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The Concept of “due care” requires
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.
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“Responsibilities Principle” requires a member to:
Under the AICPA code of professional conduct, the responsibility principle refers to maintaining public trust.
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Under the “Scope and nature of services principle; a member is required to:
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.
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An independent auditor must have which of the following?
The General Standards Rule of the AICPA Code of Professional Conduct states that the auditor must have adequate technical training as an auditor.
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A CPA who is not in public practice is obligated to follow which of the following rules of conduct?
A CPA must maintain objectivity and integrity in the performance of any professional service.
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A member of the AICPA performing an audit, review, compilation, or other professional services must abide by:
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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