Marketing 431 - Study guides, Class notes & Summaries
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ACCT 431 CHAPTER 2:The CPA Profession
- Exam (elaborations) • 25 pages • 2022
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ACCT 431 CHAPTER 2 
 
Auditing and Assurance Services, 15e (Arens) The CPA Profession 
 
Learning Objective 2-1 
 
1)	The legal right to perform audits is granted to a CPA firm by regulation of: 
A)	each state. 
B)	the Financial Accounting Standards Board (FASB). 
C)	the American Institute of Certified Public Accountants (AICPA). 
D)	the Audit Standards Board. Answer: A 
Terms: Legal rights to perform audits Diff: Moderate 
Objective: LO 2-1 
AACSB: Reflective thinking skills 
 
2)	The four cat...
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ACCT 431 CHAPTER 2:The CPA Profession
- Exam (elaborations) • 25 pages • 2022
-
- $15.99
- + learn more
ACCT 431 CHAPTER 2 
 
Auditing and Assurance Services, 15e (Arens) The CPA Profession 
 
Learning Objective 2-1 
 
1)	The legal right to perform audits is granted to a CPA firm by regulation of: 
A)	each state. 
B)	the Financial Accounting Standards Board (FASB). 
C)	the American Institute of Certified Public Accountants (AICPA). 
D)	the Audit Standards Board. Answer: A 
Terms: Legal rights to perform audits Diff: Moderate 
Objective: LO 2-1 
AACSB: Reflective thinking skills 
 
2)	The four cat...
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