Advanced Accounting and Auditing Quiz | AICPA ENGAGE 2019

Advanced Accounting and Auditing Quiz Overall Results

A significant risk is:

The authors of PPC's audit methodology anticipate that auditors will:

Which of the following expenses would be recognized by a lessee that had an operating lease under Topic 842?

Upon the adoption of CECL, in estimating the required allowance for loan and lease losses (ALLL), the life of the "life of loan" to be used for each loan and/or pool of loans is:

Which of the following is not a change made to the CPE requirements or applicable guidance found in Government Auditing Standards, 2018 Revision, Chapter 4?

Your firm practice includes nonprofits, private companies, single audits and related programs performed under Uniform Guidance and federal audits performed under GAO FAM guidelines. You are familiar with AICPA GAAS standards for financial statement audit sampling and the related audit guide. Are you able to use the GAAS sampling guidance to satisfy all three engagement purposes?

What makes a smart contract so "smart"?