auditing exam
the midterm. The following topics will cover the majority of the questions:
PCAOB – their composition, inspections, their frequency, inspection reports,
Fraud – duty to detect, risks for fraud, types of fraud
CPA liability – negligence, 1933 vs. 1934 acts, defenses
Compilations & reviews – their similarities and differences, procedures, reports
AICPA Code of Professional Conduct – discreditable acts, fees
Independence – GAAS & PCAOB, self-review, covered members, prohibited services
SEC & SOX – certification, internal controls, 102(e)
