Questions from Accounting for Government and Non-Profit

Q: Distinguish between independence of mind and independence in appearance. State three

Distinguish between independence of mind and independence in appearance. State three activities that may not affect independence of mind but are likely to affect independence in appearance.

Q: Identify the three categories of client objectives. Indicate how each objective

Identify the three categories of client objectives. Indicate how each objective may affect the auditor's assessment of inherent risk and need for evidence accumulation.

Q: What are the six core ethical values described by the Josephson Institute

What are the six core ethical values described by the Josephson Institute? What are some other sources of ethical values?

Q: What consulting or nonaudit services are prohibited for auditors of public companies

What consulting or nonaudit services are prohibited for auditors of public companies? What other restrictions and requirements apply to auditors when providing nonaudit services to public companies?

Q: James Burrow is the loan officer for the National Bank of Dallas

James Burrow is the loan officer for the National Bank of Dallas. National has a loan of $325,000 outstanding to Regional Delivery Service, a company specializing in delivering products of all types o...

Q: The following is an auditor's report prepared in accordance with International Standards

The following is an auditor's report prepared in accordance with International Standards on Auditing (ISAs) issued by the International Auditing and Assurance Standards Board (IAASB): INDEPENDENT AUDI...