Individuals are licensed as CPAs by individual states. Information on the requirements for each state can be found on the National Association of State Boards of Accountancy (NASBA) web site (www.nasba.org). The Uniform CPA Examination is administered by the American Institute of Certified Public Accountants (AICPA), and information on CPA examination requirements can be found on the AICPA web site (www.aicpa.org).
a. Identify the education requirements to be eligible to sit for the CPA exam in your country. Include any specific educational content requirements.
b. What are the Elijah Watts Sells awards?
c. What was the passing rate for each exam section in the most recent quarter?
International Standards on Auditing (ISAs) are issued by the International Auditing and Assurance Standards Board (IAASB). Use the IAASB web site (http://www.ifac.org/IAASB/)
to learn more about the IAASB and its standard-setting activities.
a. What is the objective of the IAASB? Who uses International Standards on Auditing?
b. Summarize the due process followed by the IAASB in setting standards.
c. How is the IAASB committed to transparency in the standard-setting process?
Auditing through World History
a. Identify and briefly discuss factors that have created the demand for international auditing.
b. What characteristics of the Industrial Revolution were essential for the enhanced
development of the audit profession?
International Accounting and Auditing Standards
a. How do International Financial Reporting Standards (IFRS) differ from International
Standards on Auditing (ISA)?
b. What are the ISA standards that are used by an auditor to guide him through the first
phase of an audit?