Acct Test 1 Cpa Questions Already Passed

The PCAOB consists of: A) Up to 5 CPA's B) All CPA's C) Exactly 2 CPA's D) At least 1 CPA {Ans: C) Exactly 2 CPA's}Which of the following provides the most authoritative guidance for the auditor of a non-issuer? A) General guidance provided by a Statement on Auditing Standards B) A Journal of Accountancy article discussing implementation of a new standard C) Specific guidance provided by an interpretation of a Statement on Auditing Standards D) An AICPA audit and accounting guide that provides specific guidance with respect to the accounting practices in the client's industry {Ans: A) General guidance provided by a Statement on Auditing Standards}Under the Code of Professional Conduct of the AICPA, which of the following is required to be independent in fact and appearance when discharging professional responsibilities? A. A CPA in public practice providing tax and management advisory services. B. A CPA in public practice providing auditing and other attestation services. C. A CPA not in public practice. D. All CPAs. {Ans: B. A CPA in public practice providing auditing and other attestation services.}Which of the following statements correctly defines the term reasonable assurance? A)A substantial level of assurance to allow an