AICPA每日一练之AUD【2016-2-24】

高顿网校2016-02-24 08:56Lynn.yu
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Which of the following accounting services may an accountant perform without being required to issue a compilation or review report under the Statements on Standards for Accounting and Review Services?

I. Preparing a working trial balance.

II. Preparing standard monthly journal entries.

a. I only.

b. II only.

c. Both I and II.

d. Neither I nor II.

Answer:C

(c) The requirement is to determine which of the two listed accounting services an accountant may perform without being required to issue a compilation or review report under the Statements on Standards for Accounting and Review Services. Answer (c) is correct because the Statements on Standards for Accounting and Review Ser vices do not apply to preparing a working trial balance or to preparing standard monthly journal entries. See SSARS for these and additional circumstances in which the standards do not apply. Accordingly, no compilation or review report needs to be issued when these services are provided.

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