Chapter 19 - Additional assurance services: Historical financial information. This chapter described CPA services on historical financial information other than audits of corporation financial statements in accordance with . generally accepted accounting principles. | Additional Assurance Services: Historical Financial Information Chapter 19 1 Types of Attestation Engagements Examinations Reviews Agreed-upon procedures 19- 2 Special Reports Reports on financial statements prepared in accordance with a comprehensive basis of accounting other than GAAP. Reports on specified elements, accounts, or items of financial statements. Reports on compliance with aspects of contractual agreements or regulatory requirements related to audited financial statements. Reports on financial presentations to comply with contractual or regulatory provisions. Reports on audited financial information presented in prescribed forms or schedules that require a prescribed form of auditors’ report. 19- 3 3 Introductory Paragraph We have audited the accompanying statement of assets and liabilities arising from cash transactions of XYZ Company as of December 31, 20X1, and the related statement of revenue collected and expenses paid for the year then ended. These . | Additional Assurance Services: Historical Financial Information Chapter 19 1 Types of Attestation Engagements Examinations Reviews Agreed-upon procedures 19- 2 Special Reports Reports on financial statements prepared in accordance with a comprehensive basis of accounting other than GAAP. Reports on specified elements, accounts, or items of financial statements. Reports on compliance with aspects of contractual agreements or regulatory requirements related to audited financial statements. Reports on financial presentations to comply with contractual or regulatory provisions. Reports on audited financial information presented in prescribed forms or schedules that require a prescribed form of auditors’ report. 19- 3 3 Introductory Paragraph We have audited the accompanying statement of assets and liabilities arising from cash transactions of XYZ Company as of December 31, 20X1, and the related statement of revenue collected and expenses paid for the year then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. Audit Report--Cash Basis 19- Scope Paragraph We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. Audit Report--Cash Basis 19- Basis of Accounting and Opinion Paragraphs As described in Note 1, these financial statements were prepared on the basis of cash receipts .
