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Professional Ethics Chapter 3
Terms in this set (12)
Which of the following is not a covered member for an attest engagement under Rule 101 - of the AICPIA code of professional Conduct?
A partner in the national office of the firm that performs marketing services
Which of the following is not prohibited by the AICPA code of professional Conduct?
Advertising in newspapers
In which of the following situations would a public accounting firm have violated the AICPA Code of Professional Conduct in determining its fee?
A fee is based on whether or not the public accounting firm's audit report leads to the approval of the clients applications for bank financing
A public accounting firm would least likely to be considered in violation of the AICPA independence rules in which of the following instances?
A partners checking account which is fully insured by the Federal Deposit Insurance Corporation, is held at a financial institution for which the public accounting firm performs attest services.
Which of the following is implied when a CPA signs the preparers declaration on a federal income tax return?
The return is not misleading based on all information of which the CPA has knowledge.
The AICPA code of professional Conduct states that a CPA shall not disclose any confidential information obtained in the course of a professional engagement except with the consent of the client. This rule may preclude a CPA from responding to an inquiry made by :
A CPA shareholder of the client
Which of the following is most likely to be a violation of the ACIPA rules of conduct by bill jones, a sole practitioner with no other employees?
Jones names his firm Jones and Smith CPAs
Bill Adams, CPA, accepted the audit engagement of Kelly Company. During the audit, Adams became aware of his lack of competence required for the engagement, What should adams do?
Suggest that Kelly Company engage another CPA to perform the audit
Which of the following nonattest services may be performed by the auditors of a public company?
Preparation of the company's tax return
In providing non attest services to an attest client, a CPA is allowed to perform which of the following functions
Training client employees
Rule 202- Compliance with Standards requires CPAS to adhere to all of the following applicable standards, except
Statements on the Responsibilities for Assurance Services
Which of the following provisions is not included in The Institute of Internal Auditors Code of Ethics
Use of appropriate sampling methods to select for areas for audit
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