Exam (elaborations)
AICPA QUESTIONS & CORRECT ANSWERS
AICPA QUESTIONS & CORRECT ANSWERS
[Show more]
Content preview
AICPA QUESTIONS & CORRECT ANSWERS0.100.010 Correct Ans - Integrity and Objectivity
1.100.001 Integrity and Objectivity Rule Correct Ans - In the
performance of any professional service, a member shall maintain
objectivity and integrity, shall be free of conflicts of interest, and shall not
knowingly misrepresent facts or subordinate his or her judgment to others.
[Prior reference: paragraph .01 of ET section 102
1.200 Correct Ans - Independence
1.200.001 Independence Rule Correct Ans - A member in public
practice shall be independent in the performance of professional services
as required by standards promulgated by bodies designated by Council.
[Prior reference: paragraph .01 of ET section 101]
1.300 Correct Ans - General Standards
1.300.001 General Standards Rule Correct Ans - A member shall
comply with the following standards and with any interpretations thereof
by bodies designated by Council:
a. Professional Competence. Undertake only those professional services
that the member or the member's firm can reasonably expect to be
completed with professional competence.
b. Due Professional Care. Exercise due professional care in the performance
of professional services.
c. Planning and Supervision. Adequately plan and supervise the
performance of professional services.
d. Sufficient Relevant Data. Obtain sufficient relevant data to afford a
reasonable basis for conclusions or recommendations in relation to any
professional services performed.
(See appendix A, "Council Resolution Designating Bodies to Promulgate
Technical Standards.") [Prior reference: paragraph .01 of ET section 201]
1.700 Correct Ans - Confidential Information
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 LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$12.50. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76449 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now