At 06 professional acctg practice

Page 1 of 7CPA REVIEW SCHOOL OF THE PHILIPPINESManilaAUDITING THEORYProfessional Accounting PracticeRelated PSA : Preface to PSA and Related Services1.The following statements relate to the accounting profession:I.To merit public trust and confidence, the professional person must convince the public thathe will place public service ahead of personal reward.II. A CPA certificate is evidence of basic competence in the discipline of accounting at the timethe certificate is granted.III. A code of professional conduct is one of the most important distinguishing characteristics ofa profession.State whether the foregoing statements are true or false.a. All of the statements are true.c. Only two of the statements are true.b. Only one of the statements is true.d. All of the statements are false.2.Which of the following is not normally a service rendered by public accountants?a.Management consultation servicec. Internal auditingb.Attest functiond. Taxation3.A CPA firm offers management advisory services to clients. Its primary purpose is toa. Furnish professional advice and assistance which will enable the client to improveoperations.b. Keep the CPA firm competitive with other firms.c. Establish the firm as a consultant, thus ensuring its future expansion and growth.d. Permit the firm’s staff members to acquire expertise in other areas of practice.4.The government agency tasked by law of implementing and enforcing the regulatory policieso … Purchase document to see full attachment

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