CHapters 1-5 test review

CHapters 1-5 test review - ACCT 411 summer 2010 Kubichan...

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ACCT 411 summer 2010 Kubichan Chapter 1 -5 Exam review Chapter 1 1. Definition of accounting and auditing 2. Definition of assurance services 3. The five categories of attestation services 4. Definitions of operational and compliance audits 5. Requirements for becoming a CPA and which bodies govern CPAs Chapter 2 1. Understand the relationships and functions of the PCAOB, SEC, AICPA 2. Know which standards apply to which services and who creates them a. PCAOB auditing standards – audits of public co b. GAAP and SAS – audits of private co c. SSARS – accounting and review standards d. International auditing standards e. Quality control standards for firms 3. Know the 10 generally accepted auditing standards and their breakout into general, fieldwork, and reporting standards Chapter 3 1. Know the content of the standard audit report and its components a. Introductory paragraph b. Scope c. Opinion 2. Know the 5 requirements to have an unqualified opinion a. All statements present b. Were able to follow the general standards of GAAS
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This note was uploaded on 04/09/2012 for the course ACC 411 taught by Professor Staff during the Spring '12 term at Old Dominion.

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CHapters 1-5 test review - ACCT 411 summer 2010 Kubichan...

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