Show:
Misc
Hours
Chapters 18 and 21
Good CPAs
Bad CPAs
100
The number of Board of Accountancy members who are not and have never been certified public accountants or members of any closely related profession or occupation
What is 2
100
Number of hours of educational instruction or training in public accounting subjects or courses of study that each active Florida certified public accountant must have completed at any time or times during the re-establishment period
What is 80
100
Clients may recover damages from accountants for breach of contract, negligence, or fraud. This is an example of breach of contract.
What is failing to deliver an audit report on time or withdrawing from an audit engagement without justification
100
A personal history of honesty, fairness, and respect for the rights of others and for the laws of this state and nation
What is Good Moral Character
100
A candidate who has not received credit for all sections within the time frame allotted
What is a re-examination candidate
200
A three-month period in which candidates have an opportunity to take the CPA Examination
What is an examination window
200
The number of hours of accounting-related and/or auditing-related subjects that each active Florida certified public accountant must have completed at any time or times during the re-establishment period
What is at least 20
200
According to this, each defendant found guilty of contributing to a plaintiff's losses can be held liable for 100% of the judgement, regardless of the degree of fault.
What is joint and several liability
200
Offering to perform or performing for the public one or more types of services involving the expression of an opinion on financial statements
What is “Practicing public accountancy” or “public accounting” or Practice of public accounting/cy”
200
An example of a violation for which there is no substantial threat to the public health, safety and welfare but for which a citation may be issued:
What are a. Practicing on an inactive or delinquent license b. Licensees practicing in an unlicensed firm c. Licensees who complete continuing professional education requirements timely but who are found to be deficient after Dec 1st of their renewal year d. Licensees who fail to timely submit complete documentation for CE audit e. Retention of client records when records are returned more than three months after the date requested f. Failure to timely report being convicted or found guilty of a crime
300
This written understanding shall include a description of the nature and limitations of the services to be performed.
What is Understanding with the Entity
300
The number of hours of ethics training that each active Florida certified public accountant must have completed at any time or times during the re-establishment period
What is at least 4
300
It established proportionate liability for defendants who did not knowingly engage in securities fraud.
What is the Private Securities Litigation Reform Act (PSLRA)
300
An applicant who has completed 120 semester hours or 160 quarter hours from an accredited college or university with a concentration in accounting and business courses
Who is an applicant entitled to take the licensure examination to practice in this state as a CPA
300
Three types of penalties that may be imposed by the board or department given inappropriate behavior by CPA:
What are: a. Refusal to certify, or certification with restrictions b. Suspension or permanent revocation of a license c. Restriction of practice d. Imposition of an administrative fine not to exceed $5,000 for each count or separate offense e. Issuance of a reprimand f. Placing licensee on probation for a period of time g. Corrective action
400
A report issued in connection with a review of financial statements
What is an expression of opinion
400
The number of hours of behavioral subjects that each active Florida certified public accountant must have completed at any time or times during the re-establishment period
What is no more than 20 DAILY DOUBLE
400
Amended Rule 505 of the AICPA Code of Professional Conduct allowed accounting firms to do this.
What is practice in any form permitted under their state's laws.
400
The number of Board of Accountancy members who must be certified public accountants licensed in this state
What is 7
400
Making deceptive, untrue, or fraudulent representations in or related to the practice of a profession or employing a trick or scheme in or related to the practice of a profession constitutes this:
What is grounds for disciplinary action
500
One type of financial statements that may be prepared and submitted to others by persons other than certified public accountants
What are a. Such financial statements that are issued without attestation as an expert in accountancy  OR b. Such financial statements that do not in any manner whatsoever state, show, claim, or imply that the financial statements resulted from an audit examination or review
500
ALL necessary requirements to be licensed as a Florida certified public accountant
What are i. 150 semester hours (including baccalaureate or higher degree with concentration in accounting and business) ii. 1 year of work experience iii. Good moral character iv. Passing the licensure examination
500
Because of the Central Bank decision, lawsuits against auditors under the 1934 Act must demonstrate this.
What is that the actions of the auditors rise to the level of primary wrongdoing.
500
A certified public accountant shall comply with the following two (of four) general standards and must justify any departures therefrom:
What are a. Professional competence b. Due professional care c. Planning and supervision d. Sufficient relevant data
500
Minimum penalty for attempting to procure license by bribery or fraudulent misrepresentation
What is revocation and $5,000 fine if licensed (denial of license and refer to State Attorney if not licensed)