1) Which of the following is an example of an assurance service? (Points : 1)

Bookkeeping/write-up services Agreed-upon procedure engagements Investigations into fraud situations Information technology consulting

2) In an accounting firm, who is responsible for training staff on each audit engagement? (Points : 1)

Managers Partners Senior auditors Staff assistants

3) According to Rule 302 of the AICPA Code of Professional Conduct, which service is the auditor allowed to perform for a client in addition to a financial statement audit? (Points : 1)

Audit of internal controls Financial statement compilation Prospective financial statement examination Tax return preparation

4) Regarding noncompliance, which laws have a direct effect on the financial statements? (Points : 1)

Antitrust laws Corporate business laws Environmental laws Pension laws

5) Under the Securities Act of 1933, what are auditors liable for concerning acts of ordinary negligence? (Points : 1)

Client losses Mandatory ethics training Repaying the audit fee Two years of probation