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Example Questions
Example Question #1 : Types Of Engagements Ssae
Of the following, which would not be considered an attest engagement subject to attestation standards?
An engagement to examine management's assertion about a subject matter
An engagement to examine a financial forecast
An engagement to review pro forma financial statements
An engagement to review the financial statements of a nonpublic company
An engagement to review the financial statements of a nonpublic company
Attest engagements covered under SSAE exclude services performed in accordance with SSARS. Since the review of a nonpublic company's financial statements is conducted under SSARS, it is not subject to attestation standards.
Example Question #132 : Cpa Auditing And Attestation (Aud)
Attestation risk is comprised of all of the following risks except for:
Detection risk
Financial risk
Control risk
Inherent risk
Financial risk
Inherent, control, and detection risks are all components of attestation risk whereas financial risk is not a risk-focused on.
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All CPA Auditing and Attestation (AUD) Resources
