ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 107

8. If most or all users' decisions that are based on the financial
statements are likely to be significantly affected, the materiality level
is:
9. When dealing with materiality and scope limitation conditions:
10. Auditing standards for public companies are established by the:
11. A CPA may wish to emphasize specific matters regarding the
financial statements even though an unqualified opinion will be
issued. Normally, such explanatory information is:
12. The standard unqualified audit report for public entities includes
the following three paragraphs:
13. When there is uncertainty about a company's ability to continue
as a going concern, the auditor's concern is the possibility that the
client may not be able to continue its operations or meet its
obligations for a "reasonable period of time." For this purpose, a
reasonable period of time is considered not to exceed:
14. As a result of management's refusal to permit the auditor to
physically examine inventory, the auditor must depart from the
unqualified audit report because:
15. Which of the following is least likely to cause uncertainty about
the ability of an entity to continue as a going concern?
16. Which of the following services are allowed by the SEC
whenever a CPA also audits the company?
17. The CPA must not subordinate his or her professional judgment
to that of others in any:
18. "Independence" in auditing means:
19. Of the four parts of the AICPA's Code of Professional Conduct,
which part is enforceable?
20. Freedom from ________ means the absence of relationships that
might interfere with objectivity or integrity.
21. A CPA firm:
22. The Sarbanes-Oxley Act requires a cooling off period of
________ before a member of an audit team can work for a client in a
key management position?
23. The AICPA's Code of Professional Conduct states that a CPA
should maintain integrity and objectivity. The term "objectivity" in
the Code refers to a CPA's ability to: