LSU ACCT 3222 Laura Wiley - Chapter 1 Exam 1 With Best Solutions
LSU ACCT 3222 Laura Wiley - Chapter 1 Exam 1 With Best Solutions any independent service that improves the quality of information (financial or non-financial) -ANS-Assurance Services What two other services fall under the umbrella of Assurance services? -ANS-1. Attestation Services 2. Audit Services Name the 4 other services of Assurance services: -ANS-1. Risk advisory services 2. Compliance with EPA standards 3. Website security 4. Data integrity independent CPA (or practitioner) reports on subject matter (usually financial related info) prepared by someone else -ANS-Attestation services Is audit an attestation service? -ANS-yes 3 services of attestation services: -ANS-1. Examination of financial forecast 2. Review of historical FS 3. Examination of control process T/F: Attestation services only focus on historical financial reporting. -ANS-FALSE - they focus on future, historical, and IC reporting Name 2 services that fall under the Audit Service umbrella: -ANS-1. Historical FS 2. Internal Controls Who makes GAAP? -ANS-FASB
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any independent service that improves the quality
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what two other services fall under the umbrella of
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name the 4 other services of assurance services
