s decision to modify the audit opinion of an issuer’s financial statements?
An auditor of a non-issuer must conduct the audit in accordance with A) ASB Standards B) PCAOB Standards
John Ryan, CPA needs to research guidance for the engagement of his client. The client is a private unaudited non-issuer and wants a compilation completed. In which of the following sections of various literature sources would John find relevant guidance?
Which statement is true regarding a compilation report?
In the course of auditing Litmus, Inc., the auditors have uncovered a scheme by management to overvalue inventory in order to adhere to bond covenants. The firm approached management and indicated the practice would stop; however, they did not want to correct this year’s financial statements. The auditor should:
An auditor of a non-issuer must conduct the audit in accordance with A) ASB Standards B) PCAOB Standards
Of the following factors, which should most influence an auditor’s decision to modify the audit opinion of an issuer’s financial statements?
In the course of auditing Litmus, Inc., the auditors have uncovered a scheme by management to overvalue inventory in order to adhere to bond covenants. The firm approached management and indicated the practice would stop; however, they did not want to correct this year’s financial statements. The auditor should:
John Ryan, CPA needs to research guidance for the engagement of his client. The client is a private unaudited non-issuer and wants a compilation completed. In which of the following sections of various literature sources would John find relevant guidance?