MAS CHAPTER 1

Management services of certified public accountant cover all of the following except:

• project feasibility study

• system design, development and implementation

• organizational development and planning

• udit, tax, and legal services

The following characterize management advisory services except:

• involve decisiondecision for the future.

• utilize more junior staff than senior members of the firm

• broader in scope and varied in nature

• relate to specific problems where expert help is required

Which of the following does not relate to management services by CPAs?

• design and/or installation of accounting system

• financial analysis for project feasibility studies

• costs analysis of major investment decisions

• none of the above

Which of the following is not a characteristic of Management Advisory Services?

• MAS is repetitive as far as the same client is concerned

• MAS involves problem-solving affecting the future of the client

• beneficiary of service is management

• MAS is broad in concept

Which of the following is not a characteristic of management services?

• A wider variety of assignments are encountered in MAS that in audit

• MAS engagements are recurring

• MAS pinpoint actions to be taken, the benefits of which will be received in the future

• In MAS engagement, the nature of work involved requires a lesser need for junior assistance

As a consultant, the CPA practitioner should

• exercise administrative control over the clients staff to avoid unnecessary delays in implementation

• conduct his engagement as if he is a member of the client's organization

• ncouencourage dependence of client on the consultant's staff so as to pin point clear responsibility in implementing system

• Not take responsibility for making decisions and policy judgement in MAS engagement