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TRUE OR FALSE QUESTIONS 1. The primary purpose of Management Advisory Services is to provide advice and technical assistance to help the client improve use of its capabilities and resources. 2. For an audit client, an MAS practitioner shall not assume a role of management or any position that might impair his objectivity. 3. Recommendations and comments as direct result of observations during audit compilation and review are part of MAS engagement or consultations. 4. The general and technical standards for MAS practice are both applicable to MAS engagements and consultations. 5. One who is not a CPA and performs an MAS service for a client of a PICPA member is an MAS practitioner. 6. One of the general standards for MAS practice specifies that a practitioner's name can be used in a manner which may lead to the belief that he vouches for the achievability of a forecast. 7. An understanding (oral or written) with client should determine the nature, scope and limitations of services to be performed. 8. An MAS practitioner is not allowed to secure the assistance of other qualified professionals in order to complete the engagement. 9. Where a practitioner is asked to respond to an inquiry concerning MAS matter unrelated to the engagement, both the inquiry does not fall within the definition of MAS consultation 10. Professional competence includes the ability to effectively communicate and assist in implementation of recommendations. 11. An MAS practitioner should plan and supervise engagement in order to provide reasonable assurance that work is in accordance with understanding with client. 12. The engagement plan should be developed that can be modified as necessary during engagement 13. An MAS practitioner in determining the nature and quality of information should exercise personal judgment. 14. The practitioner should not guarantee results of MAS engagement either implicitly or explicitly. 15. Final reports in MAS engagement may be oral or written depending on the understanding with client. 16. The nature of MAS consultations may be in the course of a telephone conversation, non-business meetings, or they may occur at a meeting in the client's office. 17. The role of practitioner in MAS engagement serves as an objective advisor while MAS consultation the practitioner serves as general business advisor. 18. An MAS practitioner may perform MAS service in a specific area although lacks competence in that particular area. 19. In MAS consultations, the practitioner should be careful to avoid misleading the client into believing that he guarantees the benefits the client seeks. 20. The code of professional ethics that specifically deals with the expression of an opinion does not apply in MAS practice

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