Exam (elaborations)
ACC 312G - Exam One Study Guide Questions and answers | 2024/25
- Course
- Institution
ACC 312G - Exam One Study Guide Questions and answers | 2024/25
[Show more]
Content preview
ACC 312G - Exam One Study GuideQuestions and answers | 2024/25
Which part of the Certified Public Accountant (CPA) exam has the lowest passing rate?
- Auditing and Attestation (AUD)
Which is NOT a way to meet the educational requirements to become a Certified Public
Accountant (CPA) in the State of Utah? - 120 semester hours from an AACSB
accredited program
Which is NOT a requirement for becoming a Certified Internal Auditor (CIA)? -
Masters degree
ACC 312G-International Internal Auditing helps prepare one mainly for which one of the
three part Certified Internal Auditor (CIA) exam? - Part 1-Internal Audit Basics
ACC 4130-Case Studies in Internal Auditing helps prepare one mainly for which one of
the three part Certified Internal Auditor (CIA) exam? - Part 2-Internal Audit Practice
Which is not part of the mandatory guidance for the International Professional Practices
Framework? - Implementation Guidance
Which is not part of the Definition of Internal Auditing? - Confidentiality
If the first digit of a Standard is 2, what type of standard is it? - Performance
What type of Standard is 2410.C1? - Performance Consulting
Which is NOT one of the Core Principles for the Professional Practice of Internal
Auditing? - Provides error free judgment
Which is not true regarding the Okurasho? - The group controlled Japan's stock
market
Which is not true regarding the Ministry of Finance (MOF)? - The MOF was not held
responsible for huge government bailouts
Low audit fees in Japan resulted in all of the following EXCEPT: - Improved
profitability for Japanese firms
Some Japanese auditors subordinated their judgment to others due to all of the
following EXCEPT: - Low audit fee payments
, All of the following led to a credibility crisis for Japan's independent audit function
EXCEPT: - New regulatory structure for the public accounting profession
An internal auditor who knowingly is a party to an illegal activity violates which rule of
conduct? - Integrity
An internal auditor who accepts anything that may impair his or her independence
violates which rule of conduct? - Objectivity
An internal auditor who does not continue to improve her or his proficiency violates
which rule of conduct? - Competency
An internal auditor who uses information for personal gain violates which rule of
conduct? - Confidentiality
An internal auditor who does not disclose all material facts violates which rule of
conduct? - Objectivity
Which is not a limitation of Enterprise Risk Management (ERM)? - Absolute
assurance of achievement of entity objectives
Which is not a risk response of Enterprise Risk Management (ERM)? - Align mission
with risk appetite
Enterprise Risk Management (ERM) attempts to maximize value in all of the following
areas EXCEPT: - Eliminates organizational uncertainty
After the organization identifies events that may impact organizational objectives, the
next step is to - Assess impact of the event
Contingency plans should be made for events for - High impact threats with a low
likelihood of occurring
Critics were concerned that working conditions in Nike's Far Eastern production
facilities were all of the following except: - Non union
Nike's production facilities were principally located in all of the following countries
except: - Korea
Nike's code of conduct required "business partners" to do all of the following except: -
Satisfy U.S. labor standards
Which of the following were not improper practices or incidents reported by Ernst and
Young? - Refusal to pay wages for current employees
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller STUVATE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73314 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now