Professional Documents
Culture Documents
2-1
1
Describe the nature of CPA firms,
what they do, and their structure.
2-4
2-6
2-7
2-8
2-9
2-10
Proprietorship
General Partnership
General Corporation
Professional Corporation
Limited Liability Company
Limited Liability Partnership
2-11
Average Experience
2-12
2
Understand the role of the Public Company
Accounting Oversight Board and the effects of
the Sarbanes-Oxley Act on the CPA profession.
2-13
2-14
SEC
PCAOB
(Public Company
Accounting
Oversight Board)
2-15
3
Summarize the role of the Securities and Exchange
Commission in accounting and auditing.
2-16
2-17
Form S-1
Form 8-K
Form 10-K
Form 10-Q
2-18
4
Describe the key functions
performed by the AICPA.
2-19
1. Auditing standards
2. Compilation and review standards
3. Other attestation standards
4. Code of Professional Conduct
2-21
5
Understand the role of
international auditing standards
and their relation to U.S.
auditing standards
2-23
2-24
2-25
2-26
6
Use U.S. auditing standards as a basis for
further study
2-27
2-28
General Standards
1. Adequate training and proficiency
2. Independence in mental attitude
3. Due professional care
2-29
2-30
Standards of Reporting
1. Statements prepared in accordance with GAAP
2. Circumstances when GAAP not followed
3. Adequacy of disclosures
4. Expression of opinion on financial statements
2-31
PCAOB
Public
company
audits
2-32
GAAS
Private
company
audits
2-33
7
Identify quality control standards and practices
within the accounting profession.
2-34
2-35
2-36
CPA
examination
Quality
control
Auditing
standards
Continuing
education
requirements
Conduct of
CPA firm
personnel
Legal
liability
Peer
review
PCAOB
and SEC
2-37
Code of
Professional
Conduct
AICPA practice
and quality
centers
38
Copyright