Question
The following are definitions of terms that are listed on the right. Match the definition with its associated term. Each term can be used once,
The following are definitions of terms that are listed on the right. Match the definition with its associated term. Each term can be used once, more than once or not at all.
Definition 1. an organizational structure where professional services are provided by one or more shareholders 2. the grantor of the right to practice public accounting 3. a report filed to indicate a significant event 4. sets professional standards and rules for members 5. oversees accounting firms who audit public companies 6. an organizational structure where the owners are taxed like a partnership and have limited personal liability 7. a report that is filed when a company wishes to issue new securities 8. the methods used to ensure the firm meets its professional responsibilities to clients and others 9. assists in providing investors with reliable information 10. requires annual inspections of accounting firms auditing more than 100 public companies 11. practice monitoring by a CPA firm for another CPA firm 12. fulfilling duties diligently and carefully 13. requires a registration statement | Audit Term a. AICPA b. PCAOB c. Securities Exchange Commission d. Form 10-K e. IAASB f. Form S-1 g. due professional care h. limited liability partnership i. professional corporation j. limited liability company k. peer review l. 1933 Securities Act m. 1934 Securities Act n. Form 8-K o. state regulation p. Code of Professional Conduct q. quality control standards r. auditing standards |
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