1. Which of the following is not an example of a safeguard implemented bt a CPA firm

A Firm leadership that stresses the importance of independence and the expectation that members of attest engagement teams will act in the public interest.

B. Policies and procedures that are designed to implement and monitor quality control in attest engagements.

C Policies and procedures that are designed to identify interests or relationships between the firm or its partners and professional staff and attest clients.

D Legislation governing the independence requirements of the firm.

1. Which of the following is correct in applying AICPA a independence rule

A Members who provide services to entities for which independence is required must be either independent in fact (that is, of mind) or in appearance, but not both.

B The independence rules allow all relationships if you are a partner or professional employee in a public accounting firm, as long as safeguards exist.

C If an attest client offerswou employment, or you seek employment with an attest client, you may need to take certain actions.

D If the engaging party is not the entity you are performing an attest engagement on, you do not need to be concerned about remaining independent of the engaging party.

1. Which of the following is correct regarding the recent changing to the AICP a cord of professional conduct code

A The AICPA's Professional Ethics Executive Committee (PEEC) has totally revamped the Institute's ethics standards to improve the Code.

B The PEEC restructured the Code into several parts each organized by topic, and edited the Code using consistent drafting and style conventions.

C The most significant change to the content in the revised Code is the incorporation of three conceptual frameworks, one for members in public practice, one for members in busine

D The new Code is effective December 15, 2016

1. Which of the following is not an example of a self review threat

A The CPA reviews billing payments monthly.

B The CPA relies on the work product of his or her firm.

C The CPA performs bookkeeping services for a client.

D A partner in the CPA's office was associated with the client as an employee, officer, or a director.