An audit of prospective financial information No Yes Answer B Terms Commissions

An audit of prospective financial information no yes

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An audit of prospectivefinancial informationNoYesAnswer: BTerms: CommissionsDiff: ModerateObjective: LO 4-7AACSB: Ethical understanding and reasoning abilities31
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6) The AICPA's Code of Professional Conduct states that a CPA should maintain integrity and objectivity. The term "objectivity" in the Code refers to a CPA's ability to:DTerms: AICPA Code of Professional Conduct; ObjectivityDiff: ModerateObjective: LO 4-7AACSB: Ethical understanding and reasoning abilities7) Which of the following is required for a firm to designate itself "Member of the American Institute of Certified Public Accountants" on its letterhead?BTerms: Members of the AICPA requirementsDiff: ModerateObjective: LO 4-7AACSB: Ethical understanding and reasoning abilities8) CPAs are prohibited from which of the following forms of advertising?DDiff: ChallengingObjective: LO 4-7AACSB: Ethical understanding and reasoning abilities9) Which of the following would be considered a violation of the AICPA Code of Conduct?A) The CPA makes the audit files available to the client's bank without the permission of the client.B) The CPA firm charges a contingent fee for nonattestation services to a client for whom he does not perform any attestation services.C) The CPA firm takes a prospective client to lunch to discuss auditing services. D) A CPA firm uses the name San Diego Tax Specialists.Answer: ATerms: Code of ethicsDiff: ModerateObjective: LO 4-7AACSB: Ethical understanding and reasoning abilities32
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10) Rule 301 of the AICPA's Code of Professional Conduct requires CPAs to maintain the confidentiality of client information. This rule would be violated if a CPA disclosed information without a client's consent as a result of a:DTerms: ConfidentialityDiff: ModerateObjective: LO 4-7AACSB: Ethical understanding and reasoning abilities
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