Which of the Following Procedures Does a CPA Normally Perform

question 1047

Multiple Choice

Which of the following procedures does a CPA normally perform first in a review engagement in accordance with Statements on Standards for Accounting and Review Services (SSARS) ?

• A) Inquiry regarding the client's principles and practices and the method of applying them.
• B) Inquiry concerning the effectiveness of the client's system of internal control.
• C) Inquiry to identify transactions between related parties and management.
• D) Inquiry of the client's professional advisors, including bankers, insurance agents, and consultants.

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Definitions:

Controversies

Public disagreements or debates marked by differing opinions and, often, strong emotional responses.

Chief Components

The primary or most important parts that make up a system, structure, or compound.

Arizona

A U.S. state located in the southwestern region of the country, known for its desert climate, the Grand Canyon, and diverse landscapes.

Political Party

An organized group of people with at least somewhat similar political aims and opinions, that seeks to influence public policy by getting its candidates elected to public office.