国际双语审计第四章练习题文档格式.docx

国际双语审计第四章练习题文档格式.docx

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b.thatitprovidesasafeguardtokeepunscrupulouspeopleout.

c.thatitisrequiredbyfederallegislation.

d.thatitallowslicensingagenciestohaveayardsticktomeasuredeficientbehavior.

3.

AchallengeassociatedwiththeEthicalPrinciplesstatedintheCodeofProfessionalConductis:

a.theemphasisonpositiveactivities.

c

b.thattheyidentifyidealconduct.

c.thedifficultyofenforcingprinciples,orgeneralideals.

d.thattherearetoomanytoremember.

4.

ForwhichofthefollowingprofessionalservicesmustCPAsbeindependent?

a.Managementadvisoryservices.

b.Auditsoffinancialstatements.

c.Preparationoftaxreturns.

d.Allthreeoftheabove.

5.

“Independence”inauditingmeans:

a.remainingalooffromaclient.

b.notbeingfinanciallydependentonaclient.

c.takinganunbiasedandobjectiveviewpoint.

d.beinganadvocateforaclient.

6.

WhenCPAsareabletomaintaintheiractualindependence,itisreferredtoasindependencein:

a.conduct.

b.appearance.

c.fact.

d.total.

7.

Whichofthefollowingstatementsisnottrue?

TheCPAfirmwillloseitsindependenceif:

d

a.anyofthepartnersintheofficeprovidingauditservicestotheclientacquiresstockinthatclient.

b.amanagerwhoprovides15hoursofnon-auditservicestotheclientacquiresstockinthatclient.

c.anyoneworkingontheauditshouldacquirestockinthatclient.

d.alloftheabovearetrue.

8.

InterpretationsofRule101prohibitcoveredmembersfromowninganystockorotherdirectinvestmentinauditclients.Coveredmembersincludeallbutwhichofthefollowing?

a.Allpartnersinanofficethathasnoresponsibilityfortheengagement.

b.Thefirmanditsemployeebenefitplans.

c.Individualsontheattestengagement.

d.Alloftheabovedescribecoveredmembers.

9.

Insomesituations,theinterpretationsoftheRulesofConductpermitformerpartnerstohaverelationshipswithaclientofthefirmwithoutaffectingthefirm’sindependence.Whichofthefollowingsituationswouldnotcausealossofindependence?

a.TheformerpartnerinvestsinacurrentclientofthefirmandreceivesretirementbenefitsfromtheCPAfirm,whicharedependentuponthefirm’sfinancialperformance.

b.TheformerpartnerusestheCPAfirm’sofficespaceandhassignificantinfluenceoveraclient.

c.Theformerpartnerseversrelationswiththefirmandacceptsemploymentwiththefirm’sclientafterhavingbeenretiredfor18months.

d.Theformerpartnerisheldoutasanassociateofthefirmandtakespartinthefirm’sbusinessactivities.

10.

Thefinancialinterestsofwhichofthefollowingpartieswouldnotbeincludedasa“directfinancialinterest”oftheCPA?

a.Spouse.

b.Dependentchild.

c.RelativesupportedbytheCPA.

d.Financialinterestsofeachoftheseindividualswouldbeconsideredas“directfinancialinterests.”

11.

Interpretationsoftherulesregardingindependenceallowanauditortoserveas:

a.adirectororofficerofanauditclient.

b.anunderwriterforthesaleofaclient’ssecurities.

c.atrusteeofaclient’spensionfund.

d.anhonorarydirectorforanot-for-profitcharitableorreligiousorganization.

12.

WhenthequestionariseswhetheraCPAfirmmaydobothbookkeepingandauditingservicesforthesamepubliccompanyclient,theInterpretationsoftheAICPA’sCodeofProfessionalConduct:

a.encourageit.

b.prohibitit.

c.allowit.

d.alloweachfirmtodeterminetheansweronacase-by-casebasis.

13.

TheCPAmustnotsubordinatehisorherprofessionaljudgmenttothatofothersinany:

a.engagement.

b.auditengagement.

c.engagementexcludingtaxservices.

d.engagementexcludingmanagementadvisoryservices.

14.

Whichofthefollowingwouldbeaviolationoftherulerequiring“objectivity”bytheCPA?

a.Theauditoracceptsmanagement’sopinionregardingthecollectionofaccountsreceivablewithoutanindependentevaluation.

b.Inpreparingaclient’staxreturn,theCPAencouragesaclienttotakeadeductionwhichtheCPAbelievesisrisky,butunlikelytobefoundduringanIRSaudit.

c.Eitheraorbwouldbeaviolationoftherule.

d.Neitheranorbwouldbeaviolationoftherule.

15.

Severalmonthsafteranunqualifiedauditreportwasissued,theauditordiscoversthefinancialstatementsweremateriallymisstated.Theclient’sCEOagreesthattherearemisstatements,butrefusestocorrectthem.Sheclaimsthat“confidentiality”preventstheCPAfrominforminganyone.

a.TheCEOiscorrectandtheauditormustmaintainconfidentiality.

b.TheCEOisincorrect,butbecausetheauditreporthasbeenissueditistoolate.

c.TheCEOiscorrect,buttobeethicallycorrecttheauditorshouldviolatetheconfidentialityruleanddisclosetheerror.

d.TheCEOisincorrect,andtheauditorhasanobligationtoissuearevisedauditreport,eveniftheCEOwillnotcorrectthefinancialstatements.

16.

Amemberinpublicpracticemaynotperformforacontingentfeeanyprofessionalservicesforaclientforwhomthememberormember’sfirmperforms:

a.anaudit.

b.areview.

c.eitheranauditorreview.

d.anyprofessionalserviceregardlessofthespecificnatureoftheservice.

17.

WhichofthefollowingactivitiesisallowedforaCPAfirm’sattestationclients?

a.Contingentfeesbasedonsavingsduetoimplementationofaninformationsystem.

b.Commissionsforreferringareviewclienttoaninsuranceagencyforinsurancecoverage.

c.Preparationoftaxreturnsforwhichfeesarebaseduponclientrefunds.

d.Eachoftheaboveisallowed.

18.

Amemberinpublicpracticeshallneitherreceivefrom,norpayto,aclientacommissionwhenthememberormember’sfirmalsoperformsforthatclient:

a.anauditorreview.

b.acompilationthatwillbeusedbyathirdparty.

c.anauditofprospectivefinancialinformation.

d.anyoftheabove.

19.

IftheboardofaccountancyinthestateinwhichaCPAfirmislicensedhasrulesthataredifferentthantheAICPA’srules,theCPAfirmmustfollow:

a.whicheverrulesarelessrestrictive.

b.whicheverrulesaremorerestrictive.

c.therulesoftheAICPA.

d.therulesofthestate’sboardofaccountancy.

20.

Elise,CPA,ownsapublicaccountingfirmandwishestoestablishaseparatepartnershiptoofferdataprocessingservicestothepublicandotherpublicaccountants.

a.Elisecannotbeapartnerinanyseparatepartnershipthatoffersdataprocessingservices.

b.Elisemayformaseparatepartnership.

c.ElisemayformaseparatepartnershipaslongaspartnersareCPAs.

d.Elisemayformaseparatepartnership,butmustgiveupthepublicaccountingpractice.

21.（SOX）

medium

TheSarbanes-OxleyActrequireswhichpartnersofanaccountingfirmtorotateofftheengagementeveryfiveyears?

a.Leadpartnerontheengagement.

b.Partnerresponsibleforconcurringreview.

c.Bothaandb.

d.Eitheraorb,butnotboth.

22.

TheAICPA’sCodeofProfessionalConductstatesthataCPAshouldmaintainintegrityandobjectivity.Theterm“objectivity”intheCodereferstoaCPA’sabilityto:

a.chooseindependentlybetweenalternateaccountingprinciplesandauditingstandards.

b.distinguishbetweenaccountingpracticesthatareacceptableandthosethatarenot.

c.beunyieldinginallmattersdealingwithauditingprocedures.

d.maintainanimpartialattitudeonmattersthatcomeundertheCPA’sreview.

23.

Whichofthefollowingisrequiredforafirmtodesignateitself“MemberoftheAmericanInstituteofCertifiedPublicAccountants”onitsletterhead?

a.AtleastoneofthepartnersmustbeamemberoftheAICPA.

b.AllpartnersmustbemembersoftheAICPA.

c.ThepartnerswhosenamesappearinthefirmnamemustbemembersoftheAICPA.

d.AmajorityofthepartnersmustbemembersoftheAICPA.

24.

CPAsareprohibitedfromwhichofthefollowingformsofadvertising?

a.Self-laudatoryadvertising.

b.Celebrityendorsementadvertising.

c.Useoftradenames,suchas“AwesomeAuditors.”

d.Useofphrases,suchas“Guaranteedlargesttaxrefundsintown!

”

25.

AnnaGreer,aCPAinpublicpractice,contactsBlakeSawyers,anemployeeofJackson&

Jackson,LLP,andmakeshimanofferofemploymentwithoutfirstnotifyingJackson&

Jackson,LLP.AccordingtotheAICPA’sCodeofProfessionalConduct,Anna’sbehavior:

a.isaviolationoftheCodeofProfessionalConduct.

b.isaviolationonlyifGreerandSawyersareCPAs.

c.isaviolationonlyifJackson&

JacksonLLPisaCPAfirm.

d.isnotaviolation.

26.

CPAsmayprovidebookkeepingservicestoth