WGU D215

WGU D215 Auditing Study Questions | Latest 2023/24 | Updated & Verified | Guaranteed Success Last document update:   ago

What is the objective of a financial statement audit? - Provide financial statement users with an opinion by the auditor on whether the financial statements are presented fairly in accordance with an applicable financial reporting framework Who are intended users of assurance services? - Decision makers ie Investors Creditors Regulators What does "independent" mean in the context of assurance services? - The person performing the service is not involved with the creation of the infor...

WGU D215 Auditing Pre-test | Latest 2023/24 | Updated & Verified | Guaranteed Success | 26 Pages Last document update:   ago

1. Which type of work performed by a CPA is an attestation service? Risk advisory Website security assurance Data integrity Financial statement review - Financial statement review 2. Which entity may obtain audited financial statements to ensure a company is complying with industry regulations? Lenders Consumers Governments General public - Governments 3. Which group performs an audit and review of financial statements to ensure financial statement users' needs are met? Internal...