Question 1

            Congress authorized which of the following organizations to establish generally accepted accounting principles for public companies?

Answer                                   

Question 2

            As it relates to an audit, materiality is

Answer                                   

Question 3

            The audit committee of the board of directors of a company is responsible for

Answer                                                           

Question 4

            An audit which has as its purpose the evaluation of the economy and efficiency with which resources are employed is known as a(n)

Question 5

            What is the criteria used in an operational audit?

Question 6

            The organization that issued the Internal Control, Integrated Framework which serves as the primary criterion for evaluating the quality of a company’s internal control system is

Question 7

            The AICPA remains a valuable organization because of its continuing involvement in  

education and administration of the CPA exam.

Question 8

 

           

            Auditing is important in a free market society because

Question 9

            The criteria against which the auditor measures the fairness of financial statement presentation are known as

Question 10

            The Certified Internal Auditor program is administered by the

Question 11

            Which of the following are the CEO and CFO of a public company prohibited from performing under the Sarbanes-Oxley Act of 2002?

Question 12

            According to the Sarbanes-Oxley Act of 2002, how often must audit managers and partners rotate off an engagement of a public company?

Question 13

            Corporate governance is a process by which the owners and creditors of an organization

Question 14

            A proper system of corporate governance is one that demands

Question 15

            The organization that will continue to set auditing standards for firms auditing private companies is the

Question 16

            The responsibility for operating an enterprise is delegated to the:

Question 17

            The audit client of the CPA firm is:

Question 18

 

           

            An audit committee must be comprised of outside directors and at least one outside financial expert.  Which of the following is considered an outside director?

Question 19

            Section 304 of the Sarbanes-Oxley Act requires executives to forfeit any bonus or incentive-based pay or profits (including stock options) from the sale of stock received in the twelve months prior to an earnings restatement. This is often referred to as:

Question 20

            The Public Company Accounting Oversight Board was established by:

Question 21

            Which of the following describes a situation in which an individual is morally or ethically required to do something that conflicts with his or her immediate self-interest?

Question 22

            An auditor that has an attitude that includes a questioning mind and a critical assessment of audit evidence is considered which of the following?

Question 23

            A CPA may only practice public accounting in which of the following forms?

Question 24

            Which of the following describes a  situation in which moral duties or obligations conflict and one action is not necessarily the correct action?

Question 25

            William Tyler, CPA, may not accept a commission for recommending a product or service to which type of client?

Question 26

            Independence is not required for which of the following types of services?

Question 27

            Members of the AICPA are required to act with integrity and objectivity for which of the following engagements?

                                   

•           Question 28

 

           

            A CPA firm is considered independent when it performs which of the following services for a publicly traded audit client?

Question 29

            Which one of the following is an example of a conflict of interest for a CPA?

Question 30

            Information about a client that cannot be subpoenaed by a court of law is referred to as what type of information?

           

 

 

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Status NEW Posted 11 May 2017 12:05 AM My Price 20.00

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