AUDITING+ASSURANCE 12MONTH ACCESS CARD
17th Edition
ISBN: 9780135635131
Author: ARENS
Publisher: WILEY
expand_more
expand_more
format_list_bulleted
Question
Chapter 1, Problem 25DQP
a.
To determine
Provide the educational criteria that are eligible for a person to attend CPA exam in state.
b.
To determine
Identify the work experience required in the state and also state whether it would a person with experience in accounting or internal auditor are qualified to become CPA.
c.
To determine
Provide a frequently asked question that is related to experience and education for the state.
d.
To determine
Explain the Elijah Watt Sells award.
e.
To determine
Provide the passing percentage for each section in CPA exam for the recent quarter.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
4. The Certified Public Accountant (CPA) exam is a uniform exam that is administered by a national organization. Licenses, however, are issued by individual states.
Explain why you think each state is responsible for issuing CPA licenses.
Choose two to three states, and compare and contrast the requirements to become a CPA. Are they fairly consistent or drastically different from each other? A helpful resource is https://www.thiswaytocpa.com/. You may also find it helpful to search the board of accountancy for each state.
Tax preparation is a large part of what many CPAs do. Students may be interested to know that a CPA (or any other licensing) is not required to prepare tax returns. Assume you know two friends who prepare tax returns for others, one is a CPA and one is not. Assume that both friends intend to move next year and will, therefore, prepare taxes in another state. Analyze this situation.
(Students should visit the SEC website, www.sec.gov, for supplemental resources.)
What is covered by Regulation S–K?
Under what circumstances is a CPA required to notify a client that a CPA is licensed by the California Board of Accountancy? What are the permissible means of making this notification? Why do you think this is a requirement?
Chapter 1 Solutions
AUDITING+ASSURANCE 12MONTH ACCESS CARD
Ch. 1 - What are the information and established criteria...Ch. 1 - Prob. 2RQCh. 1 - Discuss changes in accounting and business...Ch. 1 - Prob. 4RQCh. 1 - Identify the three main ways information risk can...Ch. 1 - Prob. 6RQCh. 1 - Prob. 7RQCh. 1 - Prob. 8RQCh. 1 - Prob. 9RQCh. 1 - Prob. 10RQ
Ch. 1 - Prob. 11RQCh. 1 - Prob. 12RQCh. 1 - Prob. 13.1MCQCh. 1 - Prob. 13.2MCQCh. 1 - Prob. 13.3MCQCh. 1 - Prob. 14.1MCQCh. 1 - Prob. 14.2MCQCh. 1 - Prob. 14.3MCQCh. 1 - Prob. 15.1MCQCh. 1 - Prob. 15.2MCQCh. 1 - Prob. 15.3MCQCh. 1 - Prob. 16DQPCh. 1 - Prob. 17DQPCh. 1 - Prob. 18DQPCh. 1 - Prob. 19DQPCh. 1 - Prob. 20DQPCh. 1 - Prob. 21DQPCh. 1 - Prob. 22DQPCh. 1 - Prob. 23DQPCh. 1 - As discussed in the chapter opening vignette and...Ch. 1 - Prob. 25DQP
Knowledge Booster
Similar questions
- Provide a list and brief description of the items covered in the AICPA Code of Professional Conduct.arrow_forwardThe use of the Certified Public Accountant title is regulated by Select one a. the Securities and Exchange Commission D. the American Institute of Certiied Public Accountants through the licensing departments of the tax and auditing committees c. the federal government d. state law through a licensing department or agency of each statearrow_forwardWhat are some reasons why someone would be interested in becoming a Certified Public Accountant?What is the process to obtain the certification?What are career opportunities and salary considerations once the certification is obtained?What are the education and experience requirements to obtain the certification?arrow_forward
- Which of the following correctly identify the requirements for both legal and personal competence for a fiduciary? Must be a U.S. citizen Must meet a minimum age requirement as specified by state law Must be capable of analyzing a situation and making decisions Must be mentally competent as required by state lawarrow_forwardWhat requirements are usually necessary to become licensed as a certified public accountant?a. Successful completion of the Uniform CPA Examination.b. Experience in the accounting field.c. Education.d. All of the abovearrow_forwardWhat must an accountant have under the AICPA Code of Professional Conduct?arrow_forward
- Under the Philippine Civil Code, answer the following question: Differentiate a License to Recruit and an authority to recruit.arrow_forwardCASE (A): A group of recent passers of the licensure examination for Certified Public Accountants are registering for the Philippine Institute of Certified Public Accountants (PICPA). The registration officer asks each of them which sub-organization under the umbrella of PICPA they would also like to be registered to. The registration officer provided them with the following choices: A. Association of Certified Public Accountants in Public Practice (ACPAPP) B. Association of Certified Public Accountants in Commerce and Industry (ACPACI) C. Government Association of Certified Public Accountants (GACPA) D. National Association of Certified Public Accountants in Education (NACPAE) For each of the certified public accountants listed below, determine which organization they would fit into considering their job profile. ____________1. Joseph is hired as an internal auditor for a fastmoving consumer goods manufacturer. ____________2. Laurence works for an auditing firm engaged in providing…arrow_forwardWhy is there a need or why is it a requirement for banking institution, building and loan association, trust company, insurance company, and so forth to have certification of the appropriate government agency in order for the Commission to accept the filing of bylaws of such institutions?arrow_forward
- By joining the AICPA, members must adhere to six major principles of Professional conduct. Discuss the six principles and how they might relate to your actions in the accounting profession?arrow_forwardWhich of the following groups sets standards for audits of federal financial assistance recipients? a. U.S. General Accounting Office b. U.S. Office of Management and Budget c. Governmental Accounting Standards Board d. Financial Accounting Standards Boardarrow_forwardIn a 3-4 page outline, create an outline of audit requirements that a nonprofit in your state would need to prepare for in conducting their annual audit. • Include the title of the requirement, the related statute, and the actions the organization would need to take to address the requirement. ■ At least one page of this outline should focus on requirements related to the board.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Intermediate Accounting: Reporting And AnalysisAccountingISBN:9781337788281Author:James M. Wahlen, Jefferson P. Jones, Donald PagachPublisher:Cengage Learning
Individual Income TaxesAccountingISBN:9780357109731Author:HoffmanPublisher:CENGAGE LEARNING - CONSIGNMENT
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning
Individual Income Taxes
Accounting
ISBN:9780357109731
Author:Hoffman
Publisher:CENGAGE LEARNING - CONSIGNMENT