Causey, Donald W. of Birmingham, AL
This case was inspected by AICPA and the Alabama Society of CPAs in which Mr. Causey, owner, was
accused of performing a professional service in the audit of the financial statement for employee
benefits. This was broug
Chapter 1 question
1-29: Which of the following best describes the relationship between assurance services and attest
Answer: (4) Attest and assurance services are different terms referring to the same types of
a. In planning and performing an audit, auditors are concerned about risk factors for two distinct types of
fraud: fraudulent financial reporting and misappropriation of assets. Which of the following is a risk
Chapter five questions
a) Which of the following is not a financial statement assertion made by management?
Answer: (4) Effectiveness of internal control.
b. Which of the following business characteristics is not indicativ
a. Which of the following is least likely to be considered a substantive procedure relating to payroll?
Answer: (4) Test whether employee time reports are approved by supervisors
b. Which of the following is the
Chapter 9 Questions
a. Which of the following is an element of sampling risk?
Answer: (2) Concluding that no material misstatement exists in a materially misstated population
based on taking a sample that includes no misst
a. Which of the following is not typically performed when the auditors are performing a review of client
Answer: (3) Confirmation of accounts receivable.
b. Which of the following must be
Chapter 4 questions
4-28: If a CPA performs an audit recklessly, the CPA will be liable to third parties who were unknown and
not foreseeable to the CPA for
Answer: (4) Breach of contract.
b) Which of the following approac
SIEMENS BRIBERY ACT
Oct. 01, 2016
Many ethical issues have been surfacing in the last decade due to the hand in hand prosper of
international business globalization. The ethical concerns include corruption, bribery issues