StatementsAnswer1. The two most essential qualities for a CPA to perform the attest function properly...

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Accounting

StatementsAnswer1. The two most essential qualities for a CPA to perform the attest function properly are professional competence and __________.independence2. To __________ to information means to provide assurance as to its fairness and dependability.attest3. "Accounting and review services" is the term used by CPA firms to describe work done for small businesses that do not want audits, but periodically need the services of professional accountants. Such services often consist of the preparation, compilation or __________ of financial statements.review4. Primary responsibility for audited financial statements rests with __________ even though the statements may be drafted and processed in the auditors' office.staff assistants5. The __________ is a governmental organization that regulates the sale of securities.Securities and Exchange Commission6. The __________ regulates all accounting firms that audit public companies.Public Company Accounting Oversight Board7. Public accounting firms are organized as sole proprietorships, partnerships, professional corporations, or __________.limited liability companies (limited liability partnerships)8. The professional staff of a typical public accounting firm includes partners, managers, senior auditors and __________.management9. The AICPA requires members in public practice to obtain 120 hours of ___________ every three years.continuing education10. An operational audit is a study of a unit of an organization to evaluate the efficiency and __________ of the unit.effectiveness

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