![]() ![]() Player Team W L ERA SO/IP HR/IP R/IP Verlander, J DET 24 5 2.40 1.00. The following data show values for these statistics for a random sample of 20 pitchers from the American League for a full season. R/IP: The number of runs given up per inning pitched. HR/IP: The average number of home runs per inning pitched. SO/IP: The average number of strikeouts per inning pitched. An earned run is any run that the opponent scores off a particular pitcher except for runs scored as a result of errors. Some of the statistics often used to evaluate pitching performance are as follows:ĮRA: The average number of earned runs given up by the pitcher per nine innings. MLB collects a wide variety of team and player statistics. Major League Baseball (MLB) consists of teams that play in the American League and the National League. Which of the following AICPA standards did the PCAOB not adopt as a part of its interim standards? Accounting and Review Services Standards. Which of the following is correct concerning PCAOB guidance that uses the term "must"? The auditor must fulfill the responsibilities if relevant to the audit. A financial statement audit report issued for a public company states that the audit was performed in accordance with which of the following standards? Public Company Accounting Oversight Board standards. At least how often should the PCAOB inspect a registered public accounting firm that regularly issues audit reports to 50 issuers? Every three years. The Public Company Accounting Oversight Board (PCAOB) is charged with all of the following responsibilities except: Establishing accounting standards for public companies. How many audits of public companies per year does a CPA firm that is registered with the Public Company Accounting Oversight Board (PCAOB) have to perform before it receives an annual inspection from the PCAOB? More than 100 audits. PCAOB may establish attestation standards, independence standards, auditing standards, and quality control standards. The Public Company Accounting Oversight Board (PCAOB) has authority to establish which of the following relating to public companies? Both attestation standards and independence standards Which of the following is correct concerning PCAOB inspections? Inspections may include consideration of aspects of practice management, such as how partner compensation is determined. Section 404 of the Sarbanes‐Oxley Act of 2002 requires each annual report of an issuer to include which of the following? Management's assessment of the effectiveness of internal control over financial reporting. The organization charged with protecting investors and the public by requiring full disclosure of financial information by companies offering securities to the public is the: Securities and Exchange Commission. A person identified as an audit committee financial expert of an issuer generally must have acquired the attributes of a financial expert through any of the following experiences, except Serving on at least one other issuer's audit committee or disclosure committee of the board of directors. ![]() Which of the following are issued by the Securities and Exchange Commission? Financial Reporting Releases. Which of the following is least likely to be directly examined in an inspection performed by the PCAOB? Compilation engagements. Under the Sarbanes‐Oxley Act of 2002, which of the following is not a stated responsibility of the Public Company Accounting Oversight Board? Issuing accounting standards that must be followed by issuers in financial reporting. How long in total is the partner allowed to serve as the engagement partner or review partner before someone else must serve in that capacity? 5 years. The Sarbanes‐Oxley Act of 2002 imposes a mandatory rotation applicable to both the audit engagement partner and the quality control (also called review) partner. Which of the following has the lowest authoritative status but may be useful in assisting the auditor in applying the SASs? Journal of Accountancy articles. ![]() Interpretive publications include all of the following, except for Articles in the AICPA's Journal of Accountancy. ![]()
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