Question

Nile, CPA, on completing an audit, was asked by the client to provide technical assistance in integrating a new IT system. The set of pronouncements designed to guide Nile in this engagement is the Statement(s) on:

a. Auditing Standards
b. Standards for Consulting Services
c. Standards for Attestation Engagements
d. Standards for Information Technology Consulting

Answer 1

The set of pronouncements designed to guide Nile, a CPA providing technical assistance in IT integration, is the Standards for Consulting Services. These standards ensure that professionals provide high-quality and ethical consulting services.

Step-by-step explanation:

When Nile, a CPA, is asked to provide technical assistance in integrating a new IT system, the set of pronouncements designed to guide Nile in this engagement is the Standards for Consulting Services. These standards provide the framework for CPAs in the performance of their professional responsibilities when they are engaged to provide consultancy on matters like IT integration.

It is important for Nile to adhere to these standards to ensure professionalism, quality of service, and compliance with ethical guidelines. Introducing a new IT system is a consulting service, which is not the same as an attest service where one might use the Standards for Attestation Engagements, nor is it an audit service which applies the Statements on Auditing Standards.