1.How USPAP relates to standards of all types of appraisal services? 2.How and why the USPAP is accepted by the standards of the professional appraisal practice in North America?
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1.How USPAP relates to standards of all types of appraisal services?
2.How and why the USPAP is accepted by the standards of the professional appraisal practice in North America?
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- Which is the first step within the hierarchy of guidance when selecting accounting policies? a. Apply a standard from PFRS (IFRS) if it specifically relates to the transaction b. Apply the requirements in PFRS (IFRS) dealing with similar and related issue c. Consider the applicability of the definitions, recognition criteria and measurement concepts in the Conceptual Framework d. Consider the most recent pronouncements of other standard setting bodiesReferring to the professional standards (AU-C 210), what is BDO’s responsibility with respect to communicating with EY?Accounting Question
- distinguish between audit, attest, and assurance services. What is GAAS? Which agency is responsible to set these standards in the U.S.?Which of the following is the first step within hierarchy of guidance to which management refers, and whose applicability at considers, when selecting accounting policies? A. Apply the requirements in PFRS dealing with similar and related issues B. Apply a standard from PFRS if it specifically relates to the transaction, event, or condition C. Consider the applicability of the definitions, recognition criteria, and measurement concepts in the Conceptual Framework D. Consider the most recent pronouncements of other standard-setting bodies to the extent they do not conflict with PFRS or the Conceptual Framework?Give typing answer with explanation and conclusion 1.The duty of performance requires agents to live up to which of the following standards? Good faith and fair dealing Reasonable care and skill in performing their work The level of performance required under the Uniform Commercial Code Expert performance at all times
- The GAAP hierarchy lists which source of authoritative accounting guidance as highest in priority? a. AICPA Practice Bulletins b. GASB Implementation Guides c. GASB Technical Bulletins d. GASB Statements3.What is the AICPA's Code of Professional Conduct and give some examplesWhich of the following accounting areas is NOT significantly affected by international activity? a. overhead allocation b. recognition principles c. auditing standards d. all are significantly affected
- 38. This approach is useful for compliance reviews where operators should do what the contract, law, regulation, or procedures documentation requires .It also useful for financial reviews, where accountants and others involved in record keeping and preparing financial statements must adhere to applicable accounting standards. Group of answer choices Cause and Effect Value Stream Map Process Flow Map Force Field AnalysisListed below are selected Rules of Conduct and ethical problems. Match the rule with the problem to which it applies. (One Rule of Conduct may apply to more than one ethical problem.) Rules A. Independence B. Integrity and objectivity C. General standards D. Compliance with standards E. Accounting principles F. Contingent fees G. Acts discreditable H. Advertising and other forms of solicitation 1. Commissions and referral fees J. Form or practice and name Rules A CPA performs tax services that the CPA is not competent to perform. An audit client owes the CPA past-due audit fees. A CPA robs a service station. The auditors fail to qualify their opinion on financial statements that do not properly apply FASB standards. A CPA accepts a percentage of the client's loan as an audit fee.Accounting Theoretical Question. In developing accounting policies, what weight should be given to industry-specific practices versus general accounting principles? Examine the tension between standardization and specialized reporting needs. Where should accountants draw the line between conformity and customization? How might this balance affect the comparability of financial information across industries?
