ethics ch 4

ethics ch 4 - All31termsChapter4 Print List Print Cards...

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All 31 terms  Chapter 4 Print List Print Cards Export Combine Terms Definitions The profession's ethical standards would most likely be considered to have been violated when a CPA Issued a report on a financial forecast that omitted a caution regarding achievability. According to the profession's ethical standards, an auditor would be considered independent in which of the following instances? The auditor's checking account, which is fully insured by a federal agency, is held at a client financial institution. The ethical standards of the profession would most likely be considered to be violated if a CPA Owns a building and leases a portion of the space to an audit client. The materiality concept would be least important to an auditor when considering the Effects of a direct financial interest in the client on the CPA's independence. Which of these nonaudit services is allowed for public audit clients under rules of the PCAOB? None of these Which one of the following is allowed under the AICPA Code of Professional Conduct? Joint, closely-held investments with audit clients that are immaterial to the CPA. The AICPA Code of Professional Conduct states that a CPA shall not disclose any confidential information obtained in the course of a professional engagement except with the consent of the client. This rule should be understood to preclude a CPA from responding to an inquiry made by A CPA shareholder of the client corporation. A CPA=s retention of client records as a means of enforcing payment of an overdue audit fee is an action that is Prohibited under the AICPA Code of Professional Conduct. According to the AICPA Rules of Conduct, contingent fees are
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This note was uploaded on 07/27/2011 for the course AUDIT 307 taught by Professor N/a during the Spring '11 term at Strayer.

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ethics ch 4 - All31termsChapter4 Print List Print Cards...

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