1. What was the AICPAs motivation to create their Special Committee on Assurance Services (better known as the Elliott Committee for its chairman) in the 1990s? a. The Sarbanes-Oxley Act severely limited consulting opportunities for audit firms. b. There was increasing perception that audited financial statements were becoming less relevant to business and investment decision-making. c. Tax practitioners were not required to be CPAs to prepare tax returns. d. The number of students choosing to take the CPA exm was declining. e. Audit fees were steadily increasing so fewer companies were choosing to be audited.

1a. Who issues the auditing standards that are applicable to entities required to have an integrated audit?

a. International Federation of Accountants. b. Auditing Standards Board. c. U.S. Government Accountability Office. d. Securities and Exchange Commission. e. Public Company Accounting Oversight Board

Which of the following best represents the relationships among auditing, attestation, and assurance services?

a. Attestation is a type of auditing service. b. Assurance is a type of attestation service. c. Assurance is a type of auditing service. d. Auditing is a type of attestation service. e. None of the above.