StatementsAnswer1. The two most essential qualities for a CPA to perform the attest function properly...
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StatementsAnswer The two most essential qualities for a CPA to perform the attest function properly are professional competence and independence To to information means to provide assurance as to its fairness and dependability.attest "Accounting and review services" is the term used by CPA firms to describe work done for small businesses that do not want audits, but periodically need the services of professional accountants. Such services often consist of the preparation, compilation or of financial statements.review Primary responsibility for audited financial statements rests with even though the statements may be drafted and processed in the auditors' office.staff assistants The is a governmental organization that regulates the sale of securitiesSecurities and Exchange Commission The regulates all accounting firms that audit public companies.Public Company Accounting Oversight Board Public accounting firms are organized as sole proprietorships, partnerships, professional corporations, or limited liability companies limited liability partnerships The professional staff of a typical public accounting firm includes partners, managers, senior auditors and management The AICPA requires members in public practice to obtain hours of every three years.continuing education An operational audit is a study of a unit of an organization to evaluate the efficiency and of the unit.effectiveness
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