Questions from Auditing and Assurance

Q: The AICPA has developed assurance services related to electronic commerce called Trust

The AICPA has developed assurance services related to electronic commerce called Trust Services. Do an online search for Trust Services on the AICPA website (www. aicpa.org). Required: a. Find and li...

Q: Do an Internet search to find the SOC 3 report for Google’s

Do an Internet search to find the SOC 3 report for Google’s Cloud Platform System for the latest period available. Required: a. Read the report. Identify the accounting firm that performed the SOC 3...

Q: Each of the following situations involves a possible violation of the Independence

Each of the following situations involves a possible violation of the Independence Rule of the AICPA’s Code of Professional Conduct. Indicate whether each situation violates the Code. If it violates t...

Q: What are the functions of the registrar, the transfer agent,

What are the functions of the registrar, the transfer agent, and the dividend-disbursing agent?

Q: Each of the following situations involves a possible violation by a member

Each of the following situations involves a possible violation by a member in industry of the AICPA’s Code of Professional Conduct. For each situation, indicate whether it violates the Code. If it vio...

Q: Perez, CPA, has been asked by a nonpublic company,

Perez, CPA, has been asked by a nonpublic company, for which Perez provides audit services, to perform a nonrecurring engagement involving implementation of an IT information and control system. The e...

Q: Becker, Inc., purchased the assets of Bell Corporation. A

Becker, Inc., purchased the assets of Bell Corporation. A condition of the purchase agreement was that Bell retain a CPA to audit its financial statements. The purpose of the audit was to determine wh...

Q: Astor Electronics, Inc., markets a wide variety of computer-

Astor Electronics, Inc., markets a wide variety of computer-related products throughout the United States. Astor’s officers decided to raise $1 million by selling shares of Astor’s common stock in an...

Q: Butler Manufacturing Corporation planned to raise capital for a plant expansion by

Butler Manufacturing Corporation planned to raise capital for a plant expansion by borrowing from banks and making several stock offerings. Butler engaged Meng, CPA, to audit its financial statements....

Q: Sleek Corporation is a public corporation whose stock is traded on a

Sleek Corporation is a public corporation whose stock is traded on a national securities exchange. Sleek hired Garson Associates, CPAs, to audit Sleek’s financial statements. Sleek needed the audit to...