ACC 562 EDU Education Terms/acc562edu.com ACC 562 EDU Education Terms/acc562edu.com | 页面 4

False
16. Auditors will perform an analysis of leases using SFAS 13 criteria
and other EITF statements to substantiate the accounting treatment.
(Points: 4)
True
False
17. Contingencies are considered by the auditor in relation to the
SFAS No. 5 criteria to determine whether material contingencies exist
with the client and, if so, that they are properly accrued or disclosed.
(Points: 4)
True
False
18. An example of a Type II Subsequent Event includes the settlement
two months after year-end of a liability for an amount well in excess of
the amount that was accrued at year-end. (Points: 4)
True
False
19. A report on agreed-upon procedures issued by accountants
provides the lowest form of attestation assurance. (Points: 4)
True
False
20. The need for assurance services arises for all of the following
reasons EXCEPT: (Points: 4)
potential bias in providing information.