Audit 6 Flashcards
1
Q
What’s considered ok for auditor to provide tax-wise?
A
Tax Planning Services
2
Q
What are ethics in Accounting for?
A
To be responsible to the public
3
Q
PCAOB - WHO?
A
2 CPAs and 3 NON-CPAs
4
Q
DOL
A
Must be independent in regards to statements filed annually to the DOL
5
Q
Obtain from current management only or also prior management?
A
Only current management, even if they werent in place earlier
6
Q
What impairs a CPA by GAGAS?
A
Resembling management, like developing policies
7
Q
Underwriters:
A
Negative assurance about unaudited interim financial info
