Strayer ACC 403 QUIZ 1 (2014)

• Question 12 out of 2 points Which of the following is not a SysTrust Services principle as defined by the AICPA?• Question 22 out of 2 points Which of the following is considered audit evidence? • Question 32 out of 2 points Any service that requires a CPA firm to issue a report about the reliability of an assertion that is made by another party is a(n):• Question 42 out of 2 points The most common way for users to obtain reliable information is to: • Question 52 out of 2 points In “auditing” financial accounting data, the primary concern is with:• Question 62 out of 2 points The Sarbanes-Oxley Act applies to which of the following companies? • Question 72 out of 2 points A correct relationship among the auditor, the client, and the external users is: • Question 82 out of 2 points ________ risk reflects the possibility that the information upon which the business decision was made was inaccurate. • Question 92 out of 2 points The three requirements for becoming a CPA include all but which of the following? • Question 102 out of 2 points Three common types of attestation services are: • Question 112 out of 2 points Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called: • Question 122 out of 2 points An accountant: • Question 132 out of 2 points Which of the following services provides the lowest level of assurance on a financial statement? • Question 142 out of 2 points One objective of an operational audit is to: • Question 152 out of 2 points The use of the Certified Public Accountant title is regulated by: • Question 162 out of 2 points In order to properly plan and perform an audit, an important fact for both the auditor and the client to understand is that: • Question 172 out of 2 points Which of the following statements best describes the primary purpose of Statements on Auditing Standards? • Question 182 out of 2 points The form that must be completed and filed with the Securities and Exchange Commission whenever a company experiences a significant event that is of interest to public investors is the: • Question 192 out of 2 points Historically auditing standards have been organized into three categories, including: • Question 202 out of 2 points Which of the following is not one of the responsibilities of an auditor under the principles underlying an audit? • Question 212 out of 2 points The legal right to perform audits is granted to a CPA firm by regulation of: • Question 222 out of 2 points The International Standards on Auditing (ISAs): • Question 232 out of 2 points The Public Company Accounting Oversight Board: • Question 242 out of 2 points The form that must be filed with the Securities and Exchange Commission whenever a company plans to issue new securities to the public is the: • Question 252 out of 2 points The “Principles Underlying an Audit in Accordance with Generally Accepted Auditing Principles” provides a framework to help auditors: • Question 262 out of 2 points Which of the following is an element of the CPA’s quality control system that should be considered in establishing its quality control policies and procedures? • Question 272 out of 2 points Statements on Standards for Accounting and Review Services are issued by the: • Question 282 out of 2 points When assessing the risk of material misstatements in the financial statements, • Question 292 out of 2 points Members of the Public Company Accounting Oversight Board are appointed and overseen by: • Question 302 out of 2 points The organization that is responsible for providing oversight for auditors of public companies is called the ________.