Sample Exam 1

AICPA Code of Professional Conduct. Reread the Module B introduction about ScottLondon, CPA.Required:a. What code violations have occurred in this case?b. What is the range of penalties that the PCAOB could levy against London? By the California State Board of Accountancy?c. What do you think is the appropriate penalty?

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For each situation (1-5), identify the most applicable AICPA rule of conduct and whether there is a violation or no violation of the rule (A-F). One or more letters may not be used. A. Independence Rule; no violation B. Independence Rule violation C. Integrity and Objectivity Rule; no violation D. Integrity and Objectivity Rule; violation E. Accounting Principles Rule; no violation F. Accounting Principles Rule; violation 1. Sterling Stevens, CPA, was auditing Global Services Company. Global Services used an accounting principle that was not in conformity with GAAP. Nevertheless, Stevens rendered a standard unqualified audit report. 2. Christina Hall, CPA, provided expert testimony for a plaintiff. The defendant in the case was a client of Hall's. 3. Sam Miller, CPA, owned 100 shares of Johnson Drilling, Incorporated, his audit client. 4. Dewey Wise, CPA, obtained a loan from an insurance company using the cash value of the insurance policy as collateral. The loan is for less money…

A practitioner may offer a(n)________________after receiving a pre-allegation letter in order to prevent disciplinary proceedings from moving forward. A. affirmative defence B. rebuttal testimony C. contra-complaint letter D. consent to

Under Title IX the burden of proof includes all of the following except A the accused must confess B) the school must be aware of sexual harassment harassment must take place in educational setting D the school must fail to take steps to stop it Question 9 The general rule used to prove discrimination under the disparate impact concept is called the A four-fifths rule. B essential equality rule. equal results rule. D) evil intent rule.

1. Choose the ethical considerations that Amahle Khumalo should recognize in deciding how to proceed. Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. Check my work is not available. Khumalo should exercise initiative and good judgment in providing management with information having a potentially adverse economic impact Khumalo should determine whether the controller's request violates her professional or personal standards or the company's code of ethics. ? Khumalo should protect proprietary information and should not violate the chain of command by discussing this matter with the controller's superiors ?Khumalo should not try to convince the controller regarding the probable failure of reworks.

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As a student, do you feel the effects of train law? If yes , how does it affects you? If no, why do you think that you are not affected by the train law?

A person who transfers a negotiable instrument to another for consideration warrants all but which of the following? Multiple Choice 235 42,678 That the instrument has not been altered. That he or she is unaware of insolvency proceedings against the maker, acceptor, or drawer of the instrument. That the instrument is not subject to be garnished. That the signatures on the instrument are authentic and authorized. FEB 21

Lindyn is in possession of a check which contains the following indorsement, “Jules Grant, without recourse, for collection only. “ The indorsement would be classified as blank, qualified and restrictive, why?