ACC 576 help A Guide to career/uophelp.com ACC 576 help A Guide to career/uophelp.com | Page 32

XYZ's outsider auditor from the ABC Accounting firm, the internal
auditor has:
Question 5 (AICPA.080962REG-1B)
(NOTE: This is a CPAexcel simulated Exam Question, not AICPA
licensed Material)
Duncan, an accounting firm, is auditing Alchemy Inc. Regarding
commissions and referral fees, which of the following arrangements
would be permissible?
Question 6
A CPA who is not in public practice is obligated to follow which of the
following rules of conduct?
Question 7
Under the Statements on Standards for Consulting Services, which of the
following statements best reflects a CPA's responsibility when
undertaking a consulting services engagement?
The CPA must
Question 8
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?
Question 9
Locke, CPA, was engaged to perform an audit for Vorst Co. During the
audit, Locke discovered that Vorst's inventory contained stolen
goods. Vorst was indicted and Locke was validly subpoenaed to testify
at the criminal trial. Vorst has claimed accountant-client privilege to
prevent Locke from testifying.
Locke may be compelled to testify
Question 10
(NOTE: This is a CPAexcel simulated Exam Question, not AICPA
licensed Material)
Ron is a partner in the Houston office of KPMG. A partner in Ron's
office is the lead partner on the team that audits Midstream Pipeline,
which operates intrastate oil and gas pipelines, but Ron is not on the
engagement team. Which of the following scenarios represents an
independence violation of the AICPA Code of Conduct?