True and false questions

10) Under Rule 101, Independence, independence is considered to be impaired if fees remain unpaid for professional services provided more than six months before the date of the current year's report.

11) The criteria by which an auditor evaluates the information under audit may vary with the information being audited.

12) The criteria used by an external auditor to evaluate published financial statements are known as generally accepted auditing standards.

13) An auditor must be competent and have an independent mental attitude.

14) CPA firms are never allowed to provide bookkeeping services for clients.

15) The primary purpose of a compliance audit is to determine whether the financial statements are prepared in compliance with generally accepted accounting principles.

16) Many small, local accounting firms do not perform audits as their primary services to their clients they offer other services include accounting and tax.

17) The overall purpose of the Securities and Exchange Commission is to assist in providing investors with reliable information upon which to make investment decisions.

18) Membership in the AICPA is restricted to CPAs who are currently practicing as independent auditors.

19) Any public accounting firm can be a member of the AICPA if the firm meets the membership requirements.

20) International Standards on Auditing are issued by the International Auditing and Assurance Standards Board.