auditing exam
February 19th, 2023
the midterm. The following topics will cover the majority of the questions:PCAOB – their composition, inspections, their frequency, inspection reports, Fraud – duty to detect, risks for fraud, types of fraudCPA liability – negligence, 1933 vs. 1934 acts, defensesCompilations & reviews – their similarities and differences, procedures, reportsAICPA Code of Professional Conduct – discreditable acts, feesIndependence – GAAS & PCAOB, self-review, covered members, prohibited servicesSEC & SOX – certification, internal controls, 102(e)