Question

Which statement is correct with respect to continuing professional education (CPE) requirements of members of the...

Which statement is correct with respect to continuing professional education (CPE) requirements of members of the AICPA?

A

There is no requirement for members to participate in CPE.

B

Members, regardless of whether they are in public practice, are required to meet such requirements.

C

Only members employed by the AICPA are required to take such courses.

D

Only members in public practice are required to take such courses.

  1. Which of the following is most likely to be included in a public company financial statement audit report?

    A

    Adverse opinion.

    B

    The audit was performed in accordance with generally accepted auditing standards.

    C

    The name of the engagement partner.

    D

    The year the auditor began serving the company.

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Answer #1

The Best option is B in both questions.

(B) Members, regardless of whether they are in public practice, are required to meet such requirements.

(B) The audit was performed in accordance with generally accepted auditing standards.

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