b. Project feasibility study. d. Assistance in budgeting. (?)
32-D
33.
Which of the following is not classifiable as a management advisory service by
CPAs?
a. Annual financial planning and budgeting. c. Information systems.
b. Public relations work. d. Lease-or-buy analysis.
33-B
34.
Management services of certified public accountant cover all of the following
except
a. Project feasibility studies. c. Organizational development and planning.
b. Systems design, development and implementation.
d. Audit, tax and legal
services.
34-D
35.
Which of the following does not relate to management services by CPAs?
a. Design and/or installation of accounting systems. c. Cost analysis of major
investment decisions.
b. Financial analysis for project feasibility studies.
d. None of the
above.
35-D
36.
Which of the following is not an area related to the performance of management
services by independent accounting firms?
a. Introducing new ideas, concepts and methods to management.
b. Improving existing policies, methods and procedures
c. Performing special studies, preparing recommendations, and formulating plans and
programs
d. Performing management functions and making decisions
36-D
37.
A management advisory services engagement involves the following activities in
what order?
I. Post-engagement follow-up.
II.
Implementing the recommendation.
III. Conducting the engagement.
IV.
Negotiating the engagement.
V. Preparing for and starting the engagement.
VI.
Evaluating the engagement.
VII. Preparing and presenting report and recommendations.
a. VII, VI, V, IV, III, II and I.
c. IV, III, V, VI, II, VII, and I.
b. III, IV, V, VI, VII, I and II.
d. IV, V, III, VII, II, VI, and I.
37-D
38.
The following statements refer to competence of CPA’s in management advisory
services except
a. In concept it refers to the technical qualification of the practitioner and his
ability to supervise and evaluate the quality of work of his staff assigned to the
engagement so as to be responsible for the successful completion of the project.
b. It is acquired by education, self study, attendance to professional development
courses, actual experience in MS work and research.
6