Exam (elaborations)
AICPA Ethics Certification Course (Module 5) Exam With 100% Correct And Verified Answers
- Course
- Institution
AICPA Ethics Certification Course (Module 5) Exam With 100% Correct And Verified Answers
[Show more]
Content preview
AICPA Ethics Certification Course (Module5) Exam With 100% Correct And Verified
Answers
Performing Nonattest Services - Correct
Answer-- consulting or tax services
- may raise self-review, management
participation, or advocacy threats to
independence
General Requirements to Perform Nonattest
Services: Clients Must Assumes These
Responsibilities: - Correct Answer-- Perform
all management responsibilities
- Oversee the services by designating an
individual (preferably from senior
management) with suitable skill, knowledge,
or experience
- Evaluate the adequacy and results of
services
- Accept responsibility for the results of the
services
Overseer of Nonattest Service Should Have: -
Correct Answer-Suitable skill, knowledge or
experience:
- knows the client's business,
- knows the client's industry, and
- has general business knowledge
Vendarsol
, Audit Firm Should Not Assume No Mgmt.
Responsibilities - Correct Answer-- Authorize,
execute, or consummate a transaction
exercising authority on behalf of a client.
- Prepare source documents (in electronic or
other form) evidencing the occurrence of a
transaction.
- Take custody of client assets, data, or
records.- Supervise client employees as they
perform their normal recurring activities.
- Other: Determine which of your firm's
recommendations the client should
implement.; Report to the board of directors
on management's behalf.
Before Performing Nonattest Services,
Required to Establish and Document
Understanding of: - Correct Answer-- the
objectives of the engagement,
- the services to be performed,
- the client's acceptance of its
responsibilities,
- the firm's responsibilities, and
- any limitations of the engagement
Failure to Document Understanding With
Client - Correct Answer-- violation of
COmpliance with Standards RUle
Vendarsol
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Vendarsol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79789 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now