Abstract The auditing section of the May,1964 Uniform Certified Public Accountants (CPA) examination was given May 14, 1964 and included seven questions. Answers which follow are intended to typify those submitted by well-prepared candidates writing within approximately the time limits prescribed. They do not necessarily include all elements for which credit might be given by the Advisory Grading Service of the American Institute of CPA's or by the various state accountancy boards charged with responsibility of issuing CPA certificates. Some of the questions were, When no audit has been performed, any financial statements with which a CPA's name is associated should be conspicuously marked on each page as audited. When such statements are accompanied by his explanatory comments, the CPA must, five options were been provided. Another question was, when a CPA is examining the consolidated financial statements of a parent company and is utilizing the unqualified report of another CPA for a domestic subsidiary of material importance, the principal CPA, again five options were provided for correct answer.

Abstract This article presents an account of the examination of the auditing section of the November, 1962 Uniform C.P.A. examination that was given on November 8, 1962 from 8:30 to 12:00 noon, and included seven questions, all of which were to be attempted. One of the question stated that If a person is auditing the Alaska Branch of Far Distributing Co. This branch has substantial annual sales which are billed and collected locally. As a part of the audit it is found that the procedures for handling cash receipts are as follows: Cash collections on over-the-counter sales and C.O.D. sales are received from the customer or delivery service by the cashier. Upon receipt of cash the cashier stamps the sales ticket "paid" and files a copy for future reference. The only record of C.O.D. sales is a copy of the sales ticket which is given to the cashier to hold until the cash is received from the delivery service. Mail is opened by the secretary to the credit manager and remittances are given to the credit manager for his review. The credit manager then places the remittances in a tray on the cashier's desk. Finally the examinee had to describe the irregularities in the cash handling system.