Auditing Quiz 2 Study Guide Questions And Correct Answers

D {Ans: 78. The following are regarded by RA9298 as CPA services in public practice if offered or rendered on afee basis and to more than one client: Preparation and signing of audit reports.Professional assistance on accounting procedures.Representation of clients before governmental agencies on tax and other matters regardless of its relation to accounting a.YES YES YES b. YES NO YES c.YES NO NO d. YES YES NO}D {Ans: 72. A professional accountant may invite the following to attend training courses and seminars conducted for the assistance of staff (select the exception): a clients b. staff of the firm c. other professional accountants d. potential clients}D {Ans: 62. As used in RA 9298, this term refers to the area of practice of accountancy: a. Line b. Section c. Segment d. Sector}D {Ans: 37. Under PAS 1, the term "PFRS" shall be comprised of a. PAS only c. PFRS and PAS b. PFRS only d. PFRS, PAS and Interpretations}B {Ans: 23. Affixing the CPA's seal and signature on the auditor's report is an indication of: a. CPA's acceptance of responsibility for the financial statements audited. b. Compliance by the CPA of the requisite accounting and auditing