NOTICE: THE CPANET FORUM HAS MOVED!!!
PLEASE VISIT THE NEW FORUM AT: HTTP://CPAFORUM.CPANET.COM/
this forum will remain available for archive purposes only. SEE YOU AT THE NEW FORUM!!

  Active TopicsActive Topics  Display List of Forum MembersMemberlist  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin
AUD - Auditing & Attestation (Forum Locked Forum Locked)
 CPAnet Forum : AUD - Auditing & Attestation
Subject Topic: Please help Post ReplyPost New Topic
  
Author
Message << Prev Topic | Next Topic >>
mapaksw1107
Newbie
Newbie


Joined: 15 Nov 2010
Location: Korea, South
Online Status: Offline
Posts: 13
Posted: 25 Jan 2011 at 21:04 | IP Logged Quote mapaksw1107

A CPA wishes to determine how various publicly-held companies have complied with the disclosure requirements in a statement of financial accounting standars. Which of the following information sources would the CPA most likely consult this information?

a. AICPA Accounting Trends & Techniques

b. FASB technical Bulletins

c. AICPA Audit and Accounting Manual

d. FASB Statements of financial accounting concepts

 

An auditor is requried to obtain an understanding of the entity's business, including business cycles and reasons for business fluctuations. What is the audit purpose most directly served by obtaining this understanding?

a. To enable te auditor to accurately identify significant deficiencies.

b. To assist the auditor to accurately interpret information obtained during an audit

c. To allow the auditor to more accurately perform tests of controls

d. To decide whether it will be neccessary to perform analytical procedures

 

can anyone answer this questions and explained why??

Back to Top View mapaksw1107's Profile Search for other posts by mapaksw1107
 
zizzoty
Newbie
Newbie


Joined: 07 Jan 2011
Online Status: Offline
Posts: 5
Posted: 25 Jan 2011 at 21:25 | IP Logged Quote zizzoty

mapaksw1107 wrote:

A CPA wishes to determine how
various publicly-held companies have complied with the
disclosure requirements in a statement of financial
accounting standars. Which of the following information
sources would the CPA most likely consult this
information?


a. AICPA Accounting Trends & Techniques


b. FASB technical Bulletins


c. AICPA Audit and Accounting Manual


d. FASB Statements of financial accounting
concepts



An auditor is requried to obtain an understanding of
the entity's business, including business cycles and
reasons for business fluctuations. What is the audit
purpose most directly served by obtaining this
understanding?


a. To enable te auditor to accurately identify
significant deficiencies.


b. To assist the auditor to accurately interpret
information obtained during an audit


c. To allow the auditor to more accurately perform
tests of controls


d. To decide whether it will be neccessary to perform
analytical procedures



can anyone answer this questions and explained why??


1.A. The AICPA Trends and technique list out the
procedures and how 500 top companies apply accounting
rules. This is a good resource for CPA that want to know
how companies are applying accounting principles and
rules to the everyday business.

2. Im guessing B
Back to Top View zizzoty's Profile Search for other posts by zizzoty
 
mapaksw1107
Newbie
Newbie


Joined: 15 Nov 2010
Location: Korea, South
Online Status: Offline
Posts: 13
Posted: 25 Jan 2011 at 21:30 | IP Logged Quote mapaksw1107

thank you so much~~
Back to Top View mapaksw1107's Profile Search for other posts by mapaksw1107
 



Sorry, you can NOT post a reply.
This forum has been locked by a forum administrator.


  Post ReplyPost New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

Powered by Web Wiz Forums version 7.9
Copyright ©2001-2010 Web Wiz Guide

This page was generated in 0.1055 seconds.

Copyright 1996-2010 CPAnet/MizWeb Communities All Rights Reserved
Twitter
|Facebook | CPA Links |CPA Exam Club | About | Contact | Newsletter | Advertise & Promote|Expanded Listings