Is It Independent?
Accounting Acronyms
100

What are examples of services that an accounting firm cannot provide for an audit client?

Tax services, consulting, bookkeeping

100

Name the professional organization for accountants that provides a code of ethics that all of its members must adhere to. 

AICPA

200

Can an auditor own large amounts of stock in the company it is auditing?

No

200

Which organization reviews the audit engagements performed by large accounting firms on public companies?

PCAOB

300

Would it be ethical for an accountant to provide audit services to a company if they worked in their accounting department 3 months ago?

Probably not

300

Which Big 4 member was Xerox's auditor when the SEC launched an investigation into their accounting practices in 2000?

KPMG