When the Accountant Performs an Audit That Involves a Public

question 11

Multiple Choice

When the accountant performs an audit that involves a public client outside the U.S.that reports to the SEC in the U.S.

• A)he follows the guidelines of the profession listed in Statements on Auditing Standards
• B)he follows the guidelines of the profession issued by the Public Companies Accounting and Oversight Board
• C)he follows the guidelines of the profession listed in Statements on Standards for Accounting and Review Services
• D)he follows the guidelines of the profession listed in Statements on Standards for Attestation Engagements

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Definitions:

Job Analysis

The process of gathering, documenting, and analyzing information about job duties, responsibilities, necessary skills, outcomes, and work environment of a specific job.

Workforce Planning

The process used by managers to determine their needs with regard to human resources including retaining their talented employees, promoting employees, as well as removing poor performers.

Critical Elements

Fundamental components or aspects that are essential for the success or effectiveness of a system, process, or strategy.

Bona Fide Occupational

A qualification or requirement that is genuinely necessary for a particular job, used to justify certain hiring criteria that might otherwise be viewed as discriminatory.