A practitioner is engaged to express an opinion on management's assertion that the square footage of a warehouse offered for sale is 150,000 square feet. The practitioner should refer to which of the following sources for professional guidance?
A)Statement of Auditing Standards.
B)Statements on Standards for Attestation Engagements.
C)Statements on Standards for Accounting and Review Services.
D)Statements on Standards for Consulting Services.

Question

Quizplus · Accepted Answer

The practitioner is engaged to express an opinion on management's assertion, which falls under the category of attestation engagements. Therefore, the practitioner should refer to the Statements on Standards for Attestation Engagements (SSAEs) for professional guidance on this matter. Statements of Auditing Standards (SASs), Statements on Standards for Accounting and Review Services (SSARSs), and Statements on Standards for Consulting Services (SSCSs) do not apply to this situation.

A Practitioner Is Engaged to Express an Opinion on Management's