Question 1

Rule 101 on integrity and objectivity only applies to covered members as defined by the AICPA.

Accepted Answer

A) True 
 B)False

Question 2

Loans between the auditor and the client are permitted in some circumstances.

Accepted Answer

A) True 
 B)False

Question 3

Confidentiality is the cornerstone of the auditing profession.

Accepted Answer

A) True 
 B)False

Question 4

Information shared by a client to the auditor is protected under privileged communication laws,therefore,it cannot be subpoenaed by a court of law to be used against the client.

Accepted Answer

A) True 
 B)False

Question 5

Contingent fees are prohibited for tax professionals when preparing tax returns for clients

Accepted Answer

A) True 
 B)False

Question 6

An ethical problem is the same as an ethical dilemma.

Accepted Answer

A) True 
 B)False

Question 7

Independence is required for which of the following types of services?

Accepted Answer

A) audits. 
B) tax work. 
C) consulting. 
D) always required of the CPA. 
A) audits. 
B) tax work. 
C) consulting. 
D) always required of the CPA.

Question 8

A covered member under the AICPA's rules includes individuals on the engagement team,any individual in a position to influence the engagement team,and all professional staff in the office of the engagement.

Accepted Answer

A) True 
 B)False

Question 9

It is not required for an individual to uphold the code of professional conduct in order to become licensed as a CPA.

Accepted Answer

A) True 
 B)False

Question 10

Information about a client that cannot be subpoenaed by a court of law is referred to as what type of information?

Accepted Answer

A) confidential information. 
B) privileged communication. 
C) contingent information. 
D) audit communication 
A) confidential information. 
B) privileged communication. 
C) contingent information. 
D) audit communication

Rule 101 on integrity and objectivity only applies to covered members as defined by the AICPA.

Loans between the auditor and the client are permitted in some circumstances.

Confidentiality is the cornerstone of the auditing profession.

Information shared by a client to the auditor is protected under privileged communication laws,therefore,it cannot be subpoenaed by a court of law to be used against the client.

Contingent fees are prohibited for tax professionals when preparing tax returns for clients

An ethical problem is the same as an ethical dilemma.

Independence is required for which of the following types of services?

A covered member under the AICPA's rules includes individuals on the engagement team,any individual in a position to influence the engagement team,and all professional staff in the office of the engagement.

It is not required for an individual to uphold the code of professional conduct in order to become licensed as a CPA.

Information about a client that cannot be subpoenaed by a court of law is referred to as what type of information?

Auditing: Integral to the Economy

Corporate Governance and Audits

Audit Risk,business Risk,and Audit Planning

Internal Control Over Financial Reporting

Performing an Integrated Audit

A Framework for Audit Evidence

Tools Used in Gathering Audit Evidence

Auditing for Fraud

Auditing Revenue and Related Accounts

Audit of Acquisition and Payment Cycle and Inventory

Audit of Cash and Other Liquid Assets

Audit of Long-Lived Assets and Related Expense Accounts

Audit of Longer-Term Liabilities, equity, acquisitions, and Related-Entity Transactions, long-Term Liabilities, and Equity

Ensuring Audit Quality in Completing the Audit

Auditors Reports

Professional Liability

Advanced Topics Concerning Complex Audit Judgments

Filters

Exam 3: Judgmental and Ethical Decision-Making Frameworks and Associated Professional Standards

Rule 101 on integrity and objectivity only applies to covered members as defined by the AICPA.

Loans between the auditor and the client are permitted in some circumstances.

Confidentiality is the cornerstone of the auditing profession.

Information shared by a client to the auditor is protected under privileged communication laws,therefore,it cannot be subpoenaed by a court of law to be used against the client.

Contingent fees are prohibited for tax professionals when preparing tax returns for clients

An ethical problem is the same as an ethical dilemma.

Independence is required for which of the following types of services?

A covered member under the AICPA's rules includes individuals on the engagement team,any individual in a position to influence the engagement team,and all professional staff in the office of the engagement.

It is not required for an individual to uphold the code of professional conduct in order to become licensed as a CPA.

Information about a client that cannot be subpoenaed by a court of law is referred to as what type of information?

Auditing: Integral to the Economy

Corporate Governance and Audits

Audit Risk,business Risk,and Audit Planning

Internal Control Over Financial Reporting

Performing an Integrated Audit

A Framework for Audit Evidence

Tools Used in Gathering Audit Evidence

Auditing for Fraud

Auditing Revenue and Related Accounts

Audit of Acquisition and Payment Cycle and Inventory

Audit of Cash and Other Liquid Assets

Audit of Long-Lived Assets and Related Expense Accounts

Audit of Longer-Term Liabilities, equity, acquisitions, and Related-Entity Transactions, long-Term Liabilities, and Equity

Ensuring Audit Quality in Completing the Audit

Auditors Reports

Professional Liability

Advanced Topics Concerning Complex Audit Judgments

Filters