Assignment 1 Audit 1- The list below indicates various audit, attestation, and other engagements 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. An engagement to help a company structure a merger transaction to minimize the taxes of the combined entities. 4. 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. 5. A report on the effectiveness of internal controls at a company that provides payroll processing for other companies. 6. An examination report stating whether a company's statement of greenhouse gas emissions is presented in conformity with standards issued by the World Business Council for Sustainable Development and the World Resources Institute. 7. Evaluating the voting process and certifying the outcome for Rolling Stone Magazine's "Greatest Singer of All Time" poll. 8. A report indicating whether a governmental entity has complied with certain government regulations. 9. A review report that provides limited assurance about whether financial statements are fairly stated in accordance with U.S. GAAP. 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 and vision. Required: a. For each of the services listed above, indicate the type of service from the list that follows. (1) An audit of historical financial statements. (2) An attestation service other than an audit service. (3) An assurance or nonassurance service that is not an attestation service.

Assignment 1 Audit 1- The list below indicates various audit, attestation, and other engagements 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. An engagement to help a company structure a merger transaction to minimize the taxes of the combined entities. 4. 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. 5. A report on the effectiveness of internal controls at a company that provides payroll processing for other companies. 6. An examination report stating whether a company's statement of greenhouse gas emissions is presented in conformity with standards issued by the World Business Council for Sustainable Development and the World Resources Institute. 7. Evaluating the voting process and certifying the outcome for Rolling Stone Magazine's "Greatest Singer of All Time" poll. 8. A report indicating whether a governmental entity has complied with certain government regulations. 9. A review report that provides limited assurance about whether financial statements are fairly stated in accordance with U.S. GAAP. 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 and vision. Required: a. For each of the services listed above, indicate the type of service from the list that follows. (1) An audit of historical financial statements. (2) An attestation service other than an audit service. (3) An assurance or nonassurance service that is not an attestation service.

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter1: Accounting As A Form Of Communication

Section: Chapter Questions

Problem 1.7DC

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