Purchase Solution

ACC/546 Other Assurances & Non Assurance Services

Not what you're looking for?

Ask Custom Question

The American Institute of Certified Public Accountants sets standards and rules for the CPA profession in five major areas. Of these five, which is the most important and why?

Purchase this Solution

Solution Summary

Your tutorial is 324 words and gives the five areas where the AICPA sets rules and indicates which, in my opinion, is the most important, and why.

Solution Preview

1. The AICPA issues official pronouncements on auditing matters - Statements on Auditing Standards. The PCAOB has adopted these temporarily for public companies (issuers). These are still the standard for private (non-issuers) companies.

2. The AICPA has adopted ethical rules for CPAs (their Code of Professional Conduct) and will sanction or expel members who do not follow the rules.

3. The AICPA sets the continuing education requirement for the profession.

4. The AICPA requires that firms that audit public companies enroll in an approved ...

Solution provided by:
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
Recent Feedback
  • "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
  • "Thank, this is more clear to me now."
  • "Awesome job! "
  • "ty"
  • "Great Analysis, thank you so much"
Purchase this Solution


Free BrainMass Quizzes
Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.