Professional Documents
Culture Documents
I.
Quiz 3
Multiple Choice Questions. Select the best answer.
1.
Which of the following is not allowed by the Code of Ethics for Professional Accountants?
a. A professional accountant in public practice may issue to client or, response to an unsolicited request, to a non-client a
factual and objectively worded of the services provided.
b. A firm or CPA practitioner can continue to use the term accredited or any similar words or phrase calculated to
convey the same meaning if the claimed accreditation has not expired.
c. The use of the name of an international accounting firm affiliation/correspondence is generally allowed.
d. Booklets and other documents bearing the name of a professional accountant and giving technical information for the
assistance of staff or clients may be issued to such persons, other professional accountants or other interested parties.
e. None of the above
2.
3.
4.
5.
6.
Which of the following is not one of the specified objectives of the Accountancy Act of 2004?
a. Promulgation of accounting and auditing standards
b. Standardization and regularization of accounting education
c. Examination for registration of CPAs.
d. Supervision, control and regularization of accounting practice.
e. All of the above
7.
Which of the following is not a requisite in applying for the CPA licensure examinations?
a. Good moral character
b. BSA degree holder
c. Not been convicted of any criminal offense involving moral turpitude.
d. Filipino citizen
e. None of the above
8.
b.
c.
d.
e.
9.
Which of the following is allowed by the Code of Ethics for the Professional Accountants?
a. A professional accountant in public practice may issue client or, in response to an unsolicited request, to a non-client a
factual and objectively worded of the services provided.
b. Publicity on behalf of the client in which the emphasis on the publicity is directed towards the objective, to be achieve
for the client.
c. Booklets and other documents bearing the name of professional accountant and giving technical information for the
assistance of staff clients may be issued to such persons, other professional accountants or other interested parties.
d. The use of the name of an international accounting firm affiliation/correspondence is generally allowed.
e. All of the above.
10. In general sense, advertising and publicity in any medium are acceptable provided that
a. It has as its objective the notification to the public or such sectors of the public as are concern, of matter of fact in a
manner that is not false, misleading or deceptive.
b. It is in good taste
c. It is professionally dignified
d. It avoids frequent repetition of, and any undue prominence being given to the name of the firm or professional
accountant in public practice.
e. All of the above
11. The following shall not be allowed and prohibited advertising and publicity, except
a. Self-laundry statements.
b. Discrediting, disparaging or attacking other firms or CPA practitioners
c. Giving too much emphasis on competitive differences
d. Publishing services in billboard
e. All of the above
12. The following are objectives of CPE program, except
a. To raise and maintain the professionals capacity for delivering professional services.
b. To attain and maintain the highest standard and quality in the practice of his profession.
c. To comply with the requirements of the professional regulatory board.
d. To promote general welfare of the public.
e. All of the above
13. I. A foreign CPA who is an internationally recognized expert or with specialization in any branch of accountancy ad his
service is essential for the advancement of accountancy in the Philippines.
II. A foreign CPA engaged as professor, lecturer or critic in fields essential to accountancy education in the Philippines and
his engagement is confined to teaching only.
a. False, False
b. False, True
c. True, False
d. True, True
14. A candidate in CPA licensure examination, must have the grade of?
a. General average of seventy five percent (75%) in all the subject
b. General average of sixty five percent (65%) in all the subject
c. General average of seventy five percent (75%), with no grades lower than sixty five percent (65%) in all subjects.
d. General average of sixty five percent (65%), with no grades lower than seventy five percent (65%) in all subjects.
e. None of the above