CPA Exam – Auditor Exam Questions with
Correct Verified Answers, Already
Passed! (Complete & Accurate)
1. Statements on Auditing Standards (SASs) - ANS ✓1. U.S. Auditing
Standards (AU)
2. Attestation Standards (AT)
3. Accounting & Review Services (AR)
4. Code of Professional Conduct (ET)
5. Bylaws of the AICPA (BL)
6. Consulting Services (CS)
7. Quality Control (QC)
8. Peer Review (PR)
9. Tax Services (TS)
10. Personal Financial Planning (PFP)
11. Continuing Professional Education (CPE)
2. PCAOB - ANS ✓As a result of the passage of the Sarbanes-Oxley Act
of 2002, auditing and related professional practice standards to be
used in the performance of and reporting on audits of the financial
statement of public companies are now established by the Public
Company Accounting Oversights Board (PCAOB) and approved by
the SEC.
3. GAAS (AU 150) - ANS ✓...
CPA Exam - Aud
, 2
CPA
4. Generally Accepted Auditing Standards - ANS ✓T - Training
I - Independence
P - Performance
S - Supervision & planning
E - Entity & its environment
E - Evidence
A - Accounting = U.S. GAAP
C - Consistency
D - Disclosure
E - Expressing an opinion
5. SASs - ANS ✓Statements on Auditing Standards (SASs)
are detailed statements issued by the Auditing Standards Board (ASB) of
the AICPA. These statements are the primary body of GAAS.
6. Procedures - ANS ✓Procedures relate to the acts to be performed.
Will vary from engagement to engagement.
7. Standards - ANS ✓Standards provide the objectives that audit
procedures are to attain and measures of the quality of procedures to
be performed. Auditing standards do not vary from engagement to
engagement.
8. Unconditional Requirements - ANS ✓Unconditional Requirements:
CPA Exam - Aud
, 3
CPA
the auditor is required to comply with an unconditional requirement in all
cases in which the requirement applies. (Must or Is Required)
9. Presumptively Mandatory Requirements - ANS ✓Presumptively
Mandatory Requirements:
The auditor is required to comply with a presumptively mandatory
requirement in all cases in which the requirement applies. May depart with
documented justification. (Should)
10. General Standards - ANS ✓General Standards:
1. Technical training & proficiency
2. Independence
3. Due professional care
11. The first general standard - ANS ✓The first general standard:
The auditor must have adequate technical training and proficiency to
perform the audit.
12. The Second General Standard - ANS ✓The Second General
Standard:
The auditor must maintain independence in mental attitude in all manners
relating to the audit.
13. The Third General Standard - ANS ✓The Third General
Standard:
The auditor must exercise due professional care in the performance of the
audit and the preparation of the report.
14. Standards of Fieldwork - ANS ✓Standards of Fieldwork:
CPA Exam - Aud
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 DoctorKen. 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.
