300
Which of the following services is not an appropriate FAAS offering for a Channel 1 audit client?
(a). Provide guidance, observations and leading practices to clients regarding its adoption of the FASB’s new revenue recognition standard
(b). Assist the client in drafting its revised accounting policy on share-based payments
(c). Provide comments and recommendations on the client’s monthly financial statement close process
(d). Read and provide feedback on client’s whitepaper on accounting for a new lease
Answer:
(b). Assist the client in drafting its revised accounting policy on share-based payments