Wgu d215 auditing Study guides, Class notes & Summaries

Ability of cash flow from operations to cover current debt and dividends - ANSWER Measures ability to cover current debt maturities and dividends with operating cash flow. Accounting estimate - ANSWER An approximation of a monetary amount when a precise means of measurement is not available. Accounting records - ANSWER Client's records of the initial accounting entry and supporting documents. Acid-test (quick) ratio - ANSWER Measures ability to meet short-term obligations with liquid a...

WGU D215 Auditing Pre-test 1. Which type of work performed by a CPA is an attestation service? Risk advisory Website security assurance Data integrity Financial statement review -Financial statement review 2. Which entity may obtain audited financial statements to ensure a company is complying with industry regulations? Lenders Consumers Governments General public -Governments 3. Which group performs an audit and review of financial statements to ensure financial statement users...

WGU D215 Auditing(2023)With Complete Solutions.

WGU D215 Auditing, Pre-test With Correct Solutions.

WGU D215 Auditing Exam Study Guide Advanced Questions (269 Terms with Accurate Definitions) Update 2023-2024.

1. Which type of work performed by a CPA is an attestation service? Risk advisory Website security assurance Data integrity Financial statement review - Financial statement review 2. Which entity may obtain audited financial statements to ensure a company is complying with industry regulations? Lenders Consumers Governments General public - Governments 3. Which group performs an audit and review of financial statements to ensure financial statement users' needs are met? Internal...

Which type of threat to ethical decision-making is demonstrated by this practice? Self-review Self-interest Adverse interest Undue influence - ANSWER Undue influence 8. A CPA has prepared a couple's joint tax returns for 10 years, but the couple is now experiencing a complicated divorce where both parties wish to claim the same child as a dependent. The CPA agrees to work with both clients on their tax returns. Which standard of the AICPA Code of Professional Conduct is being vi...