Now that you have finished reviewing all course material, It’s time to take the final exam for this course. In compliance with NASBA rules and regulations, you must score a 70% or higher on this final exam to earn CPE credits for this course. There is an unlimited amount of time available to take the final exam, and you have the option of taking the final exam as many times as needed to pass. Good luck!
Important – You cannot save your answers so please complete the exam before logging off the site. You will get unlimited attempts to pass this exam but the site will display the exam questions without any previous answers each time your re-attempt this exam. The CPE365 staff recommends downloading and printing the final exam PDF from the Course Materials lesson (the first lesson in every Self-Study course) and circling the correct answer as you run across them in the course reading material. This will make entering your answers into this final exam fast and less frustrating.
0 of 20 questions completed
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Unfortunately, your score did not meet the 70% minimum score needed to pass this course. Per the NASBA/AICPA standards for self-study, all participants are required to score a minimum of 70% to be awarded CPE credits. You get unlimited attempts to earn the required score.
Congratulations – You Passed the Course Exam. Click the “Continue” button to view your certificate of completion.
What term is used to define being accountable for one’s actions and exercising restraint?
What term is used to define a set of moral principles of values?
If a “Big R” restatement renders a company’s overall financial statements unreliable, the company must disclose the restatement on what form?
What organization developed the Joint Ethics Enforcement Program (JEEP)?
What organization was created after the Sarbanes-Oxley Act of 2002 was enacted?
Which of the following is NOT one of the possible findings from an investigation by the JEEP committee?
What standards board was created to address auditor independence issues?
The PCAOB has adopted a rule to require registered CPA firms to prepare and maintain audit work papers and other information related to an audit for at least _______ years.
The Sarbanes Oxley Act of 2002 requires that CEOs and CFOs of public companies are required to personally certify the accuracy of their company’s financial reports. Fraud and deception for false certifications will result in significant criminal penalties of up to ____ years if the false certification was willful.
In which of the following situations is independence NOT considered impaired during a period of the professional engagement according to Rule 101 of the AICPA Code of Professional Conduct?
A registered public accountant shall not knowingly misrepresent facts and, when engaged in the practice of public accounting, including the rendering of tax and management advisory services, shall not subordinate his judgment to others. This is an example of what principles?
What standard requires a CPA to undertake only those professional services that the member or the member’s firm can reasonably expect to be completed in a professional manor?
What rule addresses the situation where an unusual circumstance would cause the literal application of pronouncements on accounting principles to have the effect of rendering financial statements be misleading or would be regarded generally by reasonable persons as producing a misleading result?
According to Rule 301, when can a practitioner disclose any confidential client information?
What term means a fee established for the performance of any service pursuant to an arrangement in which no fee will be charged unless a specified finding or result is attained, or in which the amount of the fee is otherwise dependent upon the finding or result of such service?
According to Rule 302, when can a member in public practice accept a contingent fee?
When a client or former client makes a request for client-provided records, all of the following must be returned to the client except:
Sam Smith is a licensed CPA and primarily provides business planning and tax preparation services. One of Mr. Smith’s clients uses both business planning and tax preparation services. As tax season approaches the client drops off his records in order for Mr. Smith to file his yearly tax return. If an invoice for business planning services is overdue, what is Mr. Smith permitted to do in order to receive payment for business planning services?
Applying the risk-based approach when determining independence generally means that when threats to independence are not at an acceptable level, which of the following must be applied to eliminate the threats or reduce them to an acceptable level?
Familiarity threat can occur when members having a close or longstanding relationship with an attest client or knowing individuals or entities (including by reputation) who performed non-attest services for the client. Which of the following is NOT an example of familiarity threat?