Attestation engagement reports

Assignment Help Auditing
Reference no: EM1351169

A practitioner cannot accept an engagement unless he believes the subject matter to be capable of reasonably consistent evaluation against suitable, available criteria. An examination may be performed if, in addition to the general conditions, sufficient evidence exists or can be developed to support the responsible party's evaluation. To express an opinion, the practitioner must gather sufficient evidence to reduce attestation risk to an acceptably low level. Attestation risk is similar to the audit risk concept used in Statements on Auditing Standards.

Question: What levels of assurance should be given in attestation engagement reports?

Reference no: EM1351169

Questions Cloud

Challenges with implementing a pay for performance system : There is a trend in moving towards pay-for-performance as the preferred mechanism for compensation
Several project management issues revolve near communication : Several project management issues revolve around communication with project team members.How can you determine the best way to communicate with each individual team member
Discuss impact unionization has on the public sector : Evaluate and discuss the impact unionization has on public sector productivity, both the advantages and disadvantages.
Personal experience or scientific evidence : Are you relying on personal experience or scientific evidence in your reasoning and response? Hint...rely on scientific evidence and cite your source!
Attestation engagement reports : A practitioner cannot accept an engagement unless he believes the subject matter to be capable of reasonably consistent evaluation against suitable, available criteria. What levels of assurance should be given in attestation engagement reports?
Determine the years to maturity : My real risk-free rate is 3.50 percent, average future inflation rate is 2.25 percent, and a maturity premium of 0.10% per year to maturity applies, i.e., MRP = 0.10%(t).
Public relations for a company with damaged credibility : Public relations for a company with damaged credibility - All one would have to do would be to google any one of the companies mentioned to gain an understanding as to current or past problems they have encountered.
Failure of tyco international : Discuss how auditing may have played a role in the failure of Tyco International. How did the audit process potentially contribute to the firm's failure?
How to calculate the temperature of the gas : A Ferris wheel with a radius of 14.0 m rotates at a constant rate, completing one revolution in 30.0 s. What is the apparent weight of a 60 passenger when she is at the bottom of the wheel.

Reviews

Write a Review

Auditing Questions & Answers

  Internal audit

Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?

  Accounting professional and ethical standards

Code of Ethics for Professional Accountants

  Prepare swag''s consolidated balance sheet

Prepare Swag's consolidated balance sheet

  Auditing and assurance

Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to

  State of the company’s industry and associated risk factors

Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors

  Prepare a memo to the audit partner

Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.

  Adjusting or non- adjusting events

State whether Event is adjusting or non-adjusting event.

  Audit financial data

As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.

  Identify principal audit risk

To identify principal audit risk and corresponding audit procedures

  Auditing and assurance

Show the audit inherent risk and rate the risk as low, medium or high.

  National health reform

Explain the role of the following three 'bodies' in National Health Reform

  Prepare a memo on the state of the company''s industry

Prepare a memo on the 'state of the company's industry' and associated risk factors.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd