An Assurance Engagement Is One in Which a CPA Is

question 16

Multiple Choice

An assurance engagement is one in which a CPA is engaged to ________.

• A)issue a written communication expressing a conclusion concerning a subject matter for which an accountable party is responsible
• B)provide tax advice or prepare a tax return based on financial information the CPA has not audited or reviewed
• C)testify as an expert witness in accounting,auditing,or tax matters,given certain stipulated facts
• D)assemble prospective financial statements based on the assumptions of the entity's management without expressing any assurance

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Definitions:

Arraignment

A court proceeding in which the suspect is formally charged with the criminal offense stated in the indictement. The suspect then enters a plea (guilty, not guilty, or nolo contendere) in response.

Subpoena

A legal document ordering someone to attend a court proceeding or produce documents or evidence in a legal case.

Interrogatory

A rephrased definition: Written questions served by one party on an opponent to gather information about facts related to the lawsuit, requiring a formal response under oath.

Trial Notebook

A comprehensive compilation of documents, evidence, witness lists, and other critical information organized by attorneys for use during a trial.