Test Bank For Auditing & Assurance Services 7Th Ed By Timothy Louwers 7Th Ed
14 vues 0 achat
Cours
Auditing & Assurance - Test Bank
Établissement
Auditing & Assurance - Test Bank
Auditing & Assurance Services, 7e (Louwers) Chapter 2 Professional Standards
1) Control risk is
A) the probability that a material misstatement could not be prevented or detected by the entity's internal control policies and procedures.
B) the probability that a material misstatement could occur...
1. Which of the following is NOT a key element of the definition of ethics?
A. Reflective choice
B. Moral principles
C. Definitive conclusions
D. Consequences of decisions
Answer: C
LO: B-01 Ethics
Topic: Ethics
Source: Original
Difficulty: 1 Easy
Bloom’s: Remember
AACSB: Ethics
AICPA BB: Legal
AICPA FN: Research
2. Which of the following defines the imperative principle of ethics?
A. Ethic decisions cannot be resolved without evaluating all possible outcomes of all
choices.
B. Ethics are a function of moral rules and principles.
C. All ethical decisions will have positive and negative consequences
D. It is essential that decisions be made for the greater good of society.
Answer: B
LO: B-02 Philosophical Principles
Topic:
Source: Original
Difficulty: 2 Medium
Bloom’s: Remember
AACSB: Ethics
AICPA BB: Legal
AICPA FN: Research
3. Which of the following philosophical principles in ethics places emphasis on the
consequences of action, rather than on following the rules?
A. Imperative principle.
B. Utilitarianism principle.
C. Generalization principle.
D. Moral principle.
Answer: B
LO: B-02 Philosophical Principals
Topic: Philosophical Principals
Source: Original
Difficulty: 1 Easy
Bloom’s: Remember
AACSB: Ethics
AICPA BB: Legal
AICPA FN: Research
4. What agency has the ultimate authority in defining independence for public
companies?
A. The AICPA
B. The SEC
C. The Department of Justice
D. The U.S. Congress
Answer: B
LO: B-03 Governing Bodies
Topic: Governing Bodies
Source: Original
Difficulty: 1 Easy
Bloom’s: Remember
AACSB: Ethics
AICPA BB: Legal
AICPA FN: Research
5. Which of the following is the responsibility of the Professional Ethics Executive
Committee?
A. Enforce SEC ethical standards
B. Act as an investigative body of the AICPA when ethical violations are suspected.
C. Make and enforce all the rules of conduct for CPAs who are AICPA members.
D. Establish minimal ethical standards for financial reporting.
Topic: Governing Bodies
Source: Original
Difficulty: 1 Easy
Bloom’s: Remember
AACSB: Ethics
AICPA BB: Legal
AICPA FN: Research
6. Which of the following is NOT one of the AICPA Principles of Professional Conduct?
A. Responsibilities
B. Reliability
C. Objectivity
D. Due Care
Answer: B
LO: B-05 Rules of Conduct
Topic: Rules of Conduct
Source: Original
Difficulty: 2 Medium
Bloom’s: Remember
AACSB: Ethics
AICPA BB: Legal
AICPA FN: Research
7. Dara & Co. audit Hill Corporation. Ellie is the engagement partner on the audit with
an office in Buffalo Grove. Which of the following would NOT be considered a
covered member?
A. Jason, who is a member of the attest engagement team with an office in Elmhurst.
B. Adam, who is a tax partner and provided 50 hours of tax service to Hill Company
during the year of the audit with an office in Elmhurst.
C. Ben, a partner in Dara & Company, with an office in Buffalo Grove.
D. Julie, a partner in Dara & Company, with an office in Elmhurst.
Answer: D
LO: B-04 Independence
Topic: Independence
Source: Original
Difficulty: 2 Medium
Bloom’s: Application
AACSB: Ethics
AICPA BB: Legal
AICPA FN: Research
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur ExamsExpert. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €30,06. Vous n'êtes lié à rien après votre achat.