Sie sind auf Seite 1von 6

1) The list below indicate various audit, attestation and assurance engagement

involving auditors:
1. A report on the effectiveness of internal control over financial reporting as
required by Section 404 of the Sarbanes-Oxley Act.
2. An auditor’s report on whether the financial statements are fairly presented
in accordance with International Financial Reporting Standards.
3. A report stating whether the company has complied with restrictive
covenants related to officer compensation and payment of dividends
contained in a bank loan agreement.
4. An electronic seal indicating that an electronic seller observes certain
5. Evaluating the voting process and certifying the outcomes for Rolling Stone
Magazine’s “Greatest Singer of All Time” poll.
6. A report indicating whether a governmental entity has complied with certain
government regulations
7. A report on the examination of a financial forecast
8. A review report that provides limited assurance about whether financial
statements are fairly stated in accordance with GAAP
9. Assess risks related to greenhouse gas emissions and regularity compliance
10. A report about management’s assertion on the effectiveness of controls over
the availability, reliability, integrity and maintainability of its accounting
information system.
11. An evaluation of the effectiveness of key measures used to assess an
entity’s success in achieving specific targets linked to an entity’s strategic
plan or vision


1-16 a. The relationship among audit services, attestation services, and assurance
services is reflected in Figure 1-3 on page 32 of the text. Audit services are a
form of attestation service, and attestationservices are a form of
assurance service. In a diagram, auditservices are located within the
attestation service area, andattestation services are located within the
assurance service area.

b. 1. (2) An attestation service other than an audit service

2. (1) An audit of historical financial statements
3. (2) An attestation service other than an audit service
4. (2) An attestation service other than an audit service; or
(3) An assurance service that is not an attestation service
(WebTrust developed from the AICPA Special Committeeon
Assurance Services, but the service meets the criteria for
an attestation service.)

5. (2) An attestation service other than an audit service

6. (2) An attestation service other than an audit service
7. (2) An attestation service other than an audit service
8. (2) An attestation service that is not an audit service
(Review services are a form of attestation, but
areperformed according to Statements on Standards for
Accounting and Review Services.)

9. (2) An assurance service that is not an attestation service

10. (2) An attestation service other than an audit service
11. (3) An assurance service that is not an attestation service

2) Match the engagement described to the (A) type of audit and (B) auditor that would
perform the engagement. Each engagement will have an answer from List-A and List-B. An
answer can be used once, more than once, or not at all.

List A - Type of Audit: List B - Type of Auditor:

a. Financial Statement d. Internal
b. Compliance e. External
c. Operational f. Government
g. IRS

1. Evaluate a company's payroll processing for economy.
2. Evaluate/determine if bank covenants are being met.
3. Evaluate financial statements that are to be submitted to a bank.
4. Evaluate the promptness of materials inspection in a manufacturer's receiving department.
5. Determine if Medicare reimbursements are in accordance with the Healthcare Financing
Administration (HCFA).
6. Determine if the tax return of a multinational corporation is in accordance with the tax
7. Determine if a public school is properly applying their reimbursement for the payment-in-
kind program.
8. Determine the effectiveness of a Department of Defense project.

1. c, d
2. b, d
3. a, e
4. c, d
5. b, f
6. b, g
7. b, e
8. c, f
3) Listed below are policies or procedures that the Crystal Cove audit firm has in place. For
each identified policy or procedure state if it is a Generally Accepted Audit Standard (GAAS)
or a Quality Control Standard.
Audit firm Policy or Procedure
1. Determination on whether to accept or
reject a new client. Standards Category
2. A client evaluation form. a. GAAS
3. All personnel participate in continuing b. Quality Control
professional education.
4. Conducting the audit with professional
5. Answering an independence
6. Determine and apply materiality levels.
7. Audit staff workpapers are reviewed by
audit seniors, then managers.
8. Plan work and supervise assistants.

1. a
2. b
3. b
4. a
5. b
6. a
7. b
8. a
11) The following are definitions of terms that are listed on the right. Match the definition
with its associated term. Each term can be used once, more than once or not at all.
1. Sets professional standards and rules for auditors.
2. Oversees accounting firms who audit public Audit Term
companies. a. AICPA
3. The methods used to ensure the firm meets its b. PCAOB
professional responsibilities to clients and others. c. Securities Exchange
4. Assists in providing investors with reliable Commission
information. d. Form 10-k
5. Requires annual inspections of accounting firms g. Due professional care
auditing > 100 issuers. k. Peer review
6. Practice monitoring by a CPA firm for another o. State Regulation
CPA firm. p. Code of Professional Conduct
7. Fulfilling duties diligently and carefully. q. Quality Control Standards
r. GAAS Standards

1. a
2. b
3. q
4. c
5. b
6. k
7. g
1 16 31 46
2 17 32 47
3 18 33 48
4 19 34 49
5 20 35 50
6 21 36 51
7 22 37 52
8 23 38 53
9 24 39 54
10 25 40 55
11 26 41 56
12 27 42 57
13 28 43 58
14 29 44 59
15 30 45 60