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Online Quizzes
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1

Assurance services are independent professional services that improve the quality of information or its
A)Context.
B)Profitability
C)Reliability.
D)Sufficiency.
2

Which of the following combinations of types of services is least likely?
A)Attestation--Yes; Assurance Service--Yes
B)Attestation--Yes; Assurance Service--No
C)Attestation--No; Assurance Service--Yes
D)Attestation--No; Assurance Service--No
3

The primary standards for attestation services other than historical financial statements are the :
A)Accounting and Review Services.
B)Attestation Standards.
C)Generally Accepted Auditing Standards.
D)Field Standards of Professional Conduct.
4

A practitioner performing an attestation engagement may ordinarily report upon the subject matter or a(n)
A)Assertion about the subject matter.
B)Control criterion.
C)Reliability statement.
D)Suitable criteria.
5

What type of an attestation engagement is similar in assurance provided to an audit of historical financial statements?
A)Assessment
B)Detailed review.
C)Evaluation
D)Examination.
6

The circumstance most likely to make it impossible for a practitioner to issue a review report is when the
A)Criteria are only available to specified users.
B)Subject matter contains a departure from the criteria.
C)Company faces a going concern uncertainty.
D)Scope of the engagement has been significantly limited.
7

Which of the following is not an attestation form of report?
A)Agreed-upon procedures.
B)Compilation
C)Examination.
D)Review
8

A report for an agreed-upon procedures ordinarily includes:
A)Findings--Yes; Negative Assurance--Yes
B)Findings--Yes; Negative Assurance--No
C)Findings--No; Negative Assurance--Yes
D)Findings--No; Negative Assurance--No
9

When an auditor reports on internal control of a nonpublic company, the control criteria most frequently used by the client are the:
A)COSO Internal Control Integrated Framework.
B)Standards of the Public Company Accounting Oversight Board.
C)SAS 55 Three Component Internal Control Model.
D)Written Assertions of the AICPA.
10

When an accountant issues an examination report on a financial forecast, the report ordinarily should:
A)State that the forecast is presented in conformity with guidelines established by the AICPA.
B)Provide an explanation of the differences between an examination and an audit.
C)State that the accountant is responsible for events and circumstances not to exceed one year after the report's date.
D)Disclaim an opinion on whether the assumptions provide a reasonable basis for the projection.
11

Which of the following is not an objective of a practitioner's examination of management's discussion and analysis?
A)Report on whether the presentation includes, in all material respects, the required elements of the rules and regulations adopted by the SEC.
B)Report on whether the presentation is in conformity with rules and regulations adopted the SEC.
C)Report on whether the historical financial amounts included in the presentation have been accurately derived, in all material respects, from the company's financial statements.
D)Report on whether the underlying information, determinations, estimates and assumptions provide a reasonable basis for the disclosures contained in the MDA.
12

A CPA's report relating to a Trust Services engagement is most likely to provide assurance on:
A)Complementarity.
B)Offline Privacy.
C)Security.
D)Trusteeship.





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