Auditing - D215 - WGU Questions and Answers
Which type of report should be Unqualified
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
Which type of work performed by a Financial statement review
CPA is an attestation service?
Risk advisory
Website security assurance
Data integrity
Financial statement review
,Which entity may obtain audited Governments
financial statements to ensure a
company is complying with industry
regulations?
Lenders
Consumers
Governments
General public
Which group performs an audit and Independent third-party auditors
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)
A new CPA is aware of how Concern for the public interest
accounting affects stakeholders.
Which characteristic of
professionalism is motivating this
awareness?
Level of expertise
Advanced certification
Professional judgment
Concern for the public interest
,Which component of the AICPA Principles
Code of Professional Conduct
provides the tenets of ethical
conduct that govern the professional
responsibility of its members?
Morals
Principles
Interpretations
Rules of conduct
A CPA firm provides tax services for Undue influence
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
Undue influence
, A CPA has prepared a couple's joint Integrity and Objectivity
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
Which type of report should be Unqualified
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
Which type of work performed by a Financial statement review
CPA is an attestation service?
Risk advisory
Website security assurance
Data integrity
Financial statement review
,Which entity may obtain audited Governments
financial statements to ensure a
company is complying with industry
regulations?
Lenders
Consumers
Governments
General public
Which group performs an audit and Independent third-party auditors
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)
A new CPA is aware of how Concern for the public interest
accounting affects stakeholders.
Which characteristic of
professionalism is motivating this
awareness?
Level of expertise
Advanced certification
Professional judgment
Concern for the public interest
,Which component of the AICPA Principles
Code of Professional Conduct
provides the tenets of ethical
conduct that govern the professional
responsibility of its members?
Morals
Principles
Interpretations
Rules of conduct
A CPA firm provides tax services for Undue influence
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
Undue influence
, A CPA has prepared a couple's joint Integrity and Objectivity
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
