WorksheetsAccounting I HN 2.02
Total questions: 22
Worksheet time: 11mins
Lisa is applying for a position in a small insurance agency. The company wants to hire an individual that can convert its manual accounting system to a computerized system. She listed on her application that she has an accounting degree as well as an emphasis in computerized systems. These qualifications represent which type of skills?
basic skills
workplace skills
foundation skills
communication skills
Jason demonstrates accuracy and truthfulness when he works with his accounting clients. This is an example of which key principle for ethics in accounting?
competence
confidentiality
independence
integrity
Mary has applied for a position as an accounting clerk for a local company. She listed as her qualifications that she is a problem-solver and needs little direction to complete assigned tasks. These are classified as which type of skills?
21st Century skills
workplace skills
foundation skills
communication skills
John has applied for a position as chief financial officer for a Fortune 500 company. He listed as his qualifications that he is a problem-solver, has the ability to plan, and can resolve issues. These are classified as which skills?
21st Century skills
workplace skills
foundation skills
communication skills
Jamie is an accountant. She knows that she is expected to produce accurate financial reports from her audit. She knows when she submits her report to her superiors, her friend will suffer consequences for misappropriation of funds. Jamie submits an accurate report and follows which key principle for ethics in accounting?
competence
confidentiality
materiality
objectivity
Brian is an accountant in a local firm. He submits an accounting report to his manager that suggests an action that will ultimately benefit him monetarily. Which key principle for ethics in accounting has Brian violated?
competence
confidentiality
independence
materiality
Bob Martin, CPA, delivers training workshops for CPA exam candidates. In acquiring resources for his workshops, he offers each candidate $100 to provide him information on questions from the exam. Which specific rule of conduct is Martin violating?
Advertising and Other Forms of Solicitation
Acts Discreditable
Contingent Fees
Independence
Daniel Davis, CPA, only prepares tax returns in his business. He is asked to prepare an audit for Watauga Medical Center. Davis refuses to accept the engagement based on his past experience. Which general standard is being followed?
Due Professional Care
Sufficient Relevant Data
Professional Competence
Planning and Supervision
Grace Associates, a CPA firm, is preparing an audit for GWM Corporation. Grace discovers that the financial statements have been intentionally altered to reflect a higher net income. To complete the audit quickly, Grace decides to leave this matter out of the audit report. Which specific rule of conduct does Grace violate?
Confidential Client Information
Contingent Fees
Dependent
Integrity and Objectivity
Steven demonstrated his ability to work with everyone in the department at Zapps Bank, including a very shy clerk, an annoying CPA, and a very temperamental supervisor. This is an example of which twenty-first-century skill?
interpersonal
resources
systems
technology
Victoria prepared a presentation to accurately share data and pertinent information regarding her company's financial situation for a stockholders' annual meeting. She demonstrated which type of 21st Century skill?
communication
interpersonal
self - directional
problem - solving
Johnson Associates, a CPA firm, has received an order from a judge to provide copies of Mark Tate's tax return. The firm sends the copies to the court without contacting Mr. Tate for permission to release the information. Which specific rule of conduct is Johnson Associates following?
Acts Discreditable
Confidential Client Information
Contingent Fees
Independence
Joseph Miller, CPA, is preparing an audit for LRK Merchandising. During the audit year, the finance officer for LRK was terminated and charged with embezzlement. Because the court has yet to hear the case and the finance officer is a close friend of Miller, he chooses to exclude information regarding the case in the audit report. Which specific rule of conduct does Miller violate?
Confidential Client Information
Contingent Fees
Dependent
Integrity and Objectivity
Maria is careful to avoid discussing her accounting clients’ information with other people. This is an example of which key principle for ethics in accounting?
competence
confidentiality
independence
objectivity
Aneshia prepared an electronic spreadsheet, a flyer, and developed a web page. Which workplace skill did she exhibit?
information
interpersonal
systems
technology
Buck Dollar recently completed his CPA certification and is opening an office. He wants the business to be known as $AV-U-BUCK$. Which specific rule of conduct does this violate?
Independence
Commissions and Referral Fees
Contingent Fees
Form of Organization and Name
Smith CPA Firm has accepted Tough Tire Company as an audit client. Tom Smith, owner of Smith CPA Firm, is the son of Michael Smith, owner of Tough Tire Company. Which specific rule of conduct has Smith CPA Firm most likely violated?
Acts Discreditable
Confidential Client Agreement
Contingent Fees
Independence
Susie is a CPA and her brother, Todd, is an accounting software developer for Balance Your Books Software. Susie receives 10% of the sales every time one of her audit clients purchases the software. Which category of conduct is being violated?
Independence
Confidential Client Information
Commissions and Referral Fees
Advertising and Other Forms of Solicitation
Bill Carpenter, a CPA, is the Western region board member for NC FBLA. Bill's firm, Carpenter Associates, has been asked to prepare the audit for NC FBLA, and has asked that Bill be the lead auditor for the job. What specific rule of conduct will prevent Bill from accepting the offer?
Advertising and Other Forms of Solicitation
Commission and Referral Fees
Confidential Client Information
Independence
Jackson Company, a CPA firm, prepares the audit for Home Fashions, Inc. Home Fashions failed to pay Jackson Company for the prior year’s audit. Jackson Company refuses to begin the current year audit until the balance due is paid. Which category of conduct is Jackson Company following?
Independence
Contingent
Scope and Nature of Services
Confidential Client Information
Slim Stanley, CPA, has failed to complete his personal income tax returns for the past five years. Which specific rule of conduct has Slim violated?
Acts Discreditable
Confidential Client Agreement
Independence
Scope and Nature of Services
Northwest CPAs placed a sign containing the following text outside of its office: “ALWAYS A REFUND WITH US! NEVER PAY TAXES AGAIN!” Which category of conduct did Northwest CPAs violate?
Contingent Fees
Commissions and Referral Fees
Forms of Organization and Name
Advertising and Other Forms of Solicitation
