2 Which of these organizations issues CPA licenses to indivi

2. Which of these organizations issues CPA licenses to individuals and has the authority to revoke these licenses? a. AICPA b. PCAOB c. State Board of Accountancy d. State Society of CPAs e. State Department of Licensure and Regulation 3. Which of these is an example of an attest engagement? a. consulting b. tax e. compilation d. agreed upon procedures 4. What is the conclusion reached by a report on a review engagement? a. negative assurance b. positive assurance c. summary of findings d. disclaimer of opinion e. no assurance 5. Under the Sarbanes-Oxley Act of 2002, a CPA firm that audits 99 public companies would be inspected by the PCAOB a. every 3 years b. every year c. every 2 years d. every 5 years 6. What organization is in charge of auditing standards for auditing public entities? a. AICPA b. PCAOB c. GAO d. GASB e. FASB

Solution

2)

American institute of certified public accountants (AICPA) after conducting relevant examinations as per law. This certification is valid in the state it is issued.

Hence, correct option is (a) AICPA.