accounting 1.0 unit test
form of organization and name
bettys bookkeeping service posted a sign that stated "members of the aicpa" the owner, betty wilson, has studied to take the cpa exam but has not yet taken it. which specific rule of conduct did bettys bookkeeping violate?
independence
bill carpenter, a cpa, is the western regional board member for nc fbla. bill's firm, carpenter & associates, has been asked to prepare the audit for nc fbla, and has asked that bill be the lead auditor for the job. which specific rule of conduct is preventing bill from accepting the offer?
acts discreditable
bob martin, cpa delivers training workshops for cpa exam candidiates. in acquiring resources for his workshops, he offers each candidate $100 to provide him information on questions from the exam, which specific rule of conduct is martin violating?
form of organizations and name
buck dollar recently completed his cpa certification and is opening an office. he wants the business to be known as $AV-U-BUCK$. which specific rule of conduct does this violate?
integrity and objectivity
grace & associates, a cpa firm, is preparing an audit for gwm corporation. grace discovers that the financial statements have been intentionally altered to reflect a higher net income. to complete the audit quickly, grace decides to leave this matter out of the audit report. which specific rule of cunduct does grace violate?
independence
johnathan smith inc, a cpa firm, prepares the audit for mom's diner. mom's diner is owned by johnathans aunt. which specific rule of conduct is johnathan smith inc violating?
confidential client information
johnson & associates, a cpa firm has received an order from a judge to provide copies of mark tate's tax return. johnson sends the copies to court without contacting mr. tate for permission to release this information. which specific rule of conduct is johnson and associate following?
confidential client information
jones cpa firm received a request from aaa credit for copies of amy johnsons federal tax return. jones cpa firm sent a copy of the tax return to aaa credit without asking mrs johnson. which specific rule of conduect is jones cpa violating
integrity and objectivity
joseph miller, cpa is preparing an audit for lrk merchandising. during the audit year, the finance officer for lrk was terminated and charged with embezzlement. because the case has not yet gone to court and the finance officer is a close friend of miller, he chooses not to include information regarding the case in the audt report. which specific rule of conduct does miller violate?
accounting principles
mary baker, cpa, is preparing financial statements for the brookline company. mary determines that certain gaap requirements would be too costly for the brookeline company. mary prepares the statements but does not tell the client about not following the gaap requirements. which specific rule of conduct did mary violate?
advertising and other forms of solicitation
michael's & company, a cpa firm, has created a website in hopes of acquiring new clients. the website states "with michaels and company, your refunds will ALWAYS be bigger." which specific rule of conduct is being violated?
professional competence
nancy smith cpa has only prepared financial reports in her own business. she has been asked to prepare a federal tax return for michael brown. smith refuses to accept the engagement based on her experiences. which general standard is being followed?
acts discreditable
russell and associates, a cpa firm has received a request from sally thompson for her tax records. russell refuses to release the records. which specific rule of conduct is russell and associates violating?
commission and referral fees
samuel is a cpa whose sister janet is a sales representative for ez accounting software. samuel reccommends ez accounting software for all of his audit clients. janet pays samuel 5% of sale every time one of the clients purchases the software. which specific rule of conduct is being violated?
acts discreditable
slim stanley, cpa has not completed his personal income tax returns for the past five years. which specific rule of conduct has slim violated?
independence
smith cpa firm has accept tough tire company as an audit client. tom smith, owner of smith cpa firm, is the son of michael smith, owner of tough tire company. which specific rule of conduct is smith cpa most likely violating?
sufficient relevant data
villanova cpa firm is preparing an audit for western regional library association. information related to the library's debt is not included in the financial statements. which general standard has been violated?
