To perform an attestation engagement on prospective information or pro forma information,accountants must do all of the following excepta. Obtain knowledge about the entity’s business and accounting principles.b. Understand the internal controls used in the processes that generated the information.c. Obtain an understanding of the process through which the information was developed.d. Evaluate the assumptions used to prepare the information.
To perform an attestation engagement on prospective information or pro forma information,accountants must do all of the following excepta. Obtain knowledge about the entity’s business and accounting principles.b. Understand the internal controls used in the processes that generated the information.c. Obtain an understanding of the process through which the information was developed.d. Evaluate the assumptions used to prepare the information.
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter14: Activities Required In Completing A Quality Audit
Section: Chapter Questions
Problem 93RSCQ
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To perform an attestation engagement on prospective information or pro forma information,
accountants must do all of the following except
a. Obtain knowledge about the entity’s business and accounting principles.
b. Understand the internal controls used in the processes that generated the information.
c. Obtain an understanding of the process through which the information was developed.
d. Evaluate the assumptions used to prepare the information.
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