Auditing Quiz 2 Study Guide Questions And Correct Answers

D {Ans: 63. The practice of accountancy includes the following except: a. Practice in public accountancy. b. Practice in education or the academe. c. Practice in the government. d. Practice in commerce and industry, when the CPA is appointed as marketing of the enterprise.}D {Ans: 77. S1 A registered professional who is working abroad shall be temporarily exemptedfrom compliance with CPE requirements during his/her stay abroad, provided S2 Those who failed to renew professional licenses for a period of three continuous years from initial recognition, or from last renewal, shall be declared delinquent. a. True, true b. True, false c. False, true d. False, false}D {Ans: 80. This organization administers and implements and enforces the regulatory policies of the Philippine Government with respect to the regulation and licensing of the various profession under its jurisdiction, one of which is accountancy. a. BOA b. PICPA c. COA d. PRC}B {Ans: 53. According to the IRR, this council is tasked to assist the BOA in continuously upgrading accountancy education in the Philippines to make the Filipino CPAs globally competitive. a. Quality Review Committee c. CPE council b. Education Technical Council d. CHED}C {Ans: 10. Which of the