A persuasive characteristics of CPA’s role in mgt. consulting services engagements is that of being a (an) independent practitioner c. objective advisor confidential reviewer d computer specialist
- A persuasive characteristics of CPA’s role in mgt. consulting services engagements is that of being a (an) independent practitioner c. objective advisor
confidential reviewer d computer specialist
- According to profession’s standards, which of the following would not be considered consulting services requirements for CPAs?
Supervising staff who are assigned to the engagement.
Maintaining independence from the client.
Complying with statements on standards for consulting services.
Obtaining an understanding of the nature, scope and limitations of the engagements.
- According to professions’ standards, which of the following would be considered consulting services?
Advisory services Implementing services Product services
Yes Yes Yes
Yes Yes No
Yes No Yes
No Yes Yes
- The technical standards that apply to MAS engagements require the MAS practitioner to do all of the following except
Maintain independence from the client.
Give support for and clearly identify any quantifiable results that are based on estimates.
Obtain an understanding concerning the nature, scope, and limitations of the MAS engagement to be performed.
Take no position which might impair the practitioner’s objectivity.
- A practitioner should reject an MAS engagement if
It would require him to make management decisions for audit client
His recommendations are to be subject to review by the client
He audits the financial statements of a subsidiary of the prospective client
The proposed engagement is not accounting related.
A and C
- The CPA who undertakes the performance of MAS engagement should bear in mind that the results should
be communicated in quantitative terms c. not be explicitly or implicitly guaranteed
not be set forth as quantitative terms d. increase the client’s earnings capabilities
- Competence in mgt. advisory services is required by
Education c. auditing and other experiences
Actual performance of mgt. advisory services d. all of these
- Factor that must be considered when defining the target level of competence of management consultants perspective and to take action needed on a calm and controlled basis without being diverted from a sound, logical and ethical course by outside pressure.
Psychological maturity c. Psychological equilibrium
Courage d. Judgment
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