Questions from Accounting for Government and Non-Profit

Q: State the allowable forms of organization a CPA firm may assume.

State the allowable forms of organization a CPA firm may assume.

Q: The following situations involve the provision of nonaudit services. Indicate whether

The following situations involve the provision of nonaudit services. Indicate whether providing the service is a violation of AICPA rules or SEC rules including Sarbanes-Oxley requirements on independ...

Q: Each of the following situations involves a possible violation of the AICPA's

Each of the following situations involves a possible violation of the AICPA's Code of Professional Conduct. For each situation, state the applicable section of the rules of conduct and whether it is a...

Q: Each of the following situations involves possible violations of the AICPA's Code

Each of the following situations involves possible violations of the AICPA's Code of Professional Conduct. For each situation, state whether it is a violation of the Code. In those cases in which it i...

Q: The national stock exchanges require listed companies to have an independent audit

The national stock exchanges require listed companies to have an independent audit committee. Required a. Describe an audit committee. b. What are the typical functions performed by an audit committe...

Q: Marie Janes encounters the following situations in doing the audit of a

Marie Janes encounters the following situations in doing the audit of a large auto dealership. Janes is not a partner. 1. The sales manager tells her that there is a sale (at a substantial discount) o...

Q: Ann Archer serves on the audit committee of JKB Communications, Inc

Ann Archer serves on the audit committee of JKB Communications, Inc., a telecommunications start-up company. The company is currently a private company. One of the audit committee's responsibilities i...

Q: The following are situations that may violate the Code of Professional Conduct

The following are situations that may violate the Code of Professional Conduct. Assume, in each case, that the CPA is a partner. 1. Contel, CPA, advertises in the local paper that his firm does the au...

Q: List five examples of specific operational audits that can be conducted by

List five examples of specific operational audits that can be conducted by an internal auditor in a manufacturing company.

Q: Discuss the major factors in today's society that have made the need

Discuss the major factors in today's society that have made the need for independent audits much greater than it was 50 years ago.