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Auditing and Assurance Services 16th Edition Arens Test Bank
Auditing and Assurance Services 16th Edition Arens Test Bank
Auditing and Assurance Services 16th Edition Arens Test Bank
3) Sarbanes-Oxley and the Securities and Exchange Commission restrict auditors from providing
many consulting services to their publicly traded audit clients. Which of the following is true for
auditors of publicly traded companies?
I. They are restricted from providing consulting services to privately held companies.
II. There is no restriction on providing consulting services to non-audit clients.
A) I only
B) II only
C) I and II
D) Neither I nor II
Answer: B
Terms: Sarbanes-Oxley and Securities Exchange Commission restrictions
Diff: Moderate
Objective: LO 2-1
AACSB: Reflective thinking
Topic: SOX
1
Copyright © 2017 Pearson Education, Inc.
6) In which type of service does the CPA assemble the financial statements but provide no
assurance to third parties?
A) audit
B) compilation
C) review
D) bookkeeping
Answer: B
Terms: Compilation
Diff: Moderate
Objective: LO 2-1
AACSB: Reflective thinking
7) In addition to attestation and assurance services, CPA firms provide other services to their
clients. List three of these services.
Answer: Other services performed by a CPA firm include:
• accounting and bookkeeping services
• tax services
• management consulting and risk advisory services.
Terms: Activities of CPA firms
Diff: Moderate
Objective: LO 2-1
AACSB: Reflective thinking
2
Copyright © 2017 Pearson Education, Inc.
8) Many small, local accounting firms perform audits as their primary service to their clients.
Answer: FALSE
Terms: Small accounting firms do not perform audits
Diff: Easy
Objective: LO 2-1
AACSB: Reflective thinking
9) Sarbanes-Oxley and the Securities and Exchange Commission restrict auditors from providing
many consulting services to their publicly traded audit clients.
Answer: TRUE
Terms: Sarbanes-Oxley and Securities Exchange Commission restrictions
Diff: Easy
Objective: LO 2-1
AACSB: Reflective thinking
Topic: SOX
2) Which staff level in a CPA firm performs most of the detailed audit work?
A) partner
B) staff assistant
C) senior auditor
D) senior manager
Answer: B
Terms: Staff levels in CPA firm
Diff: Easy
Objective: LO 2-2
AACSB: Reflective thinking
3
Copyright © 2017 Pearson Education, Inc.
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LONGDEN, S J R (youngest son of John Robert Longden
of Doctors’ commons, London, proctor). b. 1827; government clerk
in the Falkland islands 1844, colonial secretary there to 1861; pres.
of Virgin Islands 1861; lieut. governor of Dominica 5 Sep. 1865;
governor of British Honduras 5 Dec. 1867; governor of Trinidad 18
July 1870; governor of British Guiana 14 March 1874; governor of
Ceylon 30 June 1877 to 1883; C.M.G. 23 Feb. 1871, K.C.M.G. 13
March 1876, G.C.M.G. 24 May 1883; alderman of Hertfordshire
under Local government act. d. Longhope near Watford, Herts. 4
Oct. 1891; cremated at Woking cemet. 9 Oct.
LONGFIELD, G (4 son of rev. Mountifort Longfield, V. of
Desertserges, co. Cork). Ed. at Trin. coll. Dublin, scholar 1837–42,
fellow 1842 to death; B.A. 1840, M.A. 1844, B.D. 1864, D.D.
1866; professor of Hebrew, univ. of Dublin 1869 to death; treasurer
of St. Patrick’s cathedral 1877; author of An introduction to the
study of the Chaldee language 1859. d. 3 Nov. 1878.
LONGFIELD, J (2 son of John Longfield of Longueville, co. Cork
1767–1842). b. Dublin 18 Sep. 1804; ensign 8 foot 28 June 1825,
lieut.-col. 3 April 1846 to 1 June 1860 when placed on h.p.;
brigadier general Bengal 1855, 1856 and 1857–59; col. 29 foot 19
April 1868 to 19 Dec. 1881; general 19 July 1876; col. Liverpool
regiment, 8 foot, 19 Dec. 1881 to death; C.B. 21 Jany. 1858. d.
Kilcoleman, Bandon, co. Cork 27 Feb. 1889. History of Eighth foot
2 ed. p. 283.
LONGFIELD, M (brother of George Longfield d. 3 Nov.
1878). b. South of Ireland 1802; ed. at Trin. coll. Dublin, B.A. 1823,
M.A. 1829, LL.D. 1831; fellow of Trin. coll. 1825–34; professor of
political economy univ. of Dublin 1832–6, regius professor of
feudal and English law 29 Nov. 1834 to death, discharged his duties
by deputy from 1871; called to Irish bar 1828; Q.C. 2 Nov. 1842,
bencher of King’s inns 1859; comr. of Incumbered estates court
1849–58, a judge of Landed estates court 1858–67; comr. of Irish
national education 1853; P.C. Ireland 1867; author of Four lectures
on poor laws 1834; Lectures on political economy 1834; Remarks
on the safety and advantages of commutation if accepted by the
clergy generally 1870; Elementary treatise on series 1872. d. 47
Fitzwilliam sq. Dublin 21 Nov. 1884. Irish Law Times 29 Nov. 1884
p. 606.
LONGFIELD, R (brother of John Longfield 1804–89). b.
Longueville, co. Cork 1802; ed. St. John’s coll. Camb., B.A. 1824;
sheriff of Cork 1833; contested co. Cork 24 Jany. 1835 and seated
on petition 5 June; contested co. Cork 18 Aug. 1837 and 15 July
1841. d. Longueville house, Mallow 19 June 1889.
LONGFIELD, R (brother of Mountifort Longfield 1802–84). b. co.
Cork 1810; ed. at Trin. coll. Dublin, B.A. 1830, M.A 1832; called to
Irish bar 1834; Q.C. 9 Nov. 1852; law adviser of crown for Ireland
1866 to death; chairman of quarter sessions, co. Galway, Dec. 1867
to death; law adviser to the castle, Dublin; M.P. Mallow, May 1859
to 1865; author of The laws of distress and replevin in Ireland.
Dublin 1841; A treatise on the action of ejectment in the superior
courts in Ireland 2 ed. 1846; The origin of freemasonry 1857; The
fishery laws of Ireland 1863; The game laws of Ireland 1864. d. 33
Merrion sq. south, Dublin 27 April 1868.
LONGFORD, W L P , 4 Earl of (2 son of 2 earl of
Longford 1774–1838). b. Pakenham hall 31 Jany. 1819; ed.
Winchester; ensign 52 foot 25 Aug. 1837; lieut. 7 foot 1838, captain
1844, placed on h.p. 6 July 1852; A.Q.M.G. Crimea 1854–5,
A.A.G. 1855, A.G. 1855–6; in battles of Alma, Balaklava and
Inkerman, and at siege of Sebastopol, medal with 4 clasps; A.G.
Bengal, Feb. 1858 to 2 July 1860; succeeded his brother as 4 earl 27
March 1860; C.B. 5 July 1855, K.C.B. 28 June 1861, G.C.B. 24
May 1881; under sec. of state for war 7 July 1866 to 8 Dec. 1868;
lord lieut. of Longford 21 March 1874 to death; col. 5
Northumberland fusiliers 11 Sep. 1878 to death; general 31 July
1879; placed on retired list 1881. d. 24 Bruton st. London 19 April
1887.
LONGLANDS, H (son of Thomas Longlands of Greenwich). b.
1781; ed. at Westminster, King’s scholar 1796; barrister M.T. 10
Feb. 1809, bencher 1841 to death, treasurer 1851; secretary to West
India Dock co. 1818–38. d. Blackheath road, Old Charlton 9 Feb.
1857.
LONGLEY, C T (5 son of John Longley, recorder of
Rochester, d. 1822). b. Boley Hill, Rochester 28 July 1794; ed. at
Cheam, Surrey; King’s scholar at Westminster 1808; student at Ch.
Ch. Oxf. 1812, Greek reader 1822, tutor and censor 1825–8; B.A.
1815, M.A. 1818, B.D. and D.D. 1829; proctor of the univ. 1827; C.
of Cowley, Oxon. 1818, P.C. of Cowley 1823–7; R. of West
Tytherley, Hants. 1827–9; head master of Harrow school 21 March
1829 to Oct. 1836; bishop of Ripon 15 Oct. 1836, consecrated in
York cath. 6 Nov. 1836; translated to see of Durham 13 Oct. 1856;
archbishop of York 1 June 1860; P.C. 9 June 1860; archbishop of
Canterbury 20 Oct. 1862 to death, installed 12 Dec. 1862; the
Lambeth or Pan-Anglican synod of 78 British, colonial and foreign
prelates met in London under his presidency 24–27 Sep. 1867;
translated Koch’s Tableau des révolutions de l’Europe 1831; author
of A letter to the parishioners of St. Saviour’s, Leeds 1851. d.
Addington park near Croydon 27 Oct. 1868. F. Arnold’s Our
bishops and deans, i 161–8 (1875); Macmillan’s Mag. March 1883
pp. 346–58; Illust. news of the world, viii (1861), portrait;
Illustrated times 25 Oct. 1862 p. 417, portrait, 20 Dec. 1862 p. 541
view of installation.
LONGMAN, C (2 son of Thomas Norton Longman, publisher
1771–1842). b. 11 Feb. 1809; ed. Westminster 1822–4; head of firm
of J. Dickinson & Co. paper makers, 65 Old Bailey and 1 Irongate
wharf, Praed st. London; F.G.S. 1862; dropped down dead in his
park, Shendish near Hemel Hempstead, Herts. 4 Jany. 1873; will
proved 15 Feb. 1873, personalty under £200,000.
LONGMAN, T (brother of the preceding). b. 1804; ed. at
Glasgow univ.; partner in Longman, Rees, Orme, Brown and Green,
publishers 38 Paternoster row 1832, head of the firm 1842 to death;
superintended production of The New Testament illustrated with
engravings on wood after paintings by Fra Angelico, Pietro
Perugino and other great masters 1864, 250 copies at ten guineas
each, 2 ed. 1864, reprinted 1883; published lord Macaulay’s works,
sent him a cheque for £20,000 dated 13 March 1856 for his share of
profits of his History of England vols. 3 and 4; the firm purchased
business and stock of John W. Parker publisher 1863; purchased
copyright of Disraeli’s novels 1870; bought Farnborough hall,
Hants. for nearly £100,000, 1859. d. Farnborough hall 30 Aug.
1879. History of the house of Longman. By Francis Espinasse in
The Critic, xx 366, 431, 483 (1860); Curwen’s Booksellers (1873)
79–109.
LONGMAN, T T (son of John Longman). b. Castle Cary,
Somerset 1818; ed. St. Mary’s coll. Oscott; one of first to take B.A.
degree at univ. of London 1841; ordained priest 1840; missioner at
Wolverhampton, at Bloxwich, at Hampton hill, and at Warwick
where he built the R.C. church; administrator of St. Chad’s cath.
Birmingham 1867, canon of the cath. 1873, vicar general of the
diocese 1873–91; in charge of St. Peter’s, Leamington 1884–91;
dignity of Monsignor conferred on him by the Pope, June 1890;
member of Birmingham school board. d. Leamington 14 Dec. 1892.
Daily Graphic 17 Dec. 1892 p. 3, portrait.
LONGMAN, William (brother of Thomas Longman 1804–79). b. 9 Feb.
1813; entered service of Longman & Co. publishers 1828, a partner
1839 to death; freeman of Stationers’ Co. 1834; an early member of
Alpine club 1857, pres. 1871–4; F.S.A. 16 Jany. 1873; author of A
catalogue of works in all departments of English literature
classified, anon., Second edition 1848; Journal of six weeks’
adventures in Switzerland, Piedmont and the Italian lakes. By W.
Longman and H. Trower. Privately printed 1856; Lectures on the
history of England to the close of the reign of Edward II. 1859; The
history of the life and times of Edward III. 2 vols. 1869; A history
of the three cathedrals dedicated to St. Paul in London 1873. d.
Ashlyns, Great Berkhampstead 13 Aug. 1877. William Longman. By
H. R. (Henry Reeve) in Fraser’s Mag. for Oct. 1877 pp. 417–21;
Publishers’ Circular (1877) 605–6; Graphic, xvi 204 (1877),
portrait.
LONGMIRE, M (dau. of John and Margaret Atkinson). b.
Westmoreland 15 April 1765; bapt. Windermere 19 May 1777; a
servant on various farms; m. James Longmire of Crawmire’s, he d.
19 Jany. 1831; a sick nurse; had parochial relief. d. Troutbeck 30
May 1868 aged 103 years and 6 weeks. She was grandmother of
Thomas Longmire the champion wrestler of England. W. J. Thom’s
Longevity of Man (1879) 272–80.
LONGMUIR, J (son of John Longmuir). b. Stonehaven,
Kincardineshire 13 Nov. 1803; ed. at Aberdeen gr. sch. and
Marischal coll., M.A., LL.D. King’s coll. Aberdeen 1859; English
master Anderson’s Institution, Forres; licensed by presbytery of
Forres, July 1833; evening lecturer in Trinity chapel, Aberdeen
1837; minister of Mariners’ church, Aberdeen Sep. 1840; minister
of Free church, Aberdeen 1843–81; lecturer on geology at King’s
coll. Aberdeen to 1859; author of The College and other poems.
Aberdeen 1825, anon.; Bible Lays 1838, 2 ed. 1877; Ocean Lays
1854, new ed. 1864; Lays for the lambs 1860; A run through the
land of Burns and the covenanters 1872; edited Rhythmical index to
the English language 1877; Walker and Webster combined in a
dictionary of the English language 1864, 2 ed. 1876. d. Aberdeen 7
May 1883. W. Walker’s Bards of Bon-Accord (1887) 407–14;
Edwards’s Modern Scottish Poets 2nd series.
LONGSTAFF, G D . L.F.P.S. Glasgow 1827; M.D. Edinb.
1828; assist. professor of chemistry Edinb. univ., where he was the
first teacher of practical chemistry to medical students; physician at
Hull some years; in America some years; engaged in commerce in
England; superintendent of special constables in Chartist riots 1848;
a founder 1841 and V.P. of Chemical Soc. of London; chairman of
royal maternity charity, London; first member of Wandsworth
district board of works; author of Dissertatio inauguralis de calorico
1828. d. Butterknowle, Southfields, Wandsworth, Surrey 23 Sep.
1892.
LONGWORTH, J A . Consul at Monastir, Tunis 29 Sep.
1851; employed on several special services 1854–58; consul general
in Servia 13 Feb. 1860 to 14 Feb. 1875 when he retired on a
pension; C.B. 25 Oct. 1865; author of A year among the Circassians
2 vols. 1840. d. 16 Westbourne park villas, Bayswater, London 23
July 1875.
LONGWORTH, M T (7 child of Thomas Longworth of
Manchester, silk manufacturer, d. Altrincham, Cheshire 1854). b.
Fairyhill, Cheetwood near Manchester 1827; ed. at a convent in
Staffs. and at an Ursuline convent school at Boulogne; began a
correspondence 1853 with Wm. Charles Yelverton afterwards 4
viscount Avonmore, met him again when she was a nurse at Galata
hospital, Constantinople, during Crimean war, Aug. 1855 and they
became engaged; he read aloud the Church of England marriage
service at her lodgings 1 St. Vincent st. Edinburgh 12 April 1857,
they were afterwards married by rev. Bernard Mooney at R.C.
chapel at Kilbroney near Rostrevor in Ireland, and lived together in
Ireland and Scotland till April 1858; Yelverton married Emily
widow of professor Edward Forbes 26 June 1858; Miss Longworth
sued Yelverton for restitution of conjugal rights in probate court,
London 31 Oct. 1859 but the court decided that it had no
jurisdiction; the Scottish court of session upheld the marriage 19
Dec. 1862 but this judgment was reversed by the house of lords 28
July 1864; her attempt to reopen the case at Edinburgh in March
1865, failed and the house of lords supported the Scottish court 30
July 1867, her appeal to court of session to set aside judgment of
house of lords was rejected 28 Oct. 1868; a subscription in her
behalf was raised in Manchester; gave her first reading at Hanover
square rooms, London 6 April 1866; author of Martyrs to
circumstances 2 vols. 1861; The Yelverton correspondence 1863;
Zanita, a tale of the Yosemite 1872; Teresina Peregrina 2 vols. 1874;
Teresina in America 2 vols. 1875; lived at Pietermaritzburg, Natal,
about March 1880 to her death there 13 Sep. 1881. J. F. Macqueen’s
Reports in the House of Lords, iv 745–912 (1866); Law mag. and
law review, xi 215–34 (1861); Illust. Times 9 March 1861 p. 143,
portrait; A.R. (1861) 528–42; Reynolds’s Miscellany, xxvii 336
(1862), portrait; Illust. sporting news, v 117 (1866), portrait.
N .—J. R. O’Flanagan’s novel entitled Gentle blood or the secret marriage 1861 is founded
on the Yelverton marriage case, Miss Longworth is called in the novel Sybilla Longsword and
Yelverton figures as Rodulphus Silverton.