Of the following statements about internal control, which one is not valid? Which of the following is not prohibited by the AICPA Code of Professional Conduct?
Auditors often make use of computer programs that perform routine processing functions such as sorting and merging. This rule may preclude a CPA from responding to an inquiry made by: The auditors would be least likely to use software to: A CPA ethically could: This assurance is most likely obtained in part by: For each of the following independent cases, indicate whether Daleiden would violate the AICPA Code of Professional Conduct by engaging in the suggested practice.
His rationale is that if he had taken separate trips, each employer would have had to pay that amount. The AICPA Code of Professional Conduct states that a CPA shall not disclose any confidential information obtained in the course of a professional engagement except with the consent of the client.
Bill Adams, CPA, accepted the audit engagement of Kelly Company. As he prepares the letters requesting reimbursement, he is considering asking for the total amount of the expenses from both employers. Which of the following is most likely to provide an auditor with utmost assurance about the effectiveness of the operation of internal control? During the audit, Adams became aware of his lack of competence required for the engagement. Which of the following is an advantage of generalized audit software packages?
Forecast September sales volume using Exponential smoothing with a smoothing constant equal to. These programs are made available by IT companies and others and are referred to as: LAN is the abbreviation for: Which of the following is an example of application control activities in IT systems?
Forecast September sales volume using a weighted average using. James Daleiden, CPA, is interested in expanding his practice through acquisition of new clients. Assuming actual September usage of 92 percent, prepare a forecast for October usage. The manager of travel agency has been using a seasonally adjusted forecast to predict demand for packaged tours. The Code of Professional Conduct requires independence for all: Gillington Company, which has 1 million shares of outstanding stock, is audited by the Chicago office of Schilling; Welco of the Chicago office is the partner in charge of the audit.
In which of the following circumstances would a CPA be bound by ethics to refrain from disclosing any confidential information obtained during the course of a professional engagement? End user computing is most likely to occur on which of the following types of computers? The actual and predicted values are as follows: Gary Watson, a graduating business student at a small college, is currently interviewing for a job.
A control that is often used to prevent unauthorized access to sensitive programs is: When an online real-time OLRT IT processing system is in use, internal control can be strengthened by: The auditors would most likely be concerned with which of the following controls in a distributed data processing system? Tests of controls are most likely in which of the following situations? Which of the following is least likely to be a test of controls?