AICPA Standards Recognize an Operational Audit as a Form Of

question 34

Multiple Choice

AICPA standards recognize an operational audit as a form of:

• A) attestation services.
• B) management consulting services.
• C) accounting services.
• D) audit services.
• E) review services.

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Definitions:

Financing Statement

A document that lists the names and addresses of all the parties involved in the transaction, a description of the collateral, and the signature of the debtor.

Federal Trade Commission

A United States federal agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.

Secured Party's Interest

refers to the legal claim or right a lender holds in the borrower's collateral in case the borrower defaults on the loan.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across states.