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Auditing

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Question
Answer
agreed upon procedures engagement   attest engagement in which CPA agrees to perform procedures for a specified party and issue a report that is restricted to use by that party  
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applicable financial reporting framework   financial rporting framework adopted by management that is acceptable in view of the nature of the entity and the objectives of the financial statements or that is required by law or regulation  
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assertion   a representation or declaration made by the responsible party typically management of the entity  
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assurance services   professional services that enhance the quality of information or its context for decision makers (most involve some sort of attestation)  
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attest engagement   engagement where cpa issues an exam review or agreed upon procedures report on subject matter or an assertion about subject matter that is the responsibility of another party  
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audit of financial statements    
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Created by: akaban
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