1
Auditing - D215 - WGU Questions with
Correct Answers | Updated (100% Correct
Answers)
Which type of report should be issued if an auditor has determined
that a company has maintained effective internal controls over
financial reporting for the period under audit?
Adverse
Qualified
Disclaimer
Unqualified Answer: Unqualified
Which type of work performed by a CPA is an attestation service?
Risk advisory
Website security assurance
Data integrity
Financial statement review Answer: Financial statement review
Which entity may obtain audited financial statements to ensure a
company is complying with industry regulations?
© 2025 All rights reserved
,2
Lenders
Consumers
Governments
General public Answer: Governments
Which group performs an audit and review of financial statements
to ensure financial statement users' needs are met?
Internal auditors
The Internal Revenue Service (IRS)
Independent third-party auditors
The Financial Accounting Standards Board (FASB) Answer:
Independent third-party auditors
A new CPA is aware of how accounting affects stakeholders. Which
characteristic of professionalism is motivating this awareness?
Level of expertise
Advanced certification
Professional judgment
© 2025 All rights reserved
,3
Concern for the public interest Answer: Concern for the public
interest
Which component of the AICPA Code of Professional Conduct
provides the tenets of ethical conduct that govern the professional
responsibility of its members?
Morals
Principles
Interpretations
Rules of conduct Answer: Principles
A CPA firm provides tax services for a large automotive client. Over
the years, the client has continually pushed for aggressive tax
strategies that the CPA does not always agree with. While
performing the current year tax return, the client threatens to
discontinue the relationship with the CPA firm if they continue to
disagree with the strategies presented. Which type of threat to
ethical decision-making is demonstrated by this practice?
Self-review
Self-interest
Adverse interest
© 2025 All rights reserved
, 4
Undue influence Answer: Undue influence
A CPA has prepared a couple's joint tax returns for 10 years, but the
couple is now experiencing a complicated divorce where both
parties wish to claim the same child as a dependent. The CPA
agrees to work with both clients on their tax returns. Which
standard of the AICPA Code of Professional Conduct is being
violated by this CPA's action?
Independence
Contingent Fees
Accounting Principles
Integrity and Objectivity Answer: Integrity and Objectivity
A large client asks a CPA firm for consulting help with their
quarterly sales and use tax reporting. The CPA firm specializes in
audit and tax preparation and has not dealt with this type of work
in the past but would like to add it. The firm decides to accept the
job. Which step is required to maintain compliance with the general
standards of the AICPA Code of Professional Conduct?
The CPA firm must send the CPAs to a continuing professional
education course on sales and use tax reporting.
© 2025 All rights reserved
Auditing - D215 - WGU Questions with
Correct Answers | Updated (100% Correct
Answers)
Which type of report should be issued if an auditor has determined
that a company has maintained effective internal controls over
financial reporting for the period under audit?
Adverse
Qualified
Disclaimer
Unqualified Answer: Unqualified
Which type of work performed by a CPA is an attestation service?
Risk advisory
Website security assurance
Data integrity
Financial statement review Answer: Financial statement review
Which entity may obtain audited financial statements to ensure a
company is complying with industry regulations?
© 2025 All rights reserved
,2
Lenders
Consumers
Governments
General public Answer: Governments
Which group performs an audit and review of financial statements
to ensure financial statement users' needs are met?
Internal auditors
The Internal Revenue Service (IRS)
Independent third-party auditors
The Financial Accounting Standards Board (FASB) Answer:
Independent third-party auditors
A new CPA is aware of how accounting affects stakeholders. Which
characteristic of professionalism is motivating this awareness?
Level of expertise
Advanced certification
Professional judgment
© 2025 All rights reserved
,3
Concern for the public interest Answer: Concern for the public
interest
Which component of the AICPA Code of Professional Conduct
provides the tenets of ethical conduct that govern the professional
responsibility of its members?
Morals
Principles
Interpretations
Rules of conduct Answer: Principles
A CPA firm provides tax services for a large automotive client. Over
the years, the client has continually pushed for aggressive tax
strategies that the CPA does not always agree with. While
performing the current year tax return, the client threatens to
discontinue the relationship with the CPA firm if they continue to
disagree with the strategies presented. Which type of threat to
ethical decision-making is demonstrated by this practice?
Self-review
Self-interest
Adverse interest
© 2025 All rights reserved
, 4
Undue influence Answer: Undue influence
A CPA has prepared a couple's joint tax returns for 10 years, but the
couple is now experiencing a complicated divorce where both
parties wish to claim the same child as a dependent. The CPA
agrees to work with both clients on their tax returns. Which
standard of the AICPA Code of Professional Conduct is being
violated by this CPA's action?
Independence
Contingent Fees
Accounting Principles
Integrity and Objectivity Answer: Integrity and Objectivity
A large client asks a CPA firm for consulting help with their
quarterly sales and use tax reporting. The CPA firm specializes in
audit and tax preparation and has not dealt with this type of work
in the past but would like to add it. The firm decides to accept the
job. Which step is required to maintain compliance with the general
standards of the AICPA Code of Professional Conduct?
The CPA firm must send the CPAs to a continuing professional
education course on sales and use tax reporting.
© 2025 All rights reserved
