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1) Which GAAS principle concerns the auditors obtaining reasonable assurance? Auditor actions in performing the audit Personal responsibilities of the auditor Premise of an audit

1) Which GAAS principle concerns the auditors obtaining reasonable assurance?

Auditor actions in performing the audit Personal responsibilities of the auditor Premise of an audit Reporting results of an audit

2) Which of the following is a characteristic of non-assurance services?

Accountant independence from clients Assistance with decision making Consulting on technology issues Increased reliability of information

3) Issuing Statements on Auditing Standards falls under which responsibility of the AICPA?

Carrying on a program of research and publication Contributing to the profession's self-regulation Establishing standards and rules to guide CPAs Promoting continuing professional education

4) Under the Securities Act of 1934, what must an auditor prove to try to avoid liability?

Client negligence Good faith No direct involvement No loss occurred

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