Independent CPAs perform audits on the financial statements of public companies Which of the following statements best describes this activity? O A non-attest assurance service An attest service that attests to financial information presented by management. An attest service that attests only to the qualitative financial information. O A consulting engagement The information system control goal which relates to the prevention of fictitious events from being recorded in the accounting records is best termed as: O ensuring input validity O ensuring input accuracy O ensuring input completeness ensuring effectiveness of operations Which of the following statements is correct? If an activity is classified as a trade of business, an net business loss is deductible If an activity is classified as a hobby none of the hobby expenses can be deducted If an activity is classified as a hobby, some of the hobby expenses may be deductible Only answers a. and care correct. None of the above are correct. Independent CPAs perform audits on the financial statements of public companies Which of the following statements best describes this activity? O A non-attest assurance service An attest service that attests to financial information presented by management. An attest service that attests only to the qualitative financial information. O A consulting engagement The information system control goal which relates to the prevention of fictitious events from being recorded in the accounting records is best termed as: O ensuring input validity O ensuring input accuracy O ensuring input completeness ensuring effectiveness of operations Which of the following statements is correct? If an activity is classified as a trade of business, an net business loss is deductible If an activity is classified as a hobby none of the hobby expenses can be deducted If an activity is classified as a hobby, some of the hobby expenses may be deductible Only answers a. and care correct. None of the above are correct