Question

B) Multiple choices: 60 points: for each statement circle the best answer. 1) The three requirements for becoming a CPA include all but which of the following A) Uniform CPA examination requirement B) Educational requirements C) Character requirements D) Experience requirement 2) The International Standards on Auditing (ISAs) A) are issued by the AICPA B) override a country's regulations governing the audit of a company C) has many of the same standards as the Auditing Standards Board (ASB) D) must be followed by companies whose stock is traded in the US 3) Historically auditing standards have been organized into three categories, including A) Standards of field work B) Purpose of an audit C) Responsibilities of the auditor D) Proper planning and supervision 4) The "Principles Underlying an Audit in Accordance with Generally Accepted Auditing Principles" provides framework to help auditors A) understand the ten GAAS standards B) obtain complete assurance that the financial statements are free from any error C) report on the financial statements D) prevent fraud 5) To obtain reasonable assurance about whether the financial statements as a whole are free from material miss misstatement, the auditor must fulfill several performance responsibilities, including: A) verifying that all audit work is performed by a CPA with a minimum of three years experience, B) obtaining sufficient, appropriate audit evidence. C) exercising professional judgment. D) providing an opinion on the financial statements. 6) In order to properly plan and perform an audit, an important fact for both the auditor and the client to un understand is that: A) the internal control policies and procedures are developed by the auditors. B) the purpose of an audit is to prevent fraud. C) management is responsible for the preparation of the financial statements. D) management can restrict the auditor's access to important information relevant to the financial 7) Generally Accepted Auditing Standards (GAAS) and Statements on Auditing Standards (SAS) should be looked upon by practitioners as: A) ideals to work towards, but which are not achievable. B) maximum standards that denote excellent work. C) minimum standards of performance that must be achieved on each audit engagement. D) benchmarks to be used on all audits, reviews, and compilations. 8) An audit of historical financial statements most commonly includes the A) balance sheet, statement of retained earnings, and the statement of cash flows. B) income statement, the statement of cash flows, and the statement of net working capital. C) statement of cash flows, balance sheet, and the statement of retained earnings. D) balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders 31 Pa

Answer 1

Hello

Answering the first question as per answering guidelines. Please ask each question separately.

1. Three requirements for becoming a CPA are:-

Passing the uniform CPA examination, having minimum educational requirements, and getting requisite work experience.

Hence option C) is the option to be selected.

There is no requirement to meet the character requirements to become a CPA.