Is a CPA review course useful?

Is a CPA review course useful?
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Answer :

Becoming a certified public accountant (CPA) is not easy. There is a great deal of work involved with becoming a professionally qualified accountant. Such work includes a considerable amount of formal education combined with a natural bent for the work involved. And, of course, those wishing to be a CPA must pass the formal test to be properly certified. Yes, the "C" in CPA stands for "certified" and passing the required exam is a must.
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Related questions

In which of the following circumstances would a CPA be bound by ethics to refrain from disclosing any confidential information obtained during the course of a professional engagement? a. The CPA is issue a summons enforceable by a court order which orders the CPA to present confidential information. b. A major stockholder of a client company seeks accounting information from the CPA after management declined to disclose the requested information. c. Confidential client information is made available as part of a quality review of the CPA's practice by a peer review team authorized by the PICPA. d. An inquiry by a disciplinary body of PICPA requests confidential client information

Description : In which of the following circumstances would a CPA be bound by ethics to refrain from disclosing any confidential information obtained during the course of a professional engagement? a. The CPA is ... the PICPA. d. An inquiry by a disciplinary body of PICPA requests confidential client information

Last Answer : A major stockholder of a client company seeks accounting information from the CPA after management declined to disclose the requested information

For which of the following services is a CPA professional not required to be independent? a. Tax returns preparation b. Audits of historical financial statements c. Review engagement d. Examination of a forecast

Description : For which of the following services is a CPA professional not required to be independent? a. Tax returns preparation b. Audits of historical financial statements c. Review engagement d. Examination of a forecast

Last Answer : Tax returns preparation

For which of the following services is a CPA professional required to be independent? a. Audits of historical financial statements b. Review services c. Examination of prospective financial statements d. All of the above

Description : For which of the following services is a CPA professional required to be independent? a. Audits of historical financial statements b. Review services c. Examination of prospective financial statements d. All of the above

Last Answer : All of the above

The term "accountant" has been used by Auditing and Assurance Standards Council to refer to a CPA in public practice who is engaged to: a. Audit financial statements. b. Review financial statements. c. Apply agreed-upon procedures. d. Compile financial statements

Description : The term "accountant" has been used by Auditing and Assurance Standards Council to refer to a CPA in public practice who is engaged to: a. Audit financial statements. b. Review financial statements. c. Apply agreed-upon procedures. d. Compile financial statements

Last Answer : Compile financial statements

The Code of Professional Ethics states, in part, that a CPA should maintain integrity and objectivity. Objectivity refers to the CPA's ability to a. Determine accounting practices that were consistently applied. b. Maintain an impartial attitude on all matters which come under his review. c. Determine the materiality of items. d. Insist on all matters regarding audit procedures.

Description : The Code of Professional Ethics states, in part, that a CPA should maintain integrity and objectivity. Objectivity refers to the CPA's ability to a. Determine accounting practices that were consistently ... . c. Determine the materiality of items. d. Insist on all matters regarding audit procedures.

Last Answer : Maintain an impartial attitude on all matters which come under his review.

The QRC shall have the following functions: a. Conduct quality control review on applicants for registration to practice public accountancy and render a report on such quality review. b. Mete out sentences of imprisonment to CPAs who fail to present a valid system of quality control. c. Revoke the certificate of registration and professional ID of an individual CPA, firm, or partnership of CPAs who have not observed quality control measures and who has not complied with the standards of quality prescribed for the practice of public accountancy. d. All of these

Description : The QRC shall have the following functions: a. Conduct quality control review on applicants for registration to practice public accountancy and render a report on such quality review. b. Mete out ... with the standards of quality prescribed for the practice of public accountancy. d. All of these

Last Answer : Conduct quality control review on applicants for registration to practice public accountancy and render a report on such quality review.

A CPA-lawyer, acting as a legal counsel to one of his audit client, is an example of a. Self-interest threat b. Self-review threat c. Advocacy threat d. Familiarity threa

Description : A CPA-lawyer, acting as a legal counsel to one of his audit client, is an example of a. Self-interest threat b. Self-review threat c. Advocacy threat d. Familiarity threa

Last Answer : Advocacy threat

For which of the following services is a CPA professional not required to be independent? a. Tax returns preparation b. Audits of historical financial statements c. Review engagement d. Examination of a forecast

Description : For which of the following services is a CPA professional not required to be independent? a. Tax returns preparation b. Audits of historical financial statements c. Review engagement d. Examination of a forecast

Last Answer : Tax returns preparation

For which of the following services is a CPA professional required to be independent? a. Audits of historical financial statements b. Review services c. Examination of prospective financial statements d. All of the above

Description : For which of the following services is a CPA professional required to be independent? a. Audits of historical financial statements b. Review services c. Examination of prospective financial statements d. All of the above

Last Answer : All of the above

The term "accountant" has been used by Auditing and Assurance Standards Council to refer to a CPA in public practice who is engaged to: a. Audit financial statements. b. Review financial statements. c. Apply agreed-upon procedures. d. Compile financial statements.

Description : The term "accountant" has been used by Auditing and Assurance Standards Council to refer to a CPA in public practice who is engaged to: a. Audit financial statements. b. Review financial statements. c. Apply agreed-upon procedures. d. Compile financial statements.

Last Answer : Compile financial statements.

The attest function: a. Is an essential part of every engagement performed by a CPA. b. Includes the preparation of a written report of the CPA's conclusion. c. Requires a complete review of all transactions during the period under examination. d. Requires a review of a sample of transactions during the period under examination.

Description : The attest function: a. Is an essential part of every engagement performed by a CPA. b. Includes the preparation of a written report of the CPA's conclusion. c. Requires a complete review ... under examination. d. Requires a review of a sample of transactions during the period under examination.

Last Answer : Includes the preparation of a written report of the CPA's conclusion

It involves a study or evaluation of the quality of audit of financial statements through a review of quality control measures established by on CPA firms and individual CPAs in public practice to ensure compliance with accounting and auditing standards and practices a. External audit b. Compliance audit c. Peer review d. Quality review

Description : It involves a study or evaluation of the quality of audit of financial statements through a review of quality control measures established by on CPA firms and individual CPAs in public practice to ... standards and practices a. External audit b. Compliance audit c. Peer review d. Quality review

Last Answer : Quality review

In connection with the element of professional development, a CPA firm's system of quality control should ordinarily provide that all personnel a. Possess judgment, motivation, and adequate experience. b. Seek assistance from persons having appropriate level of knowledge, judgment, and authority. c. Demonstrate compliance with peer review directives. d. Have the knowledge required to enable them to fulfill responsibilities assigned.

Description : In connection with the element of professional development, a CPA firm's system of quality control should ordinarily provide that all personnel a. Possess judgment, motivation, and adequate ... review directives. d. Have the knowledge required to enable them to fulfill responsibilities assigned.

Last Answer : Have the knowledge required to enable them to fulfill responsibilities assigned.

Which of the following factors most likely would cause a CPA to decline a new audit engagement? a. The CPA does not understand the entity's operations and industry. b. The CPA is unable to review the predecessor auditor's working papers. c. Management is unwilling to permit inquiry of its legal counsel. d. Management acknowledges that the entity has had recurring operating losses

Description : Which of the following factors most likely would cause a CPA to decline a new audit engagement? a. The CPA does not understand the entity's operations and industry. b. The CPA is ... permit inquiry of its legal counsel. d. Management acknowledges that the entity has had recurring operating losses

Last Answer : Management is unwilling to permit inquiry of its legal counsel

An engagement in which a CPA firm arranges for a critical review of its practices by another CPA firm. a. Attestation engagement b. Peer review engagement c. Quality control engagement d. Quality assurance engagemen

Description : An engagement in which a CPA firm arranges for a critical review of its practices by another CPA firm. a. Attestation engagement b. Peer review engagement c. Quality control engagement d. Quality assurance engagemen

Last Answer : Peer review engagement

A CPA-lawyer, acting as a legal counsel to one of his audit client, is an example of a. Advocacy threat b. Familiarity threac. Self-interest threat d. Self-review threatt

Description : A CPA-lawyer, acting as a legal counsel to one of his audit client, is an example of a. Advocacy threat b. Familiarity threat c. Self-interest threat d. Self-review threat

Last Answer : Advocacy threa

The Code of Professional Ethics states, in part, that a CPA should maintain integrity and objectivity. Objectivity refers to the CPA's ability to a. Insist on all matters regarding audit procedures. b. Determine the materiality of items. c. Determine accounting practices that were consistently applied. d. Maintain an impartial attitude on all matters which come under his review

Description : The Code of Professional Ethics states, in part, that a CPA should maintain integrity and objectivity. Objectivity refers to the CPA's ability to a. Insist on all matters regarding audit ... were consistently applied. d. Maintain an impartial attitude on all matters which come under his review

Last Answer : Maintain an impartial attitude on all matters which come under his review

The confidential relationship will be violated if, without client's permission, the CPA provides working papers about client to a. A court of law which subpoenas them. b. Another CPA firm as part of a peer review. c. Another CPA firm which has just purchased the CPA's entire practice. d. An investigative or disciplinary body which is conducting a review of the CPA's practice.

Description : The confidential relationship will be violated if, without client's permission, the CPA provides working papers about client to a. A court of law which subpoenas them. b. Another CPA firm as part ... . d. An investigative or disciplinary body which is conducting a review of the CPA's practice.

Last Answer : Another CPA firm which has just purchased the CPA's entire practice.

A CPA in public practice shall not disclose any confidential client information without the specific consent of the client. The confidentiality rule is violated if CPA disclosed information without client's consent as a result of a a. Subpoena or summons. b. Peer review. c. Request by client's largest stockholder. d. Complaint filed with the trial board of the Board of Accountancy

Description : A CPA in public practice shall not disclose any confidential client information without the specific consent of the client. The confidentiality rule is violated if CPA disclosed information without client' ... s largest stockholder. d. Complaint filed with the trial board of the Board of Accountancy

Last Answer : Request by client's largest stockholder.

A review of a company's financial statements by a CPA firm: a. Is similar in scope to an audit and adds similar credibility to the statements. b. Is significantly less in scope than an audit and results in a report which provides positive assurance, although not absolute assurance. c. Concludes with the issuance of a report expressing the CPA's opinion as to the fairness of the financial statements. d. Is designed to provide only moderate assurance

Description : A review of a company's financial statements by a CPA firm: a. Is similar in scope to an audit and adds similar credibility to the statements. b. Is significantly less in scope than an ... s opinion as to the fairness of the financial statements. d. Is designed to provide only moderate assurance

Last Answer : Is designed to provide only moderate assurance

Without the consent of the client, a CPA should not disclose confidential information contained in working papers to a: a. Voluntary quality control review board. b. CPA firm that has purchased the CPA’s accounting practice. c. National court that has issued a valid subpoena. d. Disciplinary body created under statute.

Description : Without the consent of the client, a CPA should not disclose confidential information contained in working papers to a: a. Voluntary quality control review board. b. CPA firm that has purchased the ... . c. National court that has issued a valid subpoena. d. Disciplinary body created under statute.

Last Answer : CPA firm that has purchased the CPA’s accounting practice.

The Code of Ethics would be violated if a CPA accepted a fee for services and the fee was: a. Fixed by a public authority. b. Based on a price quotation submitted in competitive bidding. c. Based on the results of judicial proceedings in a tax matter. d. Payable after a specified finding was attained in a review of financial statements

Description : The Code of Ethics would be violated if a CPA accepted a fee for services and the fee was: a. Fixed by a public authority. b. Based on a price quotation submitted in competitive bidding. c. ... in a tax matter. d. Payable after a specified finding was attained in a review of financial statements

Last Answer : Payable after a specified finding was attained in a review of financial statements

A CPA should not submit unaudited financial statements of a non-public entity to a client or others unless, as a minimum, the CPA complies with the provisions applicable to a. Audit engagements. b. Review engagements. c. Assurance engagements. d. Compilation engagements.

Description : A CPA should not submit unaudited financial statements of a non-public entity to a client or others unless, as a minimum, the CPA complies with the provisions applicable to a. Audit engagements. b. Review engagements. c. Assurance engagements. d. Compilation engagements.

Last Answer : Compilation engagements.

A candidate who fails in two (2) complete CPA examinations shall be: a. Reverted to undergraduate status. b. Forever banned from taking another set of c. Considered as having passed the examination, under the rule of efforts and professional mercy. d. Required to take a refresher course before making another attempt at the CPA Board exams.

Description : A candidate who fails in two (2) complete CPA examinations shall be: a. Reverted to undergraduate status. b. Forever banned from taking another set of examinations c. Considered as having passed the ... . d. Required to take a refresher course before making another attempt at the CPA Board exams.

Last Answer : Required to take a refresher course before making another attempt at the CPA Board exams.

This fundamental principle requires a CPA not to use or disclose information acquired during the course of performing professional services without proper and specific authority. a. Objectivity. b. Professional Behavior. c. Professional Competence and Due care. d. Confidentiality

Description : This fundamental principle requires a CPA not to use or disclose information acquired during the course of performing professional services without proper and specific authority. a. Objectivity. b. Professional Behavior. c. Professional Competence and Due care. d. Confidentiality

Last Answer : Confidentiality

Can anyone provide a review of Henry Harvin TEFL course?

Description : Can anyone provide a review of Henry Harvin TEFL course?

Last Answer : It is a short, self-paced online course that offers accredited certification. It contains all the necessary elements of an on-site program including complete placement assistance. I completed it 10 ... wasn't disappointed. The teachers were really experienced and I was able to learn many things.

How to Start an NCLEX Review Course?

Description : How to Start an NCLEX Review Course?

Last Answer : If there is one field that continues to flourish, it is nursing. Therefore, it makes plenty of sense to start a review course for the major test soon-to-be nurses must take. However, there are many ... chapter to help you out.Make sure you know that licenses you need in order to start a review so

What is the most likely course of action that will be taken by an auditor in assessing management integrity? a. Tour the client premises. b. Research the prospective client’s related parties. c. Research the background and histories of officers d. Review the minutes of the board of directors

Description : What is the most likely course of action that will be taken by an auditor in assessing management integrity? a. Tour the client premises. b. Research the prospective client’s related parties. c. Research the background and histories of officers d. Review the minutes of the board of directors

Last Answer : Research the background and histories of officers

When the Testing Principles are useful while building the Software Product? a) During testing b) During execution c) During review d) Throughout life-cycle

Description : When the Testing Principles are useful while building the Software Product? a) During testing b) During execution c) During review d) Throughout life-cycle

Last Answer : Ans : d

What is your favorite or most useful iPhone web app (other than ask-public of course)?

Description : What is your favorite or most useful iPhone web app (other than ask-public of course)?

Last Answer : Smugmug Ilyrics dictionary horrorscopes(yes horror) the cut list the kegulator oh yeah and fake Steve blog

Do there exist standard speeds at which online communities grow (if they're well executed and useful, of course)?

Description : Do there exist standard speeds at which online communities grow (if they're well executed and useful, of course)?

Last Answer : It all depends on the target audience. A broader group will inevitably lead to faster growth. The distinction between paid and free also changes things.

What makes CPA special?

Description : What makes CPA special?

Last Answer : answer:They are certified , meaning they have demonstrated a comprehensive performance of various activities of an accountant plus they have passed a thorough examination of all aspects of accounting. The ... the bar exam for a lawyer, or getting a Psychologist's license for a psychologist.

When it comes to preparing your tax return, what can a CPA do better than an enrolled agent, generally speaking?

Description : When it comes to preparing your tax return, what can a CPA do better than an enrolled agent, generally speaking?

Last Answer : The EA will know what the tax treatment is for a certain type of income, and may know alternative ways to structure the timing of the income for best tax advantage. The CPA may help ... business you definitely need a CPA to help structure both the business' taxes and your personal taxes.

What is a CPA Network?

Description : What is a CPA Network?

Last Answer : Nobody is running a business for the sole reason of serving people, it may be the secondary or partial reason, but the major underlying reason remains the same; Revenue Earning.Cost per ... between 3 major components involved:Affiliate: The influencer (blogger, brand, company) who promotes a bus

What is the best CPA site for affiliate marketing?

Description : What is the best CPA site for affiliate marketing?

Last Answer : CPA lead is pretty good! You can also check out a site called Offervault. You can sign up to both sites, and make a pretty good passive income.

how to start cpa marketing from any classified website like adlister24,com?

Description : how to start cpa marketing from any classified website like adlister24,com?

Last Answer : What's up?For an alternative site to backpage to find esc^orts we've got good news for you.Adlister24 is serving as the best platform for classified advertisements its newest feature and popularity.People ... in this site.People across the globe are using our platform. Visit us and get what you want

Which is the best CPA firm in Dallas, TX?

Description : Which is the best CPA firm in Dallas, TX?

Last Answer : There are actually several great CPA firms in Dallas, TX. I was able to do some research using YELP and found that the top two rated firms were Castro & Co, located 13155 Noel St in North ... Tuttle, located 4645 Avon Lane. They have five star ratings and are available for a number of services!

Where can i find the services related to CPA in Bronx?

Description : Where can i find the services related to CPA in Bronx?

Last Answer : e bookkeeping tasks for your Bronx business, you need to hire a professional. If you can't afford the services of a full-time accountant but would enjoy the expertise that comes along ... . We can handle all bookkeeping and accounting tasks from payroll to preparation of your financial statements.

Can you receive your CPA certification completely online?

Description : Can you receive your CPA certification completely online?

Last Answer : There are many colleges that offer CPA certification online. The thing to find out is whether the institution is acredited or not, basically whether the piece of paper you earn will be accepted by anyone. Check out Phoenix University's program.

How long will I have to go to school to becoma a CPA?

Description : How long will I have to go to school to becoma a CPA?

Last Answer : Usually it requires a general four year degree plus at least 2 years as an understudy at an accounting firm. The test that one needs to take is not easy, and requires a lot of study. You ... bachelors degree and then you can apply at an accounting firm as an understudy before taking the CPA exam.

Are there any cpa classes offered online?

Description : Are there any cpa classes offered online?

Last Answer : Yes, Maxwell CPA Review Provide Online Tutoring! Maxwell CPA Review would love to meet you and better understand your CPA goals. Let’s set up a free 20-minute call! if you are not satisfied after your first tutoring session, Maxwell CPA Review will give you your money back, no questions asked.

What is the difference between an accounting CPE and CPA?

Description : What is the difference between an accounting CPE and CPA?

Last Answer : A CPA is a Certified Public Accountant. CPA's need to meet specific requirements to maintain their status. They must maintain a certain level Continuing Professional Education (CPE). The American Institute of CPA's requires 120 hours of CPE training every three years.

What courses are involved in CPA training?

Description : What courses are involved in CPA training?

Last Answer : To turn into a Certified Public Accountant (CPA), you should satisfy the guidelines of your state leading group of bookkeeping. The necessities are probably going to incorporate finishing of a 150 ... preparing is best accomplished with a CPA study guide, CPA classes and extra CPA test readiness.

Are there any CPA classes in Philadelphia which I can attend?

Description : Are there any CPA classes in Philadelphia which I can attend?

Last Answer : Try Becker CPA Review in Philadelphia. check out philadelphiacpareview.com. I am from the phila. area and this course has a great reputation with the best instructors around!

About the CPA Exam?

Description : About the CPA Exam?

Last Answer : Individuals interested in accounting and taxation careers can pursue the certified public accountant designation. To become a CPA, you must meet specific education and work requirements ... business structure, financial management, economic concepts, information technology, and business planning.

Becoming a CPA?

Description : Becoming a CPA?

Last Answer : There are very few jobs available on the market that can directly effect people's lives in a positive way. These jobs are sometimes very obvious like police officers but often they are ... reason that many accountants continue the daily drudgery of adding and subtracting huge amounts of numbers.

Where can I earn my CPA degree?

Description : Where can I earn my CPA degree?

Last Answer : Earning your CPA has become a very popular degree among professionals. Since many people are balancing work and school online schools have become quite popular. Kaplan University, Phoenix University and Walden University are among the most popular online schools for earning graduate degrees.

Where can I find more information on cpa reviews ?

Description : Where can I find more information on cpa reviews ?

Last Answer : There are many resources for many different CPA reviews. A couple different places you can try are http://www.cpaexam.com/bisk-cpa-review.asp and http://www.yaegercpareview.com/.

The Basic Steps to Becoming a CPA?

Description : The Basic Steps to Becoming a CPA?

Last Answer : A CPA (or certified public accountant) is an important member of the legal and financial industry. Working with a number of clients, such as individuals, small businesses, and large corporations, a CPA ... considered seriously for a position as a CPA with one of the accounting firms in your area.