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Identify quality control standards and practices within the accounting profession.

TASK 1

Describe the nature of CPA firms and what they do.

2-2 Describe the structure of CPA firms.

2-3 Understand the role of the Public Company Accounting Oversight Board and the effects of the Sarbanes–Oxley Act on the CPA profession.

2-4 Summarize the role of the Securities and Exchange Commission in accounting and auditing.

2-5 Describe the key functions performed by the AICPA.

2-6 Understand the role of international auditing standards and their relation to U.S. auditing standards.

2-7 Use U.S. auditing standards as a basis for further study.

2-8 Identify quality control standards and practices within the accounting profession.

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