Dec 17, 2012 · *AICPA adapted. Required. Required. Chapter 5 / LEGAL LIABILITY 137 . 138. Required. 5-24 (Objective 5-6) Under Section 11 of the Securities Act of 1933 and Section 10(b), Rule 10b-5, of the Securities Exchange Act of 1934, a CPA may be sued by a purchaser of registered securities.
The individual is not required to supervise the member in the day-to-day rendering of the services, nor is it required that the individual possess the expertise to perform or re-perform the services. [Frequently Asked Questions: Nonattest Services Questions, AICPA Professional Ethics Division] Part 3: Reconciling Item Resolution PCAOB Docket 028: Proposed Auditing Standard Related to Confirmation and Related Amendments to PCAOB Standards 13-July-2010 International Federation of Accountants (IFAC) 2010-2012 proposed business strategy and work plan of the Professional Accountants in Business (PAIB) Committee 15-June-2010 Which statement below is correct concerning communicating the results of a PCAOB inspection? The entire report issued by the PCAOB is publicly available. The portion of the report issued on a CPA firm’s quality control is not ordinarily publicly available. Jun 20, 2013 · Auditors are required to comply with SASs, and should be prepared to justify any departures therefrom. Choices “a” and “d” are incorrect. AICPA audit and accounting guides and SAS interpretations are interpretive publications that provide guidance regarding how SASs should be applied in specific situations.
A partner in the Litigation Department, Chris Boehning’s practice includes complex commercial and civil litigation matters, insurance counseling and litigation, criminal, civil and other regulatory inquiries, internal investigations and international arbitrations. Jun 25, 2015 · Under the CAA, the Administrator is required to approve a SIP submission that complies with the provisions of the CAA and applicable Federal regulations. 42 U.S.C. 7410(k); 40 CFR 52.02(a). Thus, in reviewing SIP submissions, EPA's role is to approve state choices, provided that they meet the criteria of the CAA. According to the AICPA Code of Professional Conduct, in which of the following circumstances may a CPA serve on a company's board of directors? a. The CPA audits a bank to which the company has applied for financing, and board approval is required for said financing to occur. b.
(iii) U.S. AICPA GAAS or U.S. PCAOB GAAS if the person is incorporated or organized under the laws of the United States of America. (3) The financial statements referred to in subsection (1) must be accompanied by an