Denise M Stefano - McGraw-Hill Education 2,000 Review Questions for the CPA Exam

About the Authors

Denise M. Stefano, CPA, CGMA, MBA, is an associate professor of accounting and the accounting program chairperson with Mercy College. She serves as a board member to the New York State Society of Certified Public Accountants at the New York State level.

Darrel Surett, CPA, taught accounting, business law, and income tax courses for 25 years as an adjunct professor at Union County College. He is a partner in the CPA firm of Barry Surett & Co.

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Darrel Surett dedicates this book to his father, Barry, who taught college accounting for over 50 years.

Denise M. Stefano dedicates this book to her daughter, Catalina, and all of her students, who collectively inspire her to be the best educator she can be.

Youve taken a big step toward CPA exam success by purchasing McGraw-Hill Education: 2,000 Review Questions for the CPA Exam. This book gives you 2,000 multiple-choice questions, combining theory and practice, and covering the most essential material for all four parts of the Uniform CPA Examination: Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, and Regulation. Each question is clearly explained in the answer key. The questions will give you valuable independent practice to supplement your other studies.

You might be the kind of student who needs extra study a few weeks before the exam for final review. Or you might be the kind of student who puts off preparing until the last minute before the exam. No matter what your preparation style, you will benefit from reviewing these 2,000 questions, which closely parallel the content of the actual CPA exam. These questions and the explanations in the answer key are the ideal last-minute study tool for those final weeks before the test.

If you practice with all the questions and answers in this book, we are certain you will build the skills and confidence needed to excel on all sections of the CPA exam. Good luck!

. Which of the following standards-setting bodies has authority to issue auditing standards for financial statement audits of nonissuers?

I. Auditing Standards Board

II. Public Company Accounting Oversight Board

A. I only

B. II only

C. Both I and II

D. Neither I nor II

. Whenever an independent expert is brought in to examine financial statements with hopes of adding credibility, that engagement and reporting process is known as an:

I. audit

II. attestation

A. I only

B. II only

C. Both I and II

D. Neither I nor II

. A CPA performed the following engagements in February of Year 3. Which is considered an attestation engagement?

I. Audit of Year 2 financial statements

II. Examination of Year 4s proposed financial information

A. I only

B. II only

C. Both I and II

D. Neither I nor II

. After an audit, the financial statements are the responsibility of:

I. the independent auditor

II. the management of the reporting company

A. I only

B. II only

C.