Homework Questions week 11.15Chan & Chow offer their clients a range of professional services, including:陈冠希为客户提供一系列专业服务，包括：a.Providing advice on accounting policies and accounting standards .就会计政策和会计准则提供建议b) Auditing annual financial reportsb） 审计年度财务报告c) Providing assistance to management and the board in strengthening internalcontrols and corporate governance practices.c） 协助管理层和董事会加强内部控制和公司治理做法。d) Providing assistance with the establishment and training of internal auditteams协助建立和培训内部审计小组e) Checking compliance with company policies and legislative regulations 检查公司政策和法规的遵守情况f) Reviewing half yearly financial reports lodged with ASIC ‐审查向ASIC提交的半年财务报告Required:For each of the services listed above, determine whether it is an assuranceengagement and explain 对于上面列出的每个服务，确定它是否是保证参与，并解释your answer.(a) No. Providing advice on accounting policies and accounting and auditingstandards is not an assurance engagement. There is no three party‐relationship, nor is it clear that there are always suitable criteria. Suchassistance would be a consulting activity.否。就会计政策、会计和审计标准提供建议不是保证。没有三党关系，也不清楚总是有合适的标准。这种援助将是一项咨询活动。(b) Yes. Audits of financial reports are an assurance engagement providing areasonable level of assurance.是。财务报告审计是一种保证，提供合理的保证水平。(c) No. Assisting management and the board to strengthen internal andcorporate governance is not an assurance engagement, it is a consulting
activity. There is no three party relationship, nor is it clear that there are‐suitable criteria.否协助管理层和董事会加强内部和公司治理不是一种保证参与，它是一项咨询活动。没有三党关系，也不清楚是否有适当的标准(d) No. Assisting in establishing and training internal audit teams is not anassurance engagement. There is no three party relationship, nor is it clear that‐there are suitable criteria. Such assistance would be constructed as aconsulting activity.