Term
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Definition
the broad range of information enhancement services that are provided by CPAs; there are two types
1. that that increase the reliability of information
2. those that involve putting information in a form or context that facilitates decision making |
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Term
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Definition
| provides assurance as to the reliability of information; when a practitioner is engaged to issue or does issue an examination, a review, or an agreed-upon procedures report on subject matter or an assertion about subject matter that is the responsibility of another party(management). |
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Term
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Definition
| a statement, usually made by management, about the effectiveness of internal control over financial reporting. |
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Term
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Definition
| the standards established or developed by groups composed of experts |
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Term
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Definition
| high level of assurance, low risk of material misstatement, involves historical financial statements |
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Term
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Definition
| limited level of assurance, moderate risk of misstatement,generally limited to inquiry and analytical procedures |
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Term
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Definition
| summary of findings and procedures, risk varies, procedures agreed upon with specified user(s) |
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