ExpertHard1 markMultiple Choice
CPA · Question 30 · Area IV: Reporting
In an examination engagement under SSAE (Attestation Standards), the practitioner's report must include:
In an examination engagement under SSAE (Attestation Standards), the practitioner's report must include:
Answer options:
A.
A statement that the practitioner is independent.
B.
A disclaimer of opinion.
C.
Negative assurance on the subject matter.
D.
A statement that the engagement was conducted in accordance with GAAS.
How to approach this question
Know the difference between GAAS (Audits) and SSAE (Attestation). Know Examination = Positive Assurance.
Full Answer
A.A statement that the practitioner is independent.✓ Correct
An examination engagement (SSAE) results in a positive opinion (Reasonable Assurance). The report must state that the practitioner is independent. It references SSAE standards, not GAAS. Negative assurance is for Reviews.
Common mistakes
Citing GAAS for an Attestation engagement.
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