Scope of Practice in Accountancy
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is a key aspect of a certified public accountant's role?

  • Holding out oneself as skilled in accounting knowledge and science (correct)
  • Auditing financial transactions only
  • Preparing income tax returns for personal use
  • Designing accounting systems for non-profit organizations

What is one of the services that a certified public accountant may offer to clients?

  • Preparation of income tax returns for personal use
  • Designing accounting systems for non-profit organizations
  • Rendering professional assistance in legal matters
  • Preparation of reports of audit, balance sheet, and other financial statements (correct)

What is a certified public accountant's role in relation to government agencies?

  • Representing clients before government agencies on tax and other matters relating to accounting (correct)
  • Representing clients before government agencies on legal matters
  • Filing financial statements with government agencies on behalf of clients
  • Providing professional assistance in matters relating to legal procedures

What is one of the purposes of a certified public accountant's services?

<p>Publication or filing with a court or government agency (B)</p> Signup and view all the answers

What is a key aspect of a certified public accountant's professional services?

<p>Rendering professional assistance in matters relating to accounting procedures (A)</p> Signup and view all the answers

In what context does one require professional knowledge in the science of accounting?

<p>When involved in decision-making in commerce and industry (A)</p> Signup and view all the answers

Who can teach business law and taxation subjects in an educational institution?

<p>Members of the Integrated Bar of the Philippines (D)</p> Signup and view all the answers

In what type of organization does a person require a civil service eligibility as a certified public accountant?

<p>Government-owned and/or controlled corporations (A)</p> Signup and view all the answers

What is a requirement for holding a position in an accounting professional group in government?

<p>Professional knowledge in the science of accounting (C)</p> Signup and view all the answers

What type of subject is a certified public accountant likely to teach in an educational institution?

<p>Financial management (C)</p> Signup and view all the answers

More Like This

Use Quizgecko on...
Browser
Browser