ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 20

8. The form that must be filed with the Securities and Exchange
Commission whenever a company plans to issue new securities to the
public is the:
9. For privately held companies who is responsible for establishing
auditing standards?
10. The "Principles Underlying an Audit in Accordance with
Generally Accepted Auditing Principles" provides a framework to
help auditors:
11. The Public Company Accounting Oversight Board:
12. Statements on Standards for Accounting and Review Services
are issued by the:
13. The auditor's responsibility section of the standard audit report
states that the auditor is:
14. The standard unqualified audit report:
15. Under AICPA auditing standards, the primary auditor issuing the
opinion on the financial statements is called the:
16. An audit of historical financial statements most commonly
includes the:
17. The standard unqualified audit report for public entities includes
the following three paragraphs:
18. If most or all users' decisions that are based on the financial
statements are likely to be significantly affected, the materiality level
is:
19. Which of the following is required for a firm to designate itself
"Member of the American Institute of Certified Public Accountants"
on its letterhead?
20. 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?
21. The Sarbanes-Oxley Act ________ a CPA firm from doing both
bookkeeping and auditing services for the same public company
client.
22. Which of the following services are allowed by the SEC
whenever a CPA also audits the company?
23. "Independence" in auditing means:
24. Several months after an unqualified audit report was issued, the
auditor discovers the financial statements were materially misstated.