Professional Responsibilities : CODE OF PROFESSIONAL CONDUCT

Wiley: Which of the following best describes what is meant by the term Generally accepted auditing standards?

For which of the ff. can a member of the AICPA received an automatic expulsion from the AICPA? 1. Member is convicted of a felony. 2. Member files his own fraudulent tax return. 3. member files fraudulent tax return for client knowing that is fraudulent.

Which of the ff. is an example of a safeguard implemented by the client that might mitigate a threat to independence?

Which of the following is a "self review" threat to member independence ?

According to the standards of the profession, which of the of the ff. circumstances will prevent CPA performing audit engagements from being independent?

The professions ethical standards most likely would be considered to have been violated when a CPA represents that specific consulting services will be performed for a stated fee and is apparent at the time of the representation that the:

According to the ethical standards of the profession, which of the ff acts is generally prohibited?

According to the professions ethical standards , which of the following events may justify a departure from a statement of a Statement of the Governmental Accounting Standards Board?

MAY a CPA hire for the CPA's public accounting firm a non-CPA system analyst who specializes in developing computer system?

Stepanie Seals is a CPA who is working as a controller for Brentwood Corporation. She is not in public practice. Which statement is true?

According to the standards pf the profession, which of the ff. activities would most likely NOT impair a CPA's independence?

Which of the ff. reports maybe issued only by an accountant who is independent of a client?

According to the standards of the profession, which of the ff. activities may be required in exercising due care?

Larry Sampson is a CPA and is serving as an expert witness in a trial concerning a corporations financial statements. Which of the ff. is (are) True? 1. Sampson's status as an expert witness is based upon his specialized knowledge, experience, and training; 2. Sampson is required by AICPA ruling to present his position objectively; 3. Sampson may regard himself as acting as an advocate.

According to the ethical standards of the profession, which of the ff. act is generally prohibited?

To exercise due professional care an auditor should :

Kar, CPA, is a staff auditor participating in the audit engagement of Fort, Inc. Which of the ff. circumstances impairs Kar's independence?

On June 1, 2008, a CPA obtained a $100,000 personal loan from a financial institution client for whom the CPA provided compilation services. The load was fully secured and considered material to the CPA's net worth. The CPA paid the loan in full on December 31, 2009. Is he CPA considered independent with respect to the audit of the clients December 31, 2009 financial statements?

Which of the following statements is (are) correct regarding a CPA employee of a CPA firm taking copies of information contained in the clients files when the CPA leaves the firm? 1. a CPA leaving a firm may take copies of information contained in clients files to assist another firm in serving that client; 2. a CPA leaving a firm may take copies of information contained in clients files as a method of gaining technical expertise.

Which of the following statement is correct regarding an accountant's working paper?

Which of the ff. is an authoritative body designated to promulgate attestation standards?

According to the profession's standards, which of the following would be considered consulting services?

According to the standards of Profession, which of the following events would require a CPA performing a consulting services engagement for a non audit client to draw from the engagement? 1. The CPA has a conflict of Interest that is disclosed to the client and the client consents to the CPA continuing the engagement. 2. The CPA fails to obtain a written understanding from the client concerning the scope of the engagement.

Which of the ff. services may a CPA perform in carrying out a consulting service for a client? 1. Analysis of the clients accounting system; 2. Review of the clients prepared business plan; 3. Preparation of information for obtaining financing.

Under the statements on standards for consulting services, which of the following statements best reflects a CPA's responsibility when undertaking a consulting services engagement? The CPA must:

Which of the following services is a CPA generally required to perform when conducting a personal financial planning engagement?

Under the Sabanes- Oxley Act, most audit working papers must be saved:

Passage of the Sarbanes-Oxley act led to the establishment of the:

Under title II of the Sarbanes-Oxley Act, the auditor of issuer cannot legally perform which type of services for that issuer?

The audit partner in charge of an audit of a public company may only:

which of the following is correct concerning membership on the Public Company Accounting Oversight Board?

The public company accounting oversights board (PCAOB) is not responsible for standards related to:

A PCAOB engagement that focuses on a selected quality control issue is most likely to be referred to as a(n):

Which of the statement below is correct concerning communicating the results of a PCAOB inspection?

INTERNATIONAL STANDARDS - ETHICAL: In relation to the AICPA code of professional conduct, the IFAC Code of Ethics for Professional Accountants:

Based on the IFAC Code of Ethics for Professional Accountants, threat to independence arise from all of the following, except:

If an audit firm discovers threats to independence with respect to an audit engagement, the IFAC Code of Ethics for Professional Accountants indicates that the firm should:

With respect to the acceptance of contingent fees for professional services, the IFAC code of Ethics for Professional Accountants indicates that the accounting firm:

With regard to marketing professional services, the IFAC Code of Ethics for Professional Accountants indicates that:

What body established international auditing standards?

Which of the ff. is not true about International Auditing Standards?

Which of the following is not true about international auditing standards?

Independence standards of the GAO for audits in accordance with generally accepted government auditing standards describe three types of impairments of independence. Which of the following is not one of these types of impairments?

In accordance with the independence standards of the GAO for performing audits in accordance with generally accepted government auditing standards, which of the following is not an example of an external impairment of independence.

Under the Independence standards of the GAO for performing audit in accordance with generally accepted government auditing standards, which of the following are over reaching principles for determining whether a nonaudit service impairs independence? 1. Auditor must not perform non audit services that involve performing management functions or making management decisions. 2. Auditors must not audit their own work or provided nonaudit services in situations in which the nonaudit services are significant or material to the subject matter of the audit. 3. Auditors must not perform non audit services which require independence.