Which of the following acts by a CPA is a violation of professional standards regarding the confidentiality of client information? Disclosure of possible fraud to parties other than the client’s senior management and those charged with governance ordinarily is not part of an auditor’s responsibility . ...
In which of the following situations is there a violation of client confidentiality under the aicpa?
In which of the following situations is there a violation of client confidentiality under the AICPA Code of Professional Conduct? A member whose practice is primarily bankruptcy discloses a client’s name.
Which of the following acts by a CPA is a violation of professional standards regarding the confidentiality of client information?
Which of the following acts by a CPA is a violation of professional standards regarding the confidentiality of client information? Disclosure of possible fraud to parties other than the client’s senior management and those charged with governance ordinarily is not part of an auditor’s responsibility . ...
Which of the following services Cannot be performed for a Nonissuer attest client quizlet?
Which of the following services cannot be performed for a nonissuer attest client? Signing payroll checks .
Which of the following activities would be most helpful to a CPA in deciding whether to accept a new audit client?
Which of the following activities would be most helpful to a CPA in deciding whether to accept a new audit client? -Evaluating the CPA’s ability to properly service the client.
Can a CPA disclose the name of a client?
The rule states that a member in public practice shall not disclose any confidential client information without the specific consent of the client . ... Even where the intent has been to warn others of pending financial harm, the courts have held that CPAs must not divulge client information.
What are the five basic principles in professional ethics?
It is divided into three sections, and is underpinned by the five fundamental principles of Integrity, Objectivity, Professional competence and due care, Confidentiality, and Professional behaviour .
Which of the following activities will impair an audit firm independence?
The following are some general activities that would be considered to impair a member’s independence: Authorizing, executing or consummating a transaction , or otherwise exercising authority on behalf of a client or having the authority to do so.
How many consecutive years may an audit partner lead an audit for an issuer?
Under the Sarbanes-Oxley Act of 2002, exactly how many consecutive years may an audit partner lead an audit for an issuer? A. Seven years .
Which of the following best describes the effect of a contingent fee arrangement?
Which of the following best describes the effect of a contingent fee arrangement on the auditor’s independence? The contingent fee arrangement impairs independence . Designs an information system for the bank that is unrelated to its accounting records.
Which of the following is an immediate family member for purposes of the family relationship rules on independence?
In California, for purposes of subdivision of Labor Code Section 2066, “immediate family member” means spouse, domestic partner, cohabitant, child, stepchild, grandchild , parent, stepparent, mother-in-law, father-in-law, son-in-law, daughter-in-law, grandparent, great grandparent, brother, sister, half-brother, half- ...
Which categories of covered members must be concerned with independence problems that might arise from gifts they receive from attest clients I team members ii other partners in the office?
What categories of covered members must be concerned with independence problems that might arise from gifts they receive from attest clients? the firm, team members, and those in a position to influence may not accept gifts from attest clients unless the value of those gifts is clearly insignificant to the recipient.
Which of the following is an attestation engagement?
An attestation engagement is an arrangement with a client where an independent third party investigates and reports on subject matter created by a client. Examples of attestation engagements are: Reporting on financial projections made by a client . Reporting on pro forma financial information formulated by a client .
How do auditors make the following representations when issuing the standard unmodified auditors report?
How do auditors make the following representations when issuing the standard (unmodified) auditors’ report? preceding the opinion paragraph . ... update the previously expressed opinion and explain the reasons for the change, including a reference to the footnote describing the change.
Which of the FF procedures would provide the most reliable audit evidence?
Which of the following procedures would provide the most reliable audit evidence? Inspection of bank statements obtained directly from the client’s financial institution . bc: When documentation is prepared solely by client personnel, its reliability is less than that prepared by the auditor or an independent party.
What are the four things required of an auditor to obtain reasonable assurance?
- plan the work and properly supervise any assistants.
- determine and apply appropriate materiality levels.
- identify and assess risks of material misstatement, whether due to fraud or error.
- obtain sufficient appropriate audit evidence.
