Question
1)Which of the following is not an AICPA pronouncement enforceable under the AICPA Code of Professional Conduct? Statements on Auditing Standards. Statements on Standards for
1)Which of the following isnotan AICPA pronouncement enforceable under the AICPA Code of Professional Conduct?
Statements on Auditing Standards.
Statements on Standards for Accounting and Review Services.
Statements on Responsibilities in Personal Consulting Advisory Practice.
Statements on Standards for Valuation Services.
2)Member Kang has purchased Fragick & Associates, an accounting firm that does audit work. Kang wants to make some changes and keep some things the same. Which of the following isnottrue?
Kang may reorganize Fragick, which is a general partnership, as a limited liability limited partnership even if his state's law has no provision for such a form of organization.
Kang, who wishes to retain disgruntled employee Jones, may not induce Jones to stay by letting him call himself a partner, even if he is not a partner of the firm.
If Kang brings in any other owners, they must, like Kang, also be members of the AICPAs if the firm is to advertise itself as "Members of the AICPA."
Kang may retain the name "Fragick" in the firm name, even if Fragick, the founder of the firm, is dead.
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