Assignment From the Text 1-23 (Organizations associated with the public accounting profession) Several private and public sector organizations are associated with the profession. Listed below are activities pertaining to these organizations. REQURIED: Indicate the organization or organizations associated with each activity 1. License individuals to practice as CPAs * State Boards of Accountancy - There are 54 boards of accountancy. Licensing‚ renewing‚ and suspending or revoking licenses
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Certified Public Accountant As a Public Accountant you must have strong knowledge in accounting or at least work with the firm. Strong leadership and critical thinking‚ decision making is one of the responsibilities as an accountant. The word Public Accountant is to serve with the government and knowledge about Law’s making accurate financial statements; balance sheet‚ income statement‚ statements of cash flow including auditing‚ reporting‚ posting and balancing. An Accountant must be a positive
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AND ABEL CERTIFIED PUBLIC ACCOUNTANTS Mr. Conrad P. Saws‚ President Mt. Hood Furniture‚ Inc. 80 Fast Lane Portland‚ Oregon 97207 Dear Mr. Saws: We are pleased to confirm our understanding of the services we are to provide for Mt. Hood Furniture‚ Inc. for the year ending December 31‚ 20X3. We will audit the balance sheet of Mt. Hood Furniture‚ Inc of December 31‚ 20X3 and the statement income‚ cash flow‚ and retained earnings for the end of the year. Our objected is to audit and have
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CPA MULTIPLE CHOICE QUESTIONS -- Testing 1. An auditor confirms a representative number of A/R and investigates respondents exceptions and comments. By this procedure the auditor would be most likely to learn which of the following? a) One of the cashiers has been engaged in lapping. b) One of the sales clerks has not been preparing charge slips for credit sales to family and friends. c) The EDP control clerk has been removing all sales invoices applicable to his account from the data file
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CITY OF SMITHVILLE EVALUATION Below you will find 18 performance measures that use information from the basic financial statements of the City of Smithville (also referred to as “The City”) as of December 31‚ 2011. These measures are classified by those that address financial position‚ financial performance‚ and financial capability. FINANCIAL POSITION INDICATORS Financial position can be calculated using unrestricted net assets‚ general fund budgetary fund balance‚ capital asset condition
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physicians and other professionals. One reason is the vast number of people who may sustain damages. If a physician or attorney commits a serious error‚ the number of injured parties generally is limited to one individual patient or client. When a CPA’s report is in error‚ literally millions of investors may sustain losses. Second‚ the federal Securities Acts regarding CPAs’ liability are unique in that much of the burden of proof is shifted to the defendant. Normally‚ defendants are "presumed
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Dear Future Uhm Hi? Is it awkward? Well any‚ how are you? Are you doing fine? Am I thin already? lol How is it being a Certified Public Accountant in BIR? Is it hard or keribles naman? For sure you’re still a Kpop lover. Am I right or right? I really can’t imagine myself not loving kpop. Swear. Once a fangirl always a fangirl nga diba? So‚ have you seen L.Joe in real life? Because I haven’t #dartsaheart So is he good looking? Oh wait! I already know the answer haha I’ve heard you’re already married
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framework of guidelines for financial accounting used in any given jurisdiction which are generally known as Accounting Standards. GAAP includes the standards‚ conventions‚ and rules accountants follow in recording and summarizing transactions‚ and in the preparation of financial statements. The American Institute of Certified Public Accountants (AICPA)‚ which is the national professional organization of practicing Certified Public Accountants (CPAs)‚ designated Financial Accounting Standards Board
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illegal activity occurs. The first factor an auditor should consider is how the occurrence effects the financial statement and the penalty‚ if any‚ for the issue. The second factor to be considered is the integrity of the management staff and their reaction to the illegal occurrence. The last factor for an auditor to consider when an illegal occurrence happens is the internal controls over the financial reporting. “Smuggling” money into the US can result in fines. “Smuggling” from the Caribbean
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As an undergraduate student at Indiana University‚ I hope to accomplish my goal of becoming a Certified Public Accountant by earning an undergraduate accounting degree from the Kelley School of Business. One of my goals while on campus is to live in the Kelley LLC so I can meet people with similar passions for business and accounting. I am an excellent and self-motivated high school student‚ and I expect this to continue into college. My main academic goals while I am at IU are to enroll in the Hutton
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