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Change in accounting principle, such as a change from LIFO to FIFO.

Change in reporting entity, such as the inclusion of an additional company in combined financial statements.

Change in an estimate, such as a decrease in the life of an asset for depreciation purposes.

Correction of errors by changing from non-GAAP to GAAP.

no report title is included on the report.

a one-paragraph audit report is issued.

the only reason cited for issuing the disclaimer is the lack of independence

all of the above are correct.

someone who has passed a qualifying exam to enter the job market.

a person who is expected to conduct himself or herself at a higher level than the requirements of society’s laws or regulations.

any person who receives pay for the services performed.

someone who has both an education in the trade and on-the-job experience received under an experienced supervisor.

dependent child.

spouse.

non-dependent grandfather.

All of the above are examples of indirect ownership.

The auditor’s responsibility to follow PCAOB standards is greater than the responsibility for confidentiality.

Information that a CPA obtains from a client is generally not privileged.

When a CPA firm conducts an AICPA-authorized peer review of the quality controls of another CPA firm, permission of the client is not needed to examine audit documentation.

A CPA firm which observes substandard audit documentation of another firm can initiate a complaint of substandard performance with the AICPA Ethics Division trial board notwithstanding the confidentiality rule.

Scope and Nature of Services.

Integrity.

Due Care

The Public Interest

At least one of the partners must be a member of the AICPA.

All partners must be members of the AICPA.

The partners whose names appear in the firm name must be members of the AICPA.

A majority of the partners must be members of the AICPA

whichever rules are less restrictive.

whichever rules are more restrictive.

the rules of the AICPA.

the rules of the state’s board of accountancy.

Non-audit services that are not prohibited by Sarbanes-Oxley or the SEC rules must be approved by management of the client.

Non-audit services that are not prohibited by Sarbanes-Oxley or the SEC rules must be approved by staff of the PCAOB.

Non-audit services that are not prohibited by Sarbanes-Oxley or the SEC rules must be approved by staff of the PCAOB and the SEC.

Non-audit services that are not prohibited by Sarbanes-Oxley or the SEC rules must be approved by the company’s audit committee.

prescribe specific auditing procedures to detect fraud concerning inventories and accounts receivable of companies engaged in interstate commerce.

deny lack of privity as a defense in third-party actions for gross negligence against the auditors of public companies.

determine accounting principles for the purpose of financial reporting by companies offering securities to the public.

require a change of auditors of governmental entities after a given period of years as a means of ensuring auditor independence.

letters of representation

confirmation letters

engagement letters.

billet doux letters

has failed to establish legal standing before the court.

does not have privity of contract and is unknown to the contracting parties.

does not have privity of contract, but is known to the contracting parties and intended to benefit under the contract.

may establish legal standing before the court after a contract has been consummated.

Lack of duty.

Non-negligent performance.

Contributory negligence.

Absence of causal connections.

sanction members for improper conduct and performance.

deal only with clients possessing integrity.

hire qualified auditors and train and supervise them.

perform quality audits.

Absence of reasonable care.

Lack of slight care.

Knowledge and intent to deceive.

Extreme or unusual negligence without the intent to deceive.

disputes over income tax preparation services.

disputes arising in the performance of MAS contracts

disputes over the accuracy of bookkeeping services.

audited and unaudited financial statements.

provide sufficient reliable information to the investing public who purchases securities in the marketplace.

establish the qualifications for accountants who are members of the profession.

eliminate incompetent attorneys and accountants who participate in the registration of securities to be offered to the public.

provide a set of uniform standards and tests for accountants, attorneys, and others who practice before the Securities and Exchange Commission.

a. has not performed a satisfactory audit.

b. is not satisfied that the financial statements are presented fairly.

c. either a or b.

d. none of these.