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Question 11
(NOTE: This is a CPAexcel simulated Exam Question, not AICPA
licensed Material)
The CPA firm, where Joanna is currently a tax partner, is auditing
Bubbles Corp. in Austin. Her mother, Teresa, has been working as a
receptionist for Bubbles for the last 30 years. Her best friend since grade
school, Maggie, is currently serving as CFO at Bubbles. Joanna knows
that her brother, Jonathan, sank most of his savings into a purchase of
6% of Bubbles outstanding stock, which he currently owns. Does Joanna
have an independence issue?
Question 12
An accountant may accept an engagement to apply agreed-upon
procedures to prospective financial statements provided that
Question 13
(NOTE: This is a CPAexcel simulated Exam Question, not AICPA
licensed Material)
In order to preserve independence, the PCAOB requires:
Question 14
According to the standards of the profession, which of the following
activities would most likely not impair a CPA's independence?
Question 15
According to the standards of the profession, which of the following
circumstances will prevent a CPA performing audit engagements from
being independent?
Question 16
Which of the following is a term for an attest engagement in which a
CPA assesses a client's commercial Internet site for predefined criteria
that are designed to measure transaction integrity, information protection,
and disclosure of business practices?
Question 17
A CPA in public practice is required to comply with the provisions of
the Statements on Standards for Attestation Engagements (SSAE) when
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