compliance audit 2) GAO‚ operational audit 3) CPA‚ operational audit 4) Internal‚ financial statement audit 5) GAO‚ operational audit 6) CPA‚ financial statement audit 7) GAO‚ financial statement audit 8) IRS‚ compliance audit 9) Internal‚ financial statement audit 10) IRS‚ compliance audit 11) Internal‚ financial statement audit 12) GAO‚ compliance audit 1-22 A. The conglomerate should engage to conduct the operational audit with a CPA. B. Major problems auditors likely encounter in
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Richmond‚ Virginia. Although King and Company CPAs‚ a Richmond firm‚ had previously audited Lakeside‚ Rogers has recently become aware of the CPA firm of Abernethy and Chapman from reading several advertisements. His interest in the firm was heightened when he discovered that Abernethy and Chapman audit the primary bank with which he does business. During March of 2012‚ Rogers contacted his banker who arranged for Rogers to have lunch with one of the CPA firm’s partners. At that time‚ a wide-ranging
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their services. CPA’s have an obligation to serve their clients and the public with a strict code of ethics. The Code of Professional Conduct of the American Institute of CPAs (AICPA) establishes ethical principles and rules of conduct for its members. The principles set in place by the AICPA provide universal guidelines that CPAs should strive to follow. CPA’s should serve as their client’s moral conscience. As professionals‚ they serve a critical role in society. They also have a responsibility
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CPA Emphasis-Specific Courses Adv Financial Acctg or Business Law Financial Management Capstone Managerial Finance Advanced Managerial Finance External Auditing CPA Exam Preparation Courses CPA Exam Preparation-Auditing and Attestation CPA Exam Preparation-Bus Envir and Concepts CPA Exam Preparation-Financial Acctg and Reporting CPA Exam Preparation-Regulation Still Needed: Still Needed: Still Needed: Still Needed:
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A. Financial statement audits of federal organizations made by the Government Accountability Office. B. Financial statement audits of federal programs made by state auditors. C. Financial statements of federal grants made by independent CPAs. D. All of the above. 3. The single audit concept refers to A. All audits of state and local government reporting entities. B. Audits to determine efficiency and economy. C. Audits following the Single Audit Act of 1984 (with 1996
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attempting to ban the CPA. Menzies tried to ban the CPA two times. The first time was in 1950‚ when the Liberal Party introduced the Communist Party Dissolution Bill (CPDB). Menzies tried to make it a law so that the CPA would become illegal. However‚ this was unsuccessful as the Australian Labor Party (ALP) and many other unions opposed it as this would lead to the Liberal Party to ban any minority group they wanted including the ALP. The second way Menzies tried to prohibit the CPA was by having a Communist
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financial adviser or Certified Public Accountants (CPA) only to lose it all in a fraudulent Ponzi scheme. In today’s world of business many organizations‚ financial planners and accountants are in the news due to the financial ethical breaches that have affected their customers‚ employees‚ and the general public. A CPA has to be responsible for their audits and take any punishments as a result of their mistakes‚ incompetence or illegal actions. CPAs are expected to have integrity in their work‚ confidentiality
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Chapter 1 #18 a. The services provided by Consumers Union are very similar to assurance services provided by CPA firms. The services provided by Consumers Union and assurance services provided by CPA firms are designed to improve the quality of information for decision makers. CPAs are valued for their independence‚ and the reports provided by Consumers Union are valued because Consumers Union is independent of the products tested. 1-18 (continued) b. The concepts of information risk for
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MINICASE: ACCT – 17 TEACHING NOTES BUSINESS ETHICS PROGRAM Ignore the Error? Teaching Notes What Are the Relevant Facts? 1. Kelsey‚ the audit senior‚ knows a material cutoff error exists in Compo’s financial statements. 2. Compo‚ a major client of the CPA firm‚ does not want to make an adjustment for the cutoff error. 3. 4. What Are the Ethics of the Alternatives? • Contrary to the firm’s policy‚ Bruce‚ the audit manager‚ has asked Kelsey not to document the cutoff error. What Are the Ethical Issues
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goal of being a CPA (certified public accountant) will be closely in reach after working as an accountant for at least 2000 hours. So my medium range goal is to be done with my 4-year degree and starting to work as an accountant. Finally my long-term goal (beyond five years) is to become the most elite level of an accountant‚ a CPA. To attain this goal I will have to do two main tasks. Just like I previously stated in my medium range goals‚ I will have work for 2000 hours under a CPA. And two‚ I will
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