An Accounting Service That Involves Performing Inquiry and Analytical Procedures

question 43

Multiple Choice

An accounting service that involves performing inquiry and analytical procedures to provide a reasonable basis for expressing limited assurance that there are no material modifications that should be made to the financial statements for them to be in conformity with GAAP is best know as

• A)a compilation.
• B)an audit.
• C)a review.
• D)an agreed upon procedure.

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Definitions:

Surveys

Surveys are methods of gathering data and opinions from a sample of individuals, used to understand behaviors, attitudes, and characteristics of a larger population.

Interrupted Time-series

A statistical analysis method that evaluates the effects of interventions by analyzing segments of time-series data before and after the intervention.

Specific Deterrence

A criminal justice policy aimed at preventing an individual who has already committed an offense from reoffending.

General Deterrence

The theory that the presence or potential of punishment can discourage individuals or society at large from committing crimes.