98.The American Institute of Certified Public Accountants has a code of professional conduct that expresses the accounting profession's recognition of its responsibilities to all of the following
except:
A. The public.
B. The client.
C. Colleagues.
D. The IRS.
99.The work of accountants practicing in public accounting may best be described as:
A. Providing various types of accounting services to a wide variety of clients.
B. Preparing income tax returns for individuals and small businesses.
C. Developing and interpreting information tailored to the needs of business managers.
D. Helping governmental agencies carry out their various regulatory responsibilities.
100.The primary function of external auditors is to:
A. Express an opinion on the fairness of the company's financial statements.
B. Determine the accuracy of the management reports.
C. Evaluate the efficiency of operations and the degree of compliance with management's policies in all departments within a large organization.
D. Determine that financial statements and all special reports to management are prepared in conformity with generally accepted accounting principles.
101.Management accountants primarily are concerned with developing information:
A. For use in income tax returns.
B. Suited to the needs of stockholders, creditors, and other external decision makers.
C. In conformity with generally accepted accounting principles.
D. Suited to the needs of decision makers within the organization.
102.The designation of CPA is given by:
A. Universities.
B. States.
C. The AICPA.
D. The SEC.
103.One of the principal functions of CPAs is to:
A. Audit income tax returns to determine if taxpayers have underpaid their income taxes.
B. Conduct audits to determine whether the employees of a business are performing their jobs honestly and efficiently.
C. Advise individual investors on stock market investments.
D. Perform audits to determine the fairness of a company's financial statements.
104.The SEC requires corporate officers to sign the Form 10-K, which is filed annually with the SEC. Which of the following officers is
not
among those required to sign?
A. CEO (Chief Executive Officer).
B. CAO (Chief Accounting Officer).
C. CFO (Chief Financial Officer).
D. COO (Chief Operating Officer).