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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?
Question 11