Kansas State University

ACCTG 642

CHAPTER 1

1)De?ne the term research.

2. Explain what accounting, auditing, and tax research are.

3. Why is accounting, auditing,  and  tax research necessary?

4. What is the objective of accounting, auditing, and tax research?

5. What role does professional research play in an accounting ?rm or department? Who primarily conducts the research?

6. What are the functions or responsibilities of the policy committee and executive subcommittee in a multi-of?ce ?rm?

7. Identify and explain some basic questions the researcher must address in performing accounting, auditing, or tax research.

8. Differentiate between theoretical and applied research.
9. Identify the characteristics that an accounting practitioner should possess.

10. Provide an example of utilizing the research navigation guide.
11. Distinguish between a priori and a posteriori research. Which research is used more for planning work?

12. Explain the analogy of the California court decision dealing with legal research as it relates to the accounting practitioner.

13. Explain how the research process adds value to the services offered by an accounting ?rm.

14. What consequences are considered in the standard-setting process?
15. Explain the importance of identifying keywords when identifying relevant facts and issues.

16. Explain the ?ve basic steps in research.
17. Discuss how research can support or refute a biased alternative.

18. Explain what is meant by problem distillation and its importance in the research process.

19. What skills are important and tested on the CPA exam?

20. Your conclusion to the research is often presented to your boss or client in the form of a research memorandum. Identify the basic points to include in this memo. Also, identify at least two common errors to avoid in the drafting of the memo.

21. Explain the necessity of critical thinking in the research process.

22. Why did the SEC bring an enforcement action against a CPA concerning research?

23. If authoritative literature does not exist, what steps might the researcher take?