Question 1: Examine the effects of the Sarbanes-Oxley Act on the CPA profession, including both positive and negative effects.
Question 2: Examine the role of the American Institute of Certified Public Accountants, including its influence and limitations.
Question 3: Analyze the 10 generally accepted auditing standards. Illustrate the use of two standards with an example.
Question 4: Examine the purpose and importance of audit reports.
Question 5: Determine the stakeholders impacted by audit reports. Analyze the impact of audit reports for each category of stakeholders.
Question 6: Analyze conditions requiring a departure and their impact on audit reports and stakeholders.