Need Help To Solve Solution to each Multiple Choice:

5. The conceptual framework approach is used to evaluate independence matters in Topic 1.210. The Code uses

	A risk-based approach to assess whether a CPAs relationship with a client would pose an unacceptable risk
	An independence in fact as opposed to an independence in appearance approach to assess when independence is at an unacceptable risk level

	Family relationships to determine in all cases whether independence is impaired
	Safeguards to protect from all independence risks

Members of the AICPA to determine when independence is i6.mpaired

6. If a CPA who is a member of the AICPA violates the AICPA Code of Professional Conduct, what disciplinary action may the AICPA take against the member?

	Revoke the individuals membership in the AICPA and revoke the members license to practice as a CPA
	Revoke the members authorization to conduct audits of SEC reporting companies

	Revoke the members authorization to conduct audits of privately held companies
	Revoke the individuals membership in the AICPA only, the member may still practice as a CPA and may still conduct audits of SEC reporting and privately held companies if there is no other action taken

None of the above

7. What may result in a CPA losing his/her license to practice as a CPA?

	Violating the AICPA Code of Professional Conduct
	Violating the State Society of CPAs Code of Professional Conduct

	Violating the State Board of Accountancys Code of Professional Conduct which may be identical to the AICPA Code of Professional Conduct
	Violating any of the professional codes established by any of the various accounting organizations

None of the above

8. Topic 1.200 of the AICPA Code of Professional Conduct requires independence for

	All engagements conducted by a CPA
	All attest engagements conducted by a CPA

	All attest and tax engagements conducted by a CPA
	All work of any kind done by a CPA

None of the above

9. Independence in appearance means the member

	Should avoid situations where the members potential lack of independence can be observed by others
	Should avoid circumstances where the member is seen at a social function with an audit client

	Should avoid situations where the member is in fact not independent
	Should avoid circumstances that might cause an informed third party to reasonably conclude that the integrity, objectivity, or professional skepticism of a member has been compromised

Should only be a problem for audit clients that are publicly held companies

10. The AICPA Code of Professional Conduct deals with the general standard of competence. This standard would hold that if a member in public practice who has audited privately held, for-profit companies, is asked to audit a local school district and has never audited a school district before, the member should

	Accept the engagement, a school district audit is not that different from a for-profit company audit
	Accept the engagement knowing he can take a continuing professional education course from the AICPA to learn how to audit a school district before the audit is scheduled to start

	Accept the engagement knowing there is very little audit risk
	Accept the engagement knowing that the school district does not have much money and will not be able to hire another CPA to do the required audit

Refuse the engagement