A means of assurance that internal controls are functioning as planned.
Aid to the independent auditor, who is conducting the audit of the financial statements.
The results of internal examinations of financial and accounting matters to a company's top-level management.
A measure of management performance in meeting organizational goals.
Issue a written communication expressing a conclusion about the reliability of a written assertion that is the responsibility of another party.
Provide tax advice or prepare a tax return based on financial information the CPA has not audited or reviewed.
Testify as an expert witness in accounting, auditing, or tax matters, given certain stipulated facts.
Assemble prospective financial statements based on the assumptions of the entity's management without expressing any assurance.
Regulatory accounting principles.
Cash basis of accounting.
Generally accepted accounting principles.
Liquidation basis of accounting.
Accounting and bookkeeping service.
Audits, reviews, and “other” attestation services.
Audits, verifications, and “other” attestation services.
Reviews, verifications, and “other” attestation services.
Audits, reviews, and verifications.
Auditing Standards Board.
American Institute of Certified Public Accountants.
Public Oversight Board.
Public Company Accounting Oversight Board.
Management information systems
Determine whether the financial statements fairly present the entity’s operations.
Evaluate the feasibility of attaining the entity’s operational objectives.
Make recommendations for improving performance.
Report on the entity’s relative success in attaining profit maximization.
Organization is operating efficiently and effectively.
Entity is following specific procedures or rules set down by some higher authority.
Management team is fulfilling its fiduciary responsibilities to shareholders.
None of these choices.
Financial statement audit.
Audit of financial statements.
Neither service provides assurance on financial statements.
Each service provides the same level of assurance on financial statements.
Determining whether recorded information properly reflects the economic events that occurred during the accounting period.
Determining if fraud has occurred.
Determining if taxable income has been calculated correctly.
Analyzing the financial information to be sure that it complies with government requirements.
Presentation of financial statements in accordance with generally accepted accounting principles.
Compliance with government regulations.
Efficiency and effectiveness of operations.
All three of the above are equally difficult.
Reviews of quarterly financial statements.
Preparation of corporate tax returns.
Most consulting services.
IRS agents’ examinations of taxpayer returns.
GAO auditor’s evaluation of the computer operations of governmental units.
An internal auditor’s review of a company’s payroll authorization procedures.
A CPA firm’s audit of the local school district.
Auditor’s ability to interpret accounting principles generally accepted in the United States.
Auditor’s education beyond the Bachelor’s degree.
Auditor’s ability to interpret FASB Statements.
Auditor’s accumulation and interpretation of evidence related to a company’s financial statements.
Here's an interesting quiz for you.