Tools of the Trade
The quality of being honest and having strong moral principles.
What is integrity?
Collection of commonly-followed accounting rules and standards for financial reporting.
What is the GAAP?
The principle that an individual shall not reveal information about their clients to a third party without consent.
What is confidential client information?
Mob drama regarded as one of the greatest films of all time. |
What is the Godfather?
A legal relationship between a professional firm and its client.
What is Engagement Letter?
This American energy corporation's financial scandal led to its' bankruptcy and the de facto dissolution of Arthur Anderson CPA firm.
What is Enron Corporation?
Reference to relationship of internal/external auditors from parties that have a financial interest.
What is independence?
Requirements to support competency and ensure the highest quality of services to the public.
What is CPE?
A fee for services provided where the fee is payable only if there is a favorable result
What is contingent fee?
A team of 9 CPAs spend up to 1,700 hours prior to this event, counting by hand the ballots cast in each category.
What are the Academy Awards?
Tests of details of transactions and balances.
What is substantive tests?
This Mexican-themed restaurant chain's food safety scandal has plagued the company since 2015 and is still in the process of regaining consumer trust.
What is Chipotle?
The capability to apply a set of related knowledge, skills and abilities required to perform a job.
What is competence?
World's largest member association representing the accounting profession.
What is AICPA?
Actions that will demonstrate a moral character flaw.
What is acts discreditable?
This progressive rock band launched the hitmaking solo careers for Phil Collins and Peter Gabriel.
What is Genesis?
A fraudulent investment operation where returns to investors are paid from new capital received rather than from actual profit earned.
What is a Ponzi Scheme?
The EPA determined this German car giant has admitted to cheating emissions tests in the U.S.
What is Volkswagen?
The first standard of field work states an auditor must adequately do this.
What is planning & supervision?
Our state public accountancy member organization.
What is NYSSCPA?
These marketing techniques must not be false, misleading or deceptive.
What is advertising & other forms of solicitation?
This Disney character lives in an old tree stump in the middle of a swamp and showers with mud.
Who is Shrek?
A violation of the rules applicable to a particular profession
What is professional misconduct?
This coffee chain initialized racial-bias trainings for its employees in the U.S. after an incident involving 2 black men.
What is Starbucks?
An auditor must obtain this to afford a reasonable basis for conclusions or recommendations.
What is sufficient relevant data?
An independent entity responsible to establish and interpret GAAP in the U.S.
What is FASB?
Members in public practice cannot receive this of third parties for any product or service provided.
What is commission or referral fees?
Known as one of the greatest American filmmakers who directed classics such as Schindler's List, Poltergeist and The Color Purple.
Who is Steven Spielberg?
A situation in which a person is in a position to derive personal benefit from actions or decisions made in their capacity.
What is conflict of interest?
He used a Ponzi scheme to lure investors by guaranteeing unusually high returns, though no actual profit was made.
Who is Bernie Madoff?