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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.
closeness between a user and the organization.
complexity of the processing systems.
remoteness between a user and the organization.
21. Which one of the following is not part of the attest process?
(Points: 4)
evaluating evidence against objective criteria
gathering evidence about assertions
proving the accuracy of the books and records
communicating the conclusions reached

22. Users can reasonably expect audited financial statements to be
(Points: 4)
complete and contain all important financial disclosures, be free
from material misstatements and be presented fairly.