NEW 2025 WGU D215 AUDITING PRE-TEST
QUESTIONS WITH VERIFIED ANSWERS
1.
What type of work is performed by a CPA is an attestation service?
Risk advisory
Website security assurance
Data integrity
Financial statement review - ANSWER Financial statement review
2.
Who are able to obtain audited financial statements to ensure that a company is
complying with industry regulations?
Lenders
Consumers
Governments
General public - ANSWER Governments
3.
Who performs an audit and review of financial statements to ensure the
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
4.
,What type of report should be released if an auditor has determined that a
company has had effective internal controls over financial reporting for the
period being audited?
Adverse
Qualified
Disclaimer
Unqualified - ANSWER Unqualified
5.
A new CPA is aware of how accounting affects stakeholders.
Which professional trait is behind this awareness?
Level of expertise
Advanced certification
Professional judgment
Concern for the public interest - ANSWER Concern for the public interest
6.
Which provision of the AICPA Code of Professional Conduct articulates the
principles of ethical conduct that govern the professional responsibility of its
members?
Morals
Principles
Interpretations
Rules of conduct - ANSWER Principles
7.
A CPA firm provides tax services to a large automotive client. The client has
long demanded aggressive tax planning strategies year after year that the CPA is
not always comfortable with.
, While preparing the current year tax return, the client threatens to terminate the
relationship with the CPA firm if they continue disagreeing with the strategies
being proposed.
What type of threat to ethical decision-making is presented by this action?
Self-review
Self-interest
Adverse interest
Undue influence - ANSWER Undue influence
8.
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
9.
A large client asks a CPA firm for consulting services on their quarterly sales
and use tax returns. The CPA firm is an audit and tax preparation expert and has
never performed this type of work but would like to branch out into it. The firm
decides to accept the engagement.
Which action is required to provide ongoing compliance with the overall
standards of the AICPA Code of Professional Conduct?
QUESTIONS WITH VERIFIED ANSWERS
1.
What type of work is performed by a CPA is an attestation service?
Risk advisory
Website security assurance
Data integrity
Financial statement review - ANSWER Financial statement review
2.
Who are able to obtain audited financial statements to ensure that a company is
complying with industry regulations?
Lenders
Consumers
Governments
General public - ANSWER Governments
3.
Who performs an audit and review of financial statements to ensure the
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
4.
,What type of report should be released if an auditor has determined that a
company has had effective internal controls over financial reporting for the
period being audited?
Adverse
Qualified
Disclaimer
Unqualified - ANSWER Unqualified
5.
A new CPA is aware of how accounting affects stakeholders.
Which professional trait is behind this awareness?
Level of expertise
Advanced certification
Professional judgment
Concern for the public interest - ANSWER Concern for the public interest
6.
Which provision of the AICPA Code of Professional Conduct articulates the
principles of ethical conduct that govern the professional responsibility of its
members?
Morals
Principles
Interpretations
Rules of conduct - ANSWER Principles
7.
A CPA firm provides tax services to a large automotive client. The client has
long demanded aggressive tax planning strategies year after year that the CPA is
not always comfortable with.
, While preparing the current year tax return, the client threatens to terminate the
relationship with the CPA firm if they continue disagreeing with the strategies
being proposed.
What type of threat to ethical decision-making is presented by this action?
Self-review
Self-interest
Adverse interest
Undue influence - ANSWER Undue influence
8.
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
9.
A large client asks a CPA firm for consulting services on their quarterly sales
and use tax returns. The CPA firm is an audit and tax preparation expert and has
never performed this type of work but would like to branch out into it. The firm
decides to accept the engagement.
Which action is required to provide ongoing compliance with the overall
standards of the AICPA Code of Professional Conduct?
