History[ edit ] Before implementing the Single Audit, the federal government relied on numerous audits carried out on individual federally funded programs to ensure these funds were spent properly. Because the government had numerous agencies awarding hundreds of different programs, the task of auditing all programs became increasingly difficult and time consuming. To improve this situation, the Single Audit Act of standardized audit requirements for States, local governments, and Indian tribal governments that receive and use federal financial assistance programs. These new guides and provisions standardized the Single Audit in the United States to include all states, local governments, non-profit organizations, and institutions that receive federal funds from the US government.
Previous exam question-and-answer software is especially useful for the multiple-choice questions. The computerized answers are complete and explain why one answer is the best and the other is less correct.
Our software has many useful features including timing, scoring and bookmarking. The computerized questions and answers are distributed according to the chapters of our textbooks.
This allows you to immediately refer to the theory of the subject if you miss a question during your studying. The multiple-choice and task-based simulation questions have unique characteristics and pitfalls; the candidate should therefore learn different solution approaches to be fully prepared for the CPA exam.
You should study and use this information and the recommended solution approaches during your homework and final pre-exam review. If you gain experience by applying the approaches discussed below to numerous old exam questions, you will be prepared to pass the CPA exam.
Objective Multiple-choice Questions A. General Comments and Pitfalls 1. Format and Time Management: Every question in the testlet counts the same and there is no subtraction for wrong answers. All levels of testlet difficulty A through C are represented.
The more difficult the testlet the higher the relative weight given for correct answers. Be careful to manage your time as you proceed through the testlets.
Some of the C level questions may take 4 to 5 minutes. If a particular question is giving you difficulty, either skip it or make your best educated guess and mark it.
Try a True-False Approach: For some questions it may help to use a true-false analysis for each of the four alternatives. This is especially useful for negatives see item 4 below. Ideally you will end up with a split; the odd man is usually the right answer.
Look for the best answer alternative.44 rows · The AICPA Code of Professional Conduct is a collection of codified . Rule of the AICPA Code of Professional Conduct requires CPAs to adhere to appropriate professional standards in the performance of various professional services.
In the case of financial statement audits those standards are the . The following pre-clarity Statements on Auditing Standards (SASs) are archived for reference purposes only. To address concerns over the clarity, length, and complexity of its standards, the Auditing Standards Board established clarity drafting conventions and redrafted all .
The overarching purpose of the AICPA Code is to ensure that its members serve the interests of their clients with a high degree of integrity, technical competency, and diligence.
It has several component parts. No part of the information on this site may be reproduced for profit or sold for profit. This material has been drawn directly from the official Pennsylvania Code full text database. Purpose The American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct was created to help individuals in the accounting profession, to perform their job while using ethical standards and integrity.