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Sunday, November 9, 2014

Quizzer in Auditing Problems by Punongbayan and Araullo

Logo owned by Punongbayan & Araullo (P&A)
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Punongbayan & Araullo (P&A) is considered one of the professional services firm in the Philippines providing Audit, Tax and Advisory Services. It is the Philippine Member Firm within Grant Thornton International one of the world's leading organizations of independently owned and managed accounting and consulting firms (http://www.punongbayan

The firm was born in 1988 and is currently headed by two influential leaders in the accounting practice: Benjamin R. Punongbayan and Jose G. Araullo.

As one of the prominent firms in the Philippines, P&A sponsors big events related to the accountancy profession such as nationwide accounting quizbowls organized by the independent body of aspiring accountants Junior Philippine Institute of Accountants in the Philippines (JPIA).

In this post, we will be providing you a quizzer formulated by P&A. The quizzer is composed of more than 20 problems divided into three parts: easy, average and difficult. Correct answers are highlighted in a bold format. If you are an inspiring quizbowler or just a mere CPA reviewee, you can use this wonderful tool.

*Author's Note: These materials are intended solely for review and academic use specifically published to help aspiring CPA Reviewees and accountancy students prepare for the Philippine Certified Public Accountant (CPA) Board Examinations. Copying and distributing such materials are considered violations of the copyright law and may result to legal proceedings.

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