Exam 13: Other Public Accounting Services

Which of the following is not a condition that must be met before an accountant can conduct an engagement concerning a nonpublic entity's internal control over financial reporting?

(Multiple Choice)

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Question 21

An accountant's standard internal control report for nonissuers is governed by

(Multiple Choice)

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Question 22

When an accountant is associated with a financial statement as part of a personal financial planning engagement,the accountant's report should include a statement that

(Multiple Choice)

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Question 23

To perform a review of interim financial information,the auditor must

(Multiple Choice)

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Question 24

Public accounting firms have consistently looked for additional services that might increase their profitability.To that end,CPAs can provide value to clients with assurance services. Required: Discuss each of the following topics. A.Describe two of the services identified by the AICPA. B.Why would the public prefer to have a public accounting firm as a provider of these services? C.What are the possible negative consequences for public accounting firms if they provide services outside the realm of traditional accounting services?

(Essay)

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Question 25

Many individuals are apprehensive about using the Internet to purchase items.This apprehension mainly arises from users' concerns about

(Multiple Choice)

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Question 26

A review service engagement involving unaudited financial statements involves

(Multiple Choice)

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Question 27

The reporting standards for an attestation are different from those of an audit because attestation standards require

(Multiple Choice)

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Question 28

In a compilation engagement,

(Multiple Choice)

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Question 29

To perform an attestation engagement on prospective information or pro forma information,accountants must do all of the following except

(Multiple Choice)

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Question 30

For a compliance attestation engagement,the auditor accepts responsibility for compliance.

(True/False)

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Question 31

The ______________ requires the presentation of interim information outside the basic financial statements.

(Short Answer)

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Question 32

In a compilation engagement,the accountant explicitly states that __ and _ are expressed.

(Short Answer)

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Question 33

Management does not have to accept responsibility for the effectiveness of its internal control in order for an accountant to conduct an examination of a client's internal control.

(True/False)

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Question 34

When an accountant compiles a prescribed form and the financial statements contain a departure from the information specified by the prescribed form,the accountant should

(Multiple Choice)

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Question 35

CPA SysTrust provides assurance that a Web site meets certain criteria.

(True/False)

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Question 36

Accountants are permitted to express "negative assurance" in which of the following reports?

(Multiple Choice)

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Question 37

Enhanced business reporting (EBR)focuses on improving business reporting by developing a voluntary framework for presentation and disclosure of value drivers.

(True/False)

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Question 38

During a review,the auditor is required to obtain written representations from management.Which of the following is not one of the required elements of the representation?

(Multiple Choice)

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Question 39

Which of the following account titles would not be appropriate for a company that prepared its financial statements using the tax basis of accounting?

(Multiple Choice)

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Question 40

Showing 21 - 40 of 114

Which of the following is not a condition that must be met before an accountant can conduct an engagement concerning a nonpublic entity's internal control over financial reporting?

An accountant's standard internal control report for nonissuers is governed by

When an accountant is associated with a financial statement as part of a personal financial planning engagement,the accountant's report should include a statement that

To perform a review of interim financial information,the auditor must

Many individuals are apprehensive about using the Internet to purchase items.This apprehension mainly arises from users' concerns about

A review service engagement involving unaudited financial statements involves

The reporting standards for an attestation are different from those of an audit because attestation standards require

In a compilation engagement,

To perform an attestation engagement on prospective information or pro forma information,accountants must do all of the following except

For a compliance attestation engagement,the auditor accepts responsibility for compliance.

The ______________ requires the presentation of interim information outside the basic financial statements.

In a compilation engagement,the accountant explicitly states that __ and _ are expressed.

Management does not have to accept responsibility for the effectiveness of its internal control in order for an accountant to conduct an examination of a client's internal control.

When an accountant compiles a prescribed form and the financial statements contain a departure from the information specified by the prescribed form,the accountant should

CPA SysTrust provides assurance that a Web site meets certain criteria.

Accountants are permitted to express "negative assurance" in which of the following reports?

Enhanced business reporting (EBR)focuses on improving business reporting by developing a voluntary framework for presentation and disclosure of value drivers.

During a review,the auditor is required to obtain written representations from management.Which of the following is not one of the required elements of the representation?

Which of the following account titles would not be appropriate for a company that prepared its financial statements using the tax basis of accounting?

Auditing and Assurance Services

Professional Standards

Engagement Planning

Management Fraud and Audit Risk

Risk Assessment: Internal Control Evaluation

Employee Fraud and the Audit of Cash

Revenue and Collection Cycle

Acquisition and Expenditure Cycle

Production Cycle

Finance and Investment Cycle

Completing the Audit

Reports on Audited Financial Statements

Professional Ethics

Legal Liability

Internal Governmental and Fraud Audits

Overview of Sampling

Attributes Sampling

Variables Sampling

Auditing in a Computerized Environment

Filters

Exam 13: Other Public Accounting Services

Which of the following is not a condition that must be met before an accountant can conduct an engagement concerning a nonpublic entity's internal control over financial reporting?

An accountant's standard internal control report for nonissuers is governed by

When an accountant is associated with a financial statement as part of a personal financial planning engagement,the accountant's report should include a statement that

To perform a review of interim financial information,the auditor must

Many individuals are apprehensive about using the Internet to purchase items.This apprehension mainly arises from users' concerns about

A review service engagement involving unaudited financial statements involves

The reporting standards for an attestation are different from those of an audit because attestation standards require

In a compilation engagement,

To perform an attestation engagement on prospective information or pro forma information,accountants must do all of the following except

For a compliance attestation engagement,the auditor accepts responsibility for compliance.

The ______________ requires the presentation of interim information outside the basic financial statements.

In a compilation engagement,the accountant explicitly states that __________________ and _________________ are expressed.

Management does not have to accept responsibility for the effectiveness of its internal control in order for an accountant to conduct an examination of a client's internal control.

When an accountant compiles a prescribed form and the financial statements contain a departure from the information specified by the prescribed form,the accountant should

CPA SysTrust provides assurance that a Web site meets certain criteria.

Accountants are permitted to express "negative assurance" in which of the following reports?

Enhanced business reporting (EBR)focuses on improving business reporting by developing a voluntary framework for presentation and disclosure of value drivers.

During a review,the auditor is required to obtain written representations from management.Which of the following is not one of the required elements of the representation?

Which of the following account titles would not be appropriate for a company that prepared its financial statements using the tax basis of accounting?

Auditing and Assurance Services

Professional Standards

Engagement Planning

Management Fraud and Audit Risk

Risk Assessment: Internal Control Evaluation

Employee Fraud and the Audit of Cash

Revenue and Collection Cycle

Acquisition and Expenditure Cycle

Production Cycle

Finance and Investment Cycle

Completing the Audit

Reports on Audited Financial Statements

Professional Ethics

Legal Liability

Internal Governmental and Fraud Audits

Overview of Sampling

Attributes Sampling

Variables Sampling

Auditing in a Computerized Environment

Filters

In a compilation engagement,the accountant explicitly states that __ and _ are expressed.