Auditing and Assurance Services Ch 19
Questions with verified answers
Which QQof QQthe QQfollowing QQagencies/organizations QQgovern QQthe QQindependence
QQrules QQfor QQaudits QQof QQpublic QQcompanies?
QQA) QQAICPA.
QQB) QQPublic QQCompany QQAccounting QQOversight QQBoard.
QQC) QQFASB.
QQD) QQAuditing QQStandards QQBoard QQ[ASB]. QQ- QQB
A QQCPA QQis QQaware QQthat QQa QQsole QQproprietor QQclient QQhas QQ"skimmed" QQunrecorded
QQcash QQreceipts QQand QQthus QQnot QQreported QQthem QQto QQthe QQInternal QQRevenue
QQService. QQIf QQthe QQCPA QQsigns QQthe QQentity's QQtax QQreturn QQas QQa QQCPA QQafter
QQpreparing QQthe QQreturn, QQhe/she QQwould QQbe QQviolating QQwhich QQAICPA QQRule QQof
QQConduct?
QQA) QQRule QQ101 QQIndependence.
QQB) QQRule QQ102 QQIntegrity QQ& QQObjectivity.
QQC) QQRule QQ203 QQAccounting QQPrinciples.
QQD) QQRule QQ301 QQConfidential QQClient QQInformation. QQ- QQB
A QQCPA, QQwhile QQperforming QQan QQaudit, QQstrives QQto QQachieve QQindependence QQin
QQappearance QQin QQorder QQto
A) QQReduce QQrisk QQand QQliability.
B) QQComply QQwith QQthe QQgenerally QQaccepted QQstandards QQof QQfieldwork.
C) QQBecome QQindependent QQin QQfact.
D) QQMaintain QQpublic QQconfidence QQin QQthe QQprofession. QQ- QQD
A QQviolation QQof QQthe QQprofession's QQethical QQstandards QQis QQmost QQlikely QQto QQoccur
QQwhen QQa QQCPA
A) QQIssues QQan QQunqualified QQopinion QQon QQan QQentity's QQfinancial QQstatements QQwhen
QQfees QQfor QQthe QQprior QQyear QQaudit QQhave QQnot QQbeen QQpaid QQin QQfull.
B) QQServes QQas QQan QQhonorary QQmember QQof QQthe QQboard QQof QQdirectors QQof QQa
QQcharitable QQorganization QQfor QQwhich QQhe QQor QQshe QQalso QQaudits QQthe QQentity's
QQfinancial QQstatements.
C) QQArranges QQwith QQa QQfinancial QQinstitution QQto QQcollect QQnotes QQissued QQby QQa QQclient
QQin QQpayment QQof QQfees QQdue.
Questions with verified answers
Which QQof QQthe QQfollowing QQagencies/organizations QQgovern QQthe QQindependence
QQrules QQfor QQaudits QQof QQpublic QQcompanies?
QQA) QQAICPA.
QQB) QQPublic QQCompany QQAccounting QQOversight QQBoard.
QQC) QQFASB.
QQD) QQAuditing QQStandards QQBoard QQ[ASB]. QQ- QQB
A QQCPA QQis QQaware QQthat QQa QQsole QQproprietor QQclient QQhas QQ"skimmed" QQunrecorded
QQcash QQreceipts QQand QQthus QQnot QQreported QQthem QQto QQthe QQInternal QQRevenue
QQService. QQIf QQthe QQCPA QQsigns QQthe QQentity's QQtax QQreturn QQas QQa QQCPA QQafter
QQpreparing QQthe QQreturn, QQhe/she QQwould QQbe QQviolating QQwhich QQAICPA QQRule QQof
QQConduct?
QQA) QQRule QQ101 QQIndependence.
QQB) QQRule QQ102 QQIntegrity QQ& QQObjectivity.
QQC) QQRule QQ203 QQAccounting QQPrinciples.
QQD) QQRule QQ301 QQConfidential QQClient QQInformation. QQ- QQB
A QQCPA, QQwhile QQperforming QQan QQaudit, QQstrives QQto QQachieve QQindependence QQin
QQappearance QQin QQorder QQto
A) QQReduce QQrisk QQand QQliability.
B) QQComply QQwith QQthe QQgenerally QQaccepted QQstandards QQof QQfieldwork.
C) QQBecome QQindependent QQin QQfact.
D) QQMaintain QQpublic QQconfidence QQin QQthe QQprofession. QQ- QQD
A QQviolation QQof QQthe QQprofession's QQethical QQstandards QQis QQmost QQlikely QQto QQoccur
QQwhen QQa QQCPA
A) QQIssues QQan QQunqualified QQopinion QQon QQan QQentity's QQfinancial QQstatements QQwhen
QQfees QQfor QQthe QQprior QQyear QQaudit QQhave QQnot QQbeen QQpaid QQin QQfull.
B) QQServes QQas QQan QQhonorary QQmember QQof QQthe QQboard QQof QQdirectors QQof QQa
QQcharitable QQorganization QQfor QQwhich QQhe QQor QQshe QQalso QQaudits QQthe QQentity's
QQfinancial QQstatements.
C) QQArranges QQwith QQa QQfinancial QQinstitution QQto QQcollect QQnotes QQissued QQby QQa QQclient
QQin QQpayment QQof QQfees QQdue.
