2-30. Multiple Choice Question:

Select the best answer for each of the following items and give reasons for your choice.

g. Which of the following is not one of the forms of attestation presented in the AICPA statements on the Standards for Attestation Services:

1. Agreed-Upon Procedure

2. Examination

3. Inspection

4. Review

h. Which AICPA quality control standard would most likely be satisfied when a CPA firm maintains records indicating which partners or employees of the firm were previously employed by the CPA firm's client?

1. Professional relationship

2. Engagement performance

3. Relevant ethical requirements

4. Monitoring

i. An audit provides reasonable assurance of detecting material

	Fraudulent Financial Reporting	Misappropriation of Assets
1	yes	yes
2	yes	no
3	no	yes
4	no	no

j. Which of the following is not included in an integrated audit report on the financial statements of a public company?

1. The report states that the audit was performed in accordance with AICPA standards.

2. The report indicates that the financial statements are the responsibility of management.

3. The report indicates that the auditors have also audited the effectiveness of the company's internal control.

4. The report is signed in the name of the CPA firm

k. Audit firms that are subjected to inspections by the PCAOB staff include:

1. All audit firms

2. Audit firms that are registered with the SEC

3. Audit firms that are registered with the PCAOB

4. Audit firms that are registered with a state board of accountancy

l. An auditor has concluded that the financial statements are not fairly presented in that they are pervasively misstated. The most appropriate type of audit option is:

1. Adverse

2. Disclaimer

3. Qualified

4. Unmodified