WGU D215 Auditing Pre-test 1. v (Top 2024/2025 EXAM REVIEW PAPERS / GRADED A+/ 100% Accurate)

WGU D215 Auditing Pre-test 1. Which type of work performed by a CPA is an attestation service? Risk advisory Website security assurance Data integrity Financial statement review -Financial statement review 2. Which entity may obtain audited financial statements to ensure a company is complying with industry regulations? Lenders Consumers Governments General public -Governments 3. Which group performs an audit and review of financial statements to ensure financial statement users' needs are met? Internal auditors The Internal Revenue Service (IRS) Independent third-party auditors The Financial Accounting Standards Board (FASB) -Independent third-party auditors 4. Which type of report should be issued if an auditor has determined that a company has maintained effective internal controls over financial reporting for the period under audit? Adverse Qualified Disclaimer Unqualified -Unqualified 5. A new CPA is aware of how accounting affects stakeholders. Which characteristic of professionalism is motivating this awareness? Level of expertise Advanced certification Professional judgment Concern for the public interest -Concern for the public interest 6. Which component of the AICPA Code of Professional Conduct provides the tenets of ethical conduct that govern the professional responsibility of its members? Morals Principles Interpretations Rules of conduct -Principles 7. A CPA firm provides tax services for a large automotive client. Over the years, the client has continually pushed for aggressive tax strategies that the CPA does not always agree with. While performing the current year tax return, the client threatens to discontinue the relationship with the CPA firm if they continue to disagree with the strategies presented. Which type of threat to ethical decision-making is demonstrated by this practice? Self-review Self-interest Adverse interest Undue influence -Undue influence 8. A CPA has prepared a couple's joint tax returns for 10 years, but the couple is now experiencing a complicated divorce where both parties wish to claim the same child as a dependent. The CPA agrees to work with both clients on their tax returns. Which standard of the AICPA Code of Professional Conduct is being violated by this CPA's action? Independence Contingent Fees Accounting Principles Integrity and Objectivity -Integrity and Objectivi