CPA Auditing and Attestation (AUD) : Ethics - AICPA
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Example Questions
Example Question #109 : Cpa Auditing And Attestation (Aud)
The Concept of “due care” requires
Best of ability
Perfection
None of the above
Continual improvement
Best of ability
According to AU 230: The auditor’s responsibility to exercise due care: “Due professional care requires the auditor to exercise professional skepticism. The auditor uses the knowledge, skill, and ability called for by the profession of public accounting to diligently perform, in good faith and with integrity, the gathering and objective evaluation of evidence. Under these guidelines, none of the answers suffice.
Example Question #110 : Cpa Auditing And Attestation (Aud)
“Responsibilities Principle” requires a member to:
All of the above
Provide information to those requesting
maintain public confidence
uphold a client’s wishes
maintain public confidence
Under the AICPA code of professional conduct, the responsibility principle refers to maintaining public trust.
Example Question #1 : Ethics Aicpa
Under the “Scope and nature of services principle; a member is required to:
be annually reviewed by the AICPA
maintain quality of control procedures
monitor other members
offer services on request
maintain quality of control procedures
Under the AICPA code of professional conduct, the “scope and nature of services” principle requires that practitioners work in firms that maintain appropriate quality control procedures.
Example Question #2 : Ethics Aicpa
An independent auditor must have which of the following?
A background in many different disciplines
A pre-existing and well informed point of view with respect to the audit
Technical training that is adequate to meet the requirements of a professional
Experience in taxation that is sufficient to comply with GAAS
Technical training that is adequate to meet the requirements of a professional
The General Standards Rule of the AICPA Code of Professional Conduct states that the auditor must have adequate technical training as an auditor.
Example Question #3 : Ethics Aicpa
A CPA who is not in public practice is obligated to follow which of the following rules of conduct?
Independence
Commissions
Integrity and objectivity
Contingent fees
Integrity and objectivity
A CPA must maintain objectivity and integrity in the performance of any professional service.
Example Question #1 : Ethics Aicpa
A member of the AICPA performing an audit, review, compilation, or other professional services must abide by:
All of the answer choices are correct
PCAOB procedures
Strict audit procedures
Professional competence
Professional competence
PCAOB procedures are to be obeyed for public company engagements. In addition to professional competence, there is due professional care, planning and supervision, and sufficient relevant data.
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