1. What professional standards are relevant to client acceptance decisions? What general principles do these standards suggest accounting firms should apply in arriving at client acceptance decisions? Identify specific measures that accounting firms should take before deciding to accept a potential client. PCAOB AU Section 301.07 is relevant to the client acceptance decision because it states that “the auditor should establish an understanding with the client regarding the services to be performed
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auditor‚ the firm should contact local banks‚ lawyers‚ other CPA firms and other business. The firm should also do background check on the potential client. 2. If John Jones suggested I offer him a loan and instead of offering an asset as collateral he offered a lump sum of cash that covered the whole amount of the loan‚ warning signs would of went on in my head. This transaction would never transpire if this was my accounting office. CPA has a professional and moral responsibility to report illegal
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Case Study: Elise Blythe Forehand‚ Leigh Ellen Logan‚ Savanah Shore and Creslee Parrish University of Alabama at Birmingham Elise is a 40-month-old female with a diagnosis of a severe seizure disorder‚ otherwise known as epilepsy. Elise also depicts a developmental delay. At the onset of Elise’s seizures‚ she loses most of her control over her motor and communicative skills. Presently‚ the seizures occur fifteen to twenty-two times per week‚ with most of them being grand mal seizures‚ also known
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Case Study 1 = Dakz Performance Sports Apparel Module 2: Understanding the external environment (External Environment – everything external to the organisation including but not limited to: Industries‚ Markets‚ Political Forces‚ Regulations‚ Environmental Issues‚ Society‚ Technology and a variety of other factors) Q1 – Define Industry and advise about Dakz performance spots apparel Industry Definition (The grouping of similar economic or commercial activities that produce goods or services)
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Professor Pam Meyer 28 November 2011 CPA vs. Non-CPA Many people may ask‚ “What are the differences between being a CPA and just being a non-certified CPA‚” there are actually a lot of differences between the two. A CPA or Certified Public Accountant is someone who has a license to practice public accounting that is issued by their State Board of Accountancy. CPA’s‚ in contrast‚ have normally studied or majored in accounting during college‚ sat for the CPA exam‚ worked in an accounting firm for
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Alternative 1: Management being explained this demand by the CFO decide that they will create new positions and or remove current management to make room for CPAs that have training in technology to support new the institution of XBRL as well as other business technology software advancements. The company will also look for those CPAs that either have experience or have an exceptional understanding of business issues affecting companies both domestically and internationally. With the potential
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Illinois CPA Exam Information August‚ 2007 Web: www.ilboa.org E-mail: help@ilboa.org The Computer-based CPA Exam (CBT) Illinois Board Of Examiners 100 Trade Centre Drive‚ Suite 403 Champaign‚ Illinois 61820 Phone:(217) 531-0950 FAX: (217) 531-0960 Toll free (US) (866) 782-7230 Overview The final paper-and-pencil based Uniform CPA Examination was administered in November 2003. Replacing the paper-and pencil based examination is a computer-based test (CBT.) The CBT provides added examination
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UNIFORM CPA EXAMINATION HANDBOOK CALIFORNIA BOARD OF ACCOUNTANCY EXAMINATION UNIT 2000 Evergreen Street‚ Suite 250 Sacramento‚ CA 95815 Telephone: (916) 561-1703 Facsimile: (916) 263-3677 Web: www.cba.ca.gov CONTACT INFORMATION California Board of Accountancy 2000 Evergreen Street‚ Suite 250 Sacramento‚ CA 95815-3832 Main Telephone: (916) 263-3680 Fax: (916) 236-3675 Web site: www.cba.ca.gov CBA Outreach E-mail: outreach@cba.ca.gov Certifications Telephone: (916)
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Description A 30 minute test taken in class covering 10 multiple choice questions and short answer questions It will not be an open book test 3 hour examination testing understanding of concepts and techniques. Students will need to apply these to a case study. Further information regarding the format of the exam will be made available prior to the exam. It will be an open book exam Students will work in groups of 5-6 (students will be allocated to a group in week 1) Proposal (5%) Groups are required
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Two The CPA Profession 14e Vignette Discussion- CPA Firms – 4 Types (Table 2-1……..pg. 26) 1. Big Four 2. National 3. Regional 4. Large Local Major Activities of these firms * accounting and bookkeeping * taxes * consulting Six Organizational Structures p. 29 1. Proprietorship 2. General Partnership 3. General Corporation 4. Professional Corporation 5. Limited Liability Company 6. Limited Liability Partnership Typical positions in CPA firms (Table
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