Professional Standards

Question 1

Define Interpretive Publications and list 3 examples

Answer 1

Guidance that is outside of the standards
o Appendices to Statements on Auditing Standards
o Auditing guidance included in AICPA and Accounting Guides
o Auditing interpretations of the Statement on Auditing Standards

Question 2

Give 4 Examples of Auditing Publications

Answer 2

o Journal of Accountancy
o AICPA’s CPA Letter
o Continuing professional education programs
o Textbooks

Question 3

List and Define the 2 categories of professional requirements

Answer 3

Unconditional Requirements: no exceptions (Must)

Presumptive Mandatory: rare exceptions are permitted (should)

Question 4

Name the 2 other AICPA guidance that are NOT considered requirements

Answer 4

Application and other expanatory material - (may, might, or could)

Interpretive publications