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Identify the deficiencies contained in Major's report on the compiled financial statements.
All organizations have communication challenges. How do you identify and address these issues as a HR professional or consultant?
Identify the errors and omissions in the auditor's report as drafted by the staff auditor. Group the errors and omissions by paragraph, where applicable.
Briefly describe the three theories of ethical behavior that can be used to analyze ethical issues in accounting.
What entities are involved in establishing standards and rules for the professional conduct of public accountants?
Describe the six Principles of Professional Conduct, and indicate which CPAs are responsible for observing these six professional ideals.
What types of personal loans from a financial institution are allowed by the Rules of Conduct? What is meant by normal lending procedures, terms.
Identify four circumstances in which confidential entity information can be disclosed under the Rules of Conduct without the entity's permission.
How are the roles of the PCAOB inspection program and the AICPA peer review program similar, and how are they different?
Prepare a summary of nonaudit services that Dean can include in his proposal that do not violate the SEC's independence rules.
Do you think the rules should be applied differently to CPAs depending on the type of entity they work for?
While completing a test of controls, you appropriately cleared two minor exceptions by examining related documents.
What is meant by proportionate liability? Contrast this legal doctrine with the doctrine of joint and several liability.
Distinguish among the four standards that have evolved for defining auditors' liability for ordinary negligence to third parties under common law.
Distinguish between the Securities Act of 1933 and the Securities Exchange Act of 1934.
What were the most significant components of the Private Securities Litigation Reform Act of 1995 and the Securities Litigation Uniform Standards Act of 1998?
What types of activities should the auditor be alert to that may violate the Foreign Corrupt Practices Act?
What actions can result in an auditor being held criminally liable under statutes and regulations?
Discuss whether City is likely to prevail on the causes of action it has raised. Set forth reasons for each conclusion.
Define what is meant by contingent liability. What three categories are used to classify a contingent liability?
Are analytical procedures required as part of the final overall review of the financial statements?
Describe the purposes of an independent engagement quality review by a quality review partner.
What audit procedures should Harper follow with respect to the existence of loss contingencies arising from litigation, claims, and assessments?
Describe the omissions, ambiguities, and inappropriate statements and terminology in Cao's letter.
What auditing procedures should Namiki consider performing to gather evidence concerning subsequent events?