ACCY 690 QUESTIONS WITH ACCURATE ANSWERS
___ can be defined as the broad professional knowledge, attitude, and skills
require in order to work in a specialized area or profession correct answer
professional competence
___ contains the statements on quality control standards (SQCSs) correct answer
QC section 10 issued by the AICPA
___ lay out the requirements for policies and procedures that compromise a
firm's system of quality control correct answer statements on quality control
standards (SQCSs)
a CPA in Tennessee would be required to report his or her CPE hours correct
answer bi-annually
A major flaw of the Preliminary Condition of 1964 was the lack of clarified
guidance on __ correct answer Independence
a service concession arrangement is an agreement between a correct answer
grantor and operating entity
according to the NASBA registry, which of the following would be considered a
technical skill correct answer auditing
According to the textbook, which of the followning was NOT a main reason for the
"crisis in accounting ethics" correct answer Attention to principles over rules
,(accounting scandals, transition from a profession to a business, failure to self-
regulate ARE)
according to the U.S. bureau of labor statistics, between 2010 and 2020,
accounting jobs are expected to correct answer increase by 16%
all of the following were sections in the 1972 restatement EXCEPT correct answer
interpretaions on independence
(Concepts of Professional Ethics, Rules of conduct, interpretations of Rules of
Conduct ARE)
around how many companies are registered with the PCAOB correct answer
2,300
audit is a fact-finding process that compares actual results with correct answer
specified standards and plans
competence may be developed thorugh which of the following correct answer
education
continuing professional development
training
all of the above
condorsement is a cross between convergence and ___ correct answer
endorsement
, continuing professtional education (CPE) is defined as correct answer continuing
education to maintain current knowledge and skills
During the period of "a newly-forged professionalism", the purpose of the Rules
was to mark off some noteworthy way in which to practice as a professional. This
includes correct answer a sense of honor
a sense of fairness
Both A and B
During the period of "incipient legalism", what event caused there to be a
reciprocal relationship between government (i.e. SEC) and the accounting
profession correct answer The securities Act of 1933 and 1934
FASB was created shortly after the AICPA approved recommebdations from whom
correct answer The Wheat Committee
from where does NASBA receive most of its funding correct answer uniform CPA
Exam Fees from Students
how many CPE hours are CPA's in mississippi required to report correct answer 40
how many members service the FASB full time correct answer 7
how many state boards of accountancy is national association of state boards of
accountancy dedicated to serving correct answer 55 state boards
___ can be defined as the broad professional knowledge, attitude, and skills
require in order to work in a specialized area or profession correct answer
professional competence
___ contains the statements on quality control standards (SQCSs) correct answer
QC section 10 issued by the AICPA
___ lay out the requirements for policies and procedures that compromise a
firm's system of quality control correct answer statements on quality control
standards (SQCSs)
a CPA in Tennessee would be required to report his or her CPE hours correct
answer bi-annually
A major flaw of the Preliminary Condition of 1964 was the lack of clarified
guidance on __ correct answer Independence
a service concession arrangement is an agreement between a correct answer
grantor and operating entity
according to the NASBA registry, which of the following would be considered a
technical skill correct answer auditing
According to the textbook, which of the followning was NOT a main reason for the
"crisis in accounting ethics" correct answer Attention to principles over rules
,(accounting scandals, transition from a profession to a business, failure to self-
regulate ARE)
according to the U.S. bureau of labor statistics, between 2010 and 2020,
accounting jobs are expected to correct answer increase by 16%
all of the following were sections in the 1972 restatement EXCEPT correct answer
interpretaions on independence
(Concepts of Professional Ethics, Rules of conduct, interpretations of Rules of
Conduct ARE)
around how many companies are registered with the PCAOB correct answer
2,300
audit is a fact-finding process that compares actual results with correct answer
specified standards and plans
competence may be developed thorugh which of the following correct answer
education
continuing professional development
training
all of the above
condorsement is a cross between convergence and ___ correct answer
endorsement
, continuing professtional education (CPE) is defined as correct answer continuing
education to maintain current knowledge and skills
During the period of "a newly-forged professionalism", the purpose of the Rules
was to mark off some noteworthy way in which to practice as a professional. This
includes correct answer a sense of honor
a sense of fairness
Both A and B
During the period of "incipient legalism", what event caused there to be a
reciprocal relationship between government (i.e. SEC) and the accounting
profession correct answer The securities Act of 1933 and 1934
FASB was created shortly after the AICPA approved recommebdations from whom
correct answer The Wheat Committee
from where does NASBA receive most of its funding correct answer uniform CPA
Exam Fees from Students
how many CPE hours are CPA's in mississippi required to report correct answer 40
how many members service the FASB full time correct answer 7
how many state boards of accountancy is national association of state boards of
accountancy dedicated to serving correct answer 55 state boards
