1. Professional competence, due professional care, planning and supervision, and sufficient relevant data are general standards for MAS practice, including a. Role of MAS practitioner c. Association with forecasts b. Understanding with client d. Communication of results 2. Which of the following is not one of the steps in MAS engagement? a. Implementation C. Analysis b. Informal meeting with client d. Design 3. A certified public accountant's scope of mgt. services is broad and covers all of the following except a. audit engagement c. Re-engineering job b. computerization engagements d. Change mgt. engagements 4. Which of the following is not an area in MAS practice a. Conducting special studies b. Reviewing and suggesting improvement of policies procedures, systems and methods, etc. c. Marketing and public relations work d. Introducing new ideas, concepts and methods 1 5. The following characterize mgt. advisory services except a. Broader in scope and varied in nature b. Utilize more junior staff than senior members of the firm. c. Involve decision in the future. d. d. Relate to specific problems where expert help is required. 6. The form of communication with a client in MAS consultation should be a. Either oral or written b. Oral with appreciate documentation in the work papers. c. Written and copies should be sent to both mgt. and the board of directors. d. Written and a copy should be sent to mgt. alone. 7. Which of the following statements is not acceptable? a. A CPA provides consulting services to an existing audit client. b. A CPA provides consulting services to two major competing clients. C. A CPA shares with a new and substantial client information regarding another client belonging to the same industry. d. A CPA represents three major players in the industry in rationalizing the industry in rationalizing the industry's incentives before government public hearings. 8. State if the following statements regarding the CPA's practice of MAS are true or false. 1. Although MAS extend beyond the traditional acctg. services MAS practitioners are still bound , by the rules of professional ethics in the practice of acctg. in general. II. All the provisions of the code of Professional ethics for CPA's in public acctg. without exceptions must be observed by those in MAS. a. True, True b. True, False C. False, True d. False, False 9. A persuasive characteristics of CPA's role in mgt. consulting services engagements is that of being a (an) a. independent practitioner C. objective advisor b. confidential reviewer d computer specialist 10. According to profession's standards, which of the following would not be considered consulting services requirements for CPAs? a. Supervising staff who are assigned to the engagement. b. Maintaining independence from the client. c. Complying with statements standards for consulting services. d. Obtaining an understanding of the nature, scope and limitations of the engagements. on 11. According to professions' standards, which of the following would be considered consulting services? Advisory services Implementing services Product services a. Yes Yes Yes b. Yes Yes No C. Yes No Yes d. No Yes Yes 12. The technical standards that apply to MAS engagements require the MAS practitioner to do all of the following except a. Maintain independence from the client. b. Give support for and clearly identify any quantifiable results that are based on estimates. c. Obtain an understanding concerning the nature, scope, and limitations of the MAS engagement to be performed. d. Take no position which might impair the practitioner's objectivity. 13.A practitioner should reject an MAS engagement if a. It would require him to make management decisions for audit client b. His recommendations are to be subject to review by the client c. He audits the financial statements of a subsidiary of the prospective client d. The proposed engagement is not accounting related. e. A and C 14. The CPA who undertakes the performance of MAS engagement should bear in mind that the results should a. be communicated in quantitative terms c. not be explicitly or implicitly guaranteed b. not be set forth as quantitative terms d. increase the client's earnings capabilities 15. Competence in mgt. advisory services is required by a. Education C. auditing and other experiences b. Actual performance of mgt. advisory services d. all of these 16. Factor that must be considered when defining the target level of competence of management consultants perspective and to take action needed on a calm and controlled basis without being diverted from a sound, logical and ethical course by outside pressure. a. Psychological maturity C. Psychological equilibrium b. Courage d. Judgment