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Exam AUD topic 1 question 228 discussion

Actual exam question from AICPA's AUD
Question #: 228
Topic #: 1
[All AUD Questions]

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.
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Suggested Answer: C 🗳️
Choice "C" is correct. An accountant can prepare a working trial balance and prepare standard monthly journal entries without being required to issue a compilation or review report under the SSARS as long as the performance of these services does not carry forward into the submission of financial statements.
Choice "A" is incorrect. Monthly journal entries can be prepared.
Choice "B" is incorrect. A working trial balance can be prepared.
Choice "D" is incorrect. Both of these services can be rendered as long as they do not carry forward into the preparation of financial statements.
by gemazyni at April 5, 2025, 4:21 p.m.

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