During the audit of an issuer client, the auditor determined that management had given illegal bribes to state officials during the year under audit and for several prior years. The dollar amounts of the bribes are not material to the financial statements. Under these circumstances, the auditor must report the bribes first to

Question 38 options:

The client's board of directors.

The Securities and Exchange Commission.

The client's internal auditors.

The CEO or CFO

A state law enforcement agency.

Tracing from source documents to journal most directly tests:

Question 39 options:

Overstatement of liabilities

Understatement of liabilities

Both overstatement and understatement of assets

Understatement of assets

Overstatement of assets

According to the Code of Professional Conduct of the AICPA, for which type of service may a CPA receive a contingent fee?

Question 48 options:

	Preparing Tax Return
	Represent a client in an IRS audit matter before the administrative court
	Performing an audit of a financial statement.
	Performing a review of a financial statement.
	Preparing amended tax return
	Performing an examination of prospective financial information.