Bookkeeping Certification
The review of financial statements to assess their fairness and
adherence to GAAP is - ANSWER auditing
An independent accountant who performs financial audits is a -
ANSWER Certified Public Accountant (CPA)
To become a CPA, an individual - ANSWER
must have a certain number of college credits in accounting courses.
pass the Uniform CPA Examination.
fulfill the experience requirements of the state of practice.
,Which of the following is not a service typically provided by a public
accounting firms? - ANSWER Investing
services
The entity that has final authority over the financial reporting of
publicly owned corporations is the - ANSWER
Securities and Exchange Commission (SEC).
Which of the following is not a provision of the Sarbanes-Oxley Act? -
ANSWER The Sarbanes-Oxley Act allows
accountants from offering a broad range of consulting services to
publicly traded companies that they audit.
,The following are all government agencies except - ANSWER
American Institute of Certified Public Accountants (AICPA).
The following are all characteristics of a sole proprietorship except: -
ANSWER A sole proprietorship is legally separate
from its owner.
The financial statements submitted by a corporation to the SEC include
the auditor's report. The auditor's report: - ANSWER
confirms that the financial information is prepared in conformity with
generally accepted accounting principles.
, The group of accounting educators who perform research to determine
the possible effects on financial reporting and the economy and then
offer their opinions about proposed FASB statements is the -
ANSWER American Accounting Association
(AAA).
When J. Simmons, the owner, invests in her business, the transaction
would be entered on the - ANSWER right
side of the J. Simmons, Capital T account.
The review of financial statements to assess their fairness and
adherence to GAAP is - ANSWER auditing
An independent accountant who performs financial audits is a -
ANSWER Certified Public Accountant (CPA)
To become a CPA, an individual - ANSWER
must have a certain number of college credits in accounting courses.
pass the Uniform CPA Examination.
fulfill the experience requirements of the state of practice.
,Which of the following is not a service typically provided by a public
accounting firms? - ANSWER Investing
services
The entity that has final authority over the financial reporting of
publicly owned corporations is the - ANSWER
Securities and Exchange Commission (SEC).
Which of the following is not a provision of the Sarbanes-Oxley Act? -
ANSWER The Sarbanes-Oxley Act allows
accountants from offering a broad range of consulting services to
publicly traded companies that they audit.
,The following are all government agencies except - ANSWER
American Institute of Certified Public Accountants (AICPA).
The following are all characteristics of a sole proprietorship except: -
ANSWER A sole proprietorship is legally separate
from its owner.
The financial statements submitted by a corporation to the SEC include
the auditor's report. The auditor's report: - ANSWER
confirms that the financial information is prepared in conformity with
generally accepted accounting principles.
, The group of accounting educators who perform research to determine
the possible effects on financial reporting and the economy and then
offer their opinions about proposed FASB statements is the -
ANSWER American Accounting Association
(AAA).
When J. Simmons, the owner, invests in her business, the transaction
would be entered on the - ANSWER right
side of the J. Simmons, Capital T account.
