Week one self-guided quiz
the questions below generally follow the order of the topics a...
Week one self-guided quiz
the questions below generally follow the order of the topics as presented in the text in chapters 1 and 2. however, you will need to read all chapters (1, 2, 25, 26) in order to get the complete picture of most of these topics as chapters 25 and 26 and additional insight to topics found in chapters 1 and 2 and contain original material addressed in later questions.
4. audits typically consist of three phases: planning; fieldwork; reporting. describe activities that accompany each phase.
5. distinguish between assurance and attestation services.
6. describe the following types of audits:
a. operational audits
b. compliance audits
c. financial statement audits
d. informational technology audits (may need to go outside the text to address this)
7.discuss the following types of auditors:
a. auditors working for cpa firms
b. governmental auditors (e. g. gao, irs, health inspectors)
c. internal auditors
8. identify the roles cpa firms play in society.
9. briefly explain sarbanes-oxley (sox) and the role the securities and exchange commission (sec) plays in regulating audits.
10. what is the role of the aicpa? the pcaob? the institute of internal auditors (iia)?
11. summarize the 10 components of generally accepted auditing standards (gaas)
12. what are sas, and for what are they used?
13. true or false – cpa firms are required to engage in quality control efforts of its audits? why or why not?
14. what is a peer review and how and when are they performed?
15. why does government often have different auditing and accounting standards?
Answers: 1
Business, 21.06.2019 17:20
Luis and rosa, citizens of costa rica, moved to the united states in year 1 where they both lived and worked. in year 3, they provided the total support for their four young children (all under the age of 10). two children lived with luis and rosa in the u.s., one child lived with his aunt in mexico, and one child lived with her grandmother in costa rica. none of the children earned any income. all of the children were citizens of costa rica. the child in mexico was a resident of mexico, and the child in costa rica was a resident of costa rica. how many total exemptions (personal exemptions plus exemptions for dependents) may luis and rosa claim on their year 3 joint income tax return? a. 6 b. 5 c. 4 d. 2
Answers: 3
Business, 22.06.2019 01:00
Throne technical university is looking for three people to work in its plant-biology laboratory. the hiring manager is finding that the most suitable job candidates live in other countries and are not willing to move to the city where the university is located. which situation is the university facing? a. lack of flexible workforce b. surpluses in labor talent c. an appearance of quota systems d. deficits in minimum wage demands
Answers: 1
Business, 23.06.2019 00:00
Which example would the government consider as intellectual property? a. product design that contains a hologram of the logo of the company b. a copy of a famous artist’s painting in a new medium c. a plant species discovered in the united states for the first time d. a method of production that is common to an entire industry e. a discount structure offered to the customer at a store
Answers: 3
Business, 23.06.2019 02:00
Which of the statements is true about the values recorded in the balance sheet of a firm?
Answers: 2
Chemistry, 20.09.2020 15:01
Mathematics, 20.09.2020 15:01
Mathematics, 20.09.2020 15:01
Physics, 20.09.2020 15:01
Mathematics, 20.09.2020 15:01
Mathematics, 20.09.2020 15:01
Mathematics, 20.09.2020 15:01
Mathematics, 20.09.2020 15:01
Mathematics, 20.09.2020 15:01
Physics, 20.09.2020 15:01
Mathematics, 20.09.2020 15:01
English, 20.09.2020 15:01
English, 20.09.2020 15:01
Mathematics, 20.09.2020 15:01