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3 Cards in this Set
- Front
- Back
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compilation 1. Level of assurance obtained that F.S. are not misstated 2.Objective 3. assurance provided to user 4. situation requiring service |
1. does not obtain or provide any assurance 2. assist in presenting F.S. without undertaking to obtain or provide any assurance that their are no modifications 3. none 4. prepared for simple situations |
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review 1. Level of assurance obtained that F.S. are not misstated 2. Objective 3. assurance provided to user 4. situation requiring service |
1. limited assurance 2. limited assurance that no modifications should be made to F.S. 3. none 4. prepared for privately held companies because of requirements by outside third parties |
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audit 1. Level of assurance obtained that F.S. are not misstated 2. Objective 3. assurance provided to user 4. situation requiring service |
1. obtains high, but not absolute, level of assurance that F.S. is free of misstatement 2. obtain high level of assurance about whether F.S. as a whole is free from misstatements 3. none, provides opinion 4. prepared for privately held companies because outside third parties require auditors opinion |
