AUD每日一练512292.pdf

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1、财经网络教育领导品牌_高顿网校 All Rights Reserved版权所有 复制必究1AICPA考试AUD每日一练51.Which of the following would be acceptable for a CPA firm?a.Designating itself as CPAs when not all of its owners are CPAs.b.Using a CPA partnership name that includes the names of past owners.c.Designating itself as“Members of the AICPA”

2、when not all CPA owners are members.d.Continuing to use a partnership name five years after becoming a sole practitioner.【答案】b【解析】Choice 2 is correct.It is acceptable to use the names of one or more past owners.Choice 1 is incorrect.A firm may not designate itself as CPAs when not all of its owners

3、areCPAs.Choice 3 is incorrect.A firm may not designate itself as“Members of the AICPA”when not allCPA owners are members.Choice 4 is incorrect.A firm may not continue to use a partnership name for more than twoyears after becoming a sole practitioner.2.Nissen,CPA,is a registered public accounting fi

4、rm.Which situation is least likely to violatePCAOB independence standards?a.Nissen accepts an engagement in which the engagement fee is dependent upon the resultsof the audit.b.Nissen provides tax services to the CEP of an audit client.c.Nissen provides non-audit services related to internal control

5、 to an audit client.d.Nissen provides tax services related to an aggressive tax transaction.【答案】c【解析】Choice 3 is correct.Non-audit services related to internal control must be communicatedto the audit committee in writing,but they are not prohibited.The potential effects of theservices should be dis

6、cussed with the audit committed.Choice 1 is incorrect.An engagement in which the fee is dependent upon the results of theaudit(a contingent fee)is prohibited by PCAOB independence standards.Choice 2 is incorrect.Registered public accounting firms may not provide any tax services tocorporate officers

7、 of the audit client.Choice 4 is incorrect.Registered public accounting firms may not provide to audit clients anytax services related to certain aggressive tax transactions.财经网络教育领导品牌_高顿网校 All Rights Reserved版权所有 复制必究23.An auditor performs a search for unrecorded liabilities to ascertain that all p

8、ayables have beenrecorded in the proper period.The search may be performed in each of the following areasexcepts:a.Unmatched invoices and unbilled receiving reports.b.Significant payments subsequent to the end of the period.c.Significant payments prior to the end of the period.d.Unbilled professiona

9、l fees at the end of the period.【答案】c【解析】Choice 3 is correct.The search for unrecorded liabilities focuses on identifying itemsthat should have been but were not included in the year-end payable balance.Payments madeprior to year-end reflect items that are no longer liabilities.Choice 1 is incorrect

10、.Unmatched invoices and unbilled receiving reports may indicate that anunrecorded liability exists.Choice 2 is incorrect.Payments made subsequent to the end of he period may relate toliabilities in existence at year-end.Choice 4 is incorrect.Unbilled professional fees may not be properly recorded as

11、 year-endliabilities.4.Lou,CPA,is reviewing the financial statements of Trading Corporation and becomes aware ofa material departure from generally accepted accounting principles.What is the proper nextcourse of action for Lou to take?a.Modify the report by adding a separate paragraph disclosing the

12、 departure.b.Modify the report by stating that,with the exception of the matter noted,Lou is not awareof any material modifications that should be made.c.Withdraw from the engagement and provide no further services.d.Recommend that Trading Corporation revise the financial statements to conform togen

13、erally accepted accounting principles.【答案】d【解析】Choice 4 is correct.The accountant should recommend that the financial statements berevised to conform to generally accepted accounting principles.If the financial statements arenot revised,then the accountant might consider modifying the report,or,if m

14、odification isinadequate,withdrawing from the engagement.Choices 1,2,and 3 are incorrect,based on the above explanation.财经网络教育领导品牌_高顿网校 All Rights Reserved版权所有 复制必究35.Determining that proper amounts of depreciation are expensed provides assurance aboutmanagements financial statement assertion(s)of:a

15、.Completeness.b.Valuation and allocation.c.Rights and obligations.d.Existence.【答案】b【解析】Choice 2 is correct.Determining that proper amounts of depreciation are expensed relateto the allocation of asset cost over time and the valuation of fixed assets on the balance sheet.Choices 1,3,and 4 are incorrect.Determining that proper amounts of depreciation areexpensed does not provide evidence of completeness,rights and obligations,or existence.参与AICPA的考生可按照复习计划有效进行，另外高顿网校官网考试辅导高清课程已经开通，还可索取证券考试通关宝典，针对性地讲解、训练、答疑、模考，对学习过程进行全程跟踪、分析、指导，可以帮助考生全面提升备考效果。更多详情可登录高顿网校官网进行咨询，也欢迎您关注我们的官方微信（微信号：gaodunaicpa）。