Non Audit Services Provided by CPAs

Running head: AUDITING AND ASSURANCE
Auditing and assurance
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1AUDITING AND ASSURANCE
Table of Contents
Non audit services provided by CPAs.......................................................................................2
Non accounting firm competitors for non-audit services...........................................................2
Skills required for providing non-audit services........................................................................3
Choosing between providing non-audit service and audit of financial statements....................3
References..................................................................................................................................5

2AUDITING AND ASSURANCE
Non audit services provided by CPAs
Different on-audit services provided by the CPAs are as follows –
 Review service – the review service engagement helps the accountants in expressing
the limited assurances that financial statement are prepared in compliance with the
applicable accounting standards and includes disclosures those are appropriately
informative or the other comprehensive basis of accounting
(Archives.cpajournal.com, 2019).
 Compilation service – under compilation service the accountants apply the financial
and accounting reporting expertise for assisting the management in preparing the
financial statements and issuing the report to the client or to the 3rd party without
providing the CPA assurance regarding the statements Archives.cpajournal.com,
2019).
 Preparation service – under this, CPA is engaged by client for assisting or preparing
the financial statements or issuing the reports, even when financial statements are
intended to be used or provided to any 3rd party Archives.cpajournal.com, 2019).
Non accounting firm competitors for non-audit services
Apart from accounting firms the non-accounting firms those provides the non-audit services
are as follows –
 Tax and the tax compliance service who prepares tax forms, custom duties and payroll
tax
 Firms who promotes, deals or underwrites the shares of audited entity