PCAOB, SEC, AND IMA ETHICS
STANDARDS QUESTIONS & ANS!!
1 of
20
Term
Which entity is responsible for establishing auditing
and related professional practice standards for
registered public accounting
firms to follow in the preparation of audit reports for
publicly traded
companies?
Give this one a try later!
PCAOB (Public Company Forensic and Valuation Services
Accounting Oversight Board) Executive Committee
, Sec (securities and Recognize and Define The Ethical
exchange commission) Issue
Don't know?
2 of 20
Term
The Supplemental Standards of Ethical Conduct for
members and employees of the SEC have prohibited or
restricted which activities?
Give this one a try later!
1. Prohibited and restricted financial interests and transactions
2.Outside employment and activities
3. Fiduciary relationships (e.g., trustee, executor, or corporate director)
1. Personal and financial conflicts of interest
2.Financial disclosure
3.Gifts
4. Securities holdings and transactions of Commission employees and
their immediate families
5. Seeking and negotiating other employment
6.Outside activities
, 1. Maintain an appropriate level of professional leadership and
expertise by enhancing knowledge and skills
2.Perform professional duties in accordance with relevant laws, regulations,
and technical standards
3. Provide decision support information and recommendations that are
accurate, clear, concise, and timely
1. Auditing Standards
2.Attestation Standards
3. Ethics and Independence Rules
4. Quality Control Standards
5.Auditing Interpretations
Don't
know?
3 of 20
Term
What are the IMA Standards that members are expected to
follow?
Give this one a try later!
1. Compete 1. Honesty
nce
2.Fairness
2.Confidentiality
3.Objectivity
3. Integrity
STANDARDS QUESTIONS & ANS!!
1 of
20
Term
Which entity is responsible for establishing auditing
and related professional practice standards for
registered public accounting
firms to follow in the preparation of audit reports for
publicly traded
companies?
Give this one a try later!
PCAOB (Public Company Forensic and Valuation Services
Accounting Oversight Board) Executive Committee
, Sec (securities and Recognize and Define The Ethical
exchange commission) Issue
Don't know?
2 of 20
Term
The Supplemental Standards of Ethical Conduct for
members and employees of the SEC have prohibited or
restricted which activities?
Give this one a try later!
1. Prohibited and restricted financial interests and transactions
2.Outside employment and activities
3. Fiduciary relationships (e.g., trustee, executor, or corporate director)
1. Personal and financial conflicts of interest
2.Financial disclosure
3.Gifts
4. Securities holdings and transactions of Commission employees and
their immediate families
5. Seeking and negotiating other employment
6.Outside activities
, 1. Maintain an appropriate level of professional leadership and
expertise by enhancing knowledge and skills
2.Perform professional duties in accordance with relevant laws, regulations,
and technical standards
3. Provide decision support information and recommendations that are
accurate, clear, concise, and timely
1. Auditing Standards
2.Attestation Standards
3. Ethics and Independence Rules
4. Quality Control Standards
5.Auditing Interpretations
Don't
know?
3 of 20
Term
What are the IMA Standards that members are expected to
follow?
Give this one a try later!
1. Compete 1. Honesty
nce
2.Fairness
2.Confidentiality
3.Objectivity
3. Integrity
