Mid-Term Answers (ACCT-422)

Mid-Term Answers (ACCT-422) - ACCT 422 Auditing Theory and...

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ACCT 422 – Auditing Theory and Practice Midterm Examination Answers Due Date: On or before Sunday, March 21, 2010 @ 11:59 p.m. EST Instructions : This exam consists of 5 parts. Your answers to the exam questions should be submitted on a separate answer sheet. Your answer sheet should be submitted as an attachment in your assignment folder under the “Midterm” folder in Microsoft Word or WordPerfect. Please do not write your answers directly in the narrative portion of your assignment folder. Part 1: (Worth Total of 52-Points) For Part 1, please number your answer sheet from 1 to 40 and provide the letter corresponding to the best answer (eg, 1. A, 2. B, etc.). 1. C. 2. A. 3. B. 4. D. 5. A. 6. B. 7. A. 8. D. 9. C. 10. B. 11. D. 12. C. 13. C. 14. D. 15. C. 16. B. 17. B. 18. A. 19. D. 20. A. 21. B. 22. D. 23. B. 24. D. 25. D. 26. C. 27. B. 28. D. 29. D. 30. B. 31. A. 32. B. 33. D. 34. A. 35. B. 36. B. 37. D. 38. B. 39. C. 40. A.
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Part 2: (Worth Total of 13-Points) For Part 2, please number your answer sheet from 41 to 50 and provide the letter corresponding to the best answer (eg, 41. A, 42. B, etc.). 41. A. 42. A. 43. B. 44. A. 45. A. 46. B. 47. A. 48. B. 49. B. 50. A. Part 3: (Worth Total of 12-Points) The following situations involve a possible violation of the AICPA’s “Code of Professional Conduct.” For each situation, (1) determine the applicable rule number from the “Code,” (2) decide whether or not the “Code” has been violated, and (3) briefly explain how the situation violates (or does not violate) the “Code.” 51. Rule : 101 Violation : No a. Explanation
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This note was uploaded on 04/11/2010 for the course ACCT 422 taught by Professor Blake during the Spring '10 term at MD University College.

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Mid-Term Answers (ACCT-422) - ACCT 422 Auditing Theory and...

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