Tag (SQ): Compilation engagement

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AAA – L3 – SA – Q1.1 – Engagement Type

Type of engagement for preparing tax computation.

Question

If a firm of accountants is engaged to prepare a company’s tax computation, what sort of engagement is this?

A Compilation

B Review

C Limited assurance

D Agreed-upon procedures

Answer

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Tags: Assurance services, Compilation engagement, ICAG, Tax Computation
Level: Level 3

Topic: Assurance Services

AAA – L3 – Q49 – Audit-related services

Explain key characteristics of review, agreed-upon procedures, and compilation engagements.

Question

Explain the key characteristics of the following engagements:

A review engagement
Agreed-upon procedures
A compilation engagement

Answer

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Tags: Agreed-upon procedures, Assurance services, Compilation engagement, Non-Audit Services, Review engagement
Level: Level 3

Topic: Audit-Related Services

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