Questions from Auditing and Assurance

Q: Locate the AICPA Professional Standards via Checkpoint, and click on Personal

Locate the AICPA Professional Standards via Checkpoint, and click on Personal Financial Planning Services’ link. Locate Section 100 and provide four examples of PFP services

Q: Access the AICPA Professional Standards via Checkpoint, and click on By

Access the AICPA Professional Standards via Checkpoint, and click on By-laws. Under Section730, determine when can a member receive disciplinary action without a hearing?

Q: What is the penalty provided under Code Section 6662 (b)(

What is the penalty provided under Code Section 6662 (b)(2)? Where in that Code section is that penalty defined? Explain the definition in your own words.

Q: Herb Construction Company is building a hotel for speculative purposes. That

Herb Construction Company is building a hotel for speculative purposes. That is, the Company has not yet found a buyer for the hotel, but expects to do so within a few months. Herb, who expects to s...

Q: Locate the Valuation Services Standards, and explain the 2 types of

Locate the Valuation Services Standards, and explain the 2 types of valuation engagements to estimate a value.

Q: Does a tax treaty exist between the United States and Japan?

Does a tax treaty exist between the United States and Japan? If so, when was the most recent version signed?

Q: Compare the international treatment of segment reporting to the U.S

Compare the international treatment of segment reporting to the U.S. GAAP treatment.

Q: Find the Treasury Regulation that determines whether educational expenses can qualify as

Find the Treasury Regulation that determines whether educational expenses can qualify as deductible business expenses. Give the citation for the general rule within that regulation.

Q: Assume that the taxpayer has a tax issue in which the only

Assume that the taxpayer has a tax issue in which the only authorities on point are as follows: (a) a private letter ruling that favors the taxpayer’s position and (b) a Tax Court regular decision t...

Q: Use a tax service to find the definition of a material adviser

Use a tax service to find the definition of a material adviser in the Code. What type of list must the material adviser maintain? Give the authorities for your answers, using proper citation format.