发布时间 : 星期日 文章Auditing test bank chapter 1更新完毕开始阅读f7ab402f14791711cc7917f6
2) The use of the Certified Public Accountant title is regulated by: A) the federal government.
B) state law through a licensing department or agency of each state.
C) the American Institute of Certified Public Accountants through the licensing departments of the tax and auditing committees.
D) the Securities and Exchange Commission. Answer: B
Terms: Certified Public Accountant title Diff: Moderate Objective: LO 1-8
AACSB: Reflective thinking skills
3) List and discuss the three primary requirements to become a CPA. Answer: The three primary requirements for becoming a CPA are:
? Educational requirement. An undergraduate degree or a graduate degree with a major in accounting is required. Most states now require 150 semester hours for licensure and some states require 150 semester hours before taking the CPA exam.
? Uniform CPA examination requirement. This is a four-part, computer-based examination with components on auditing and attestation, financial accounting and reporting, regulation, and business environment and concepts. Some states also require a separate ethics requirement. ? Experience requirement. The experience requirement varies from state to state with some states requiring no experience, while other states require up to two years of audit experience. Terms: Primary requirements to become CPA Diff: Easy
Objective: LO 1-8
AACSB: Reflective thinking skills
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