ACC 576 TUTOR Great Stories /acc576tutor.com ACC 576 TUTOR Great Stories /acc576tutor.com | Page 23

(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,