Which of the following organizations can revoke the right of an individual to practice as a CPA?
The AICPA over time has played an important role in standards setting. Which of the following standards are currently established by the AICPA?
Which of the following does the FASB consider a source of nonauthoritative guidance for use when there is no authoritative guidance available?
Financial statement audits performed under PCAOB requirements are designed to provide which types of assurance with respect to the detection of material misstatement due to errors or fraud?
A basic objective of a CPA firm is to provide professional services that conform with professional standards. Reasonable assurance of achieving this basic objective is provided through:
Which of the following is NOT explicitly included in a standard report for a nonpublic company?
The general group of the 10 PCAOB Auditing Standards require that:
Which AICPA quality control standard would MOST likely be satisfied when a CPA firm maintains records indicating which partners or employees of the firm were previously employed by the CPA firm's clients?
An audit provides reasonable assurance of detecting material:
Which of the following is NOT included in an integrated audit report on the financial statements of a public company?
Audit firms that are subject to inspections by PCAOB staff include:
Which of the following is NOT a difference noted when comparing the AICPA audit report to the international audit report?
An attest engagement:
A procedure in which a quality control partner periodically tests the application of quality control procedures is most directly related to which quality control element?
Which of the following is a principle underlying an audit conducted in accordance with generally accepted auditing standard?
A set of criteria used to determine measurement, recognition, representation, and disclosure of all material items appearing in the financial statements is referred to as an?
By definition, proper professional skepticism on an audit requires:
Which of the following best describes a portion of the auditors responsibility regarding noncompliance with laws by clients?
Which of the following is NOT included as a part of the description of the auditors responsibility in a nonpublic company unmodified report?
Which of the following is explicitly included as a part of the description of managements responsibility in a unmodified audit report?
The auditors report for a nonpublic company should indicate:
A requirement to design recruitment processes and procedures to help the firm select individuals meeting minimum academic requirements established by the firm is an example of a quality control procedure in the area of:
The body that issues international pronouncements providing auditing procedural and reporting guidance is the:
To present fairly in conformity with generally accepted accounting principles, the financial statement must be:
Which of the following is NOT included in the auditors standard unmodified audit report?
An investor reading the financial statements of The Sundby Corporation observes that the statements are accompanied by an unmodified auditors report. From this, the investor may conclude that:
The auditors report may be addressed to the company whose financial statements are being examined or to that company's:
Which of the following best describes what is meant by generally accepted auditing standards?
Which of the following is the name used to describe financial reporting frameworks other than GAAP which include: cash basis, tax basis, regulatory basis, or contractual basis?
Which of the following statements best describes the primary purpose of Statements on Auditing Standards?
The primarily responsibility for the adequacy of disclosure in the financial statements of a publicly held company rests with the:
In pursuing a CPA firm's quality control objectives, a CPA firm may maintain records indicating which partners or employees of the CPA firm were previously employed by the CPA firm's clients. Which quality control objective would this be mot likely to satisfy?
A CPA firm establishes quality control policies and procedures for deciding whether to accept a new client or continue to perform services for a current client. The primary purpose for establishing such policies and procedures is:
The Public Company Accounting Oversight Board has authority to establish which of the following relating to public companies?
Which of the following is LEAST likely to be directly examined in an inspection performed by the PCAOB?
As compared with the US public company audit report, the international audit report:
When the auditors express an opinion on financial statements, their responsibilities extend to: