Questions from Auditing and Assurance

Q: An auditor would be most likely to identify a contingent liability by

An auditor would be most likely to identify a contingent liability by obtaining a(n) a. Accounts payable confirmation. b. Bank confirmation of the entity’s cash balance. c. Letter from the entity’s ge...

Q: What two presentation classification issues are important for the audit of debt

What two presentation classification issues are important for the audit of debt investments?

Q: An auditor should request that an audited entity send a letter of

An auditor should request that an audited entity send a letter of inquiry to those attorneys who have been consulted concerning litigation, claims, or assessments. The primary reason for this request...

Q: An auditor issued an audit report that was dual dated for a

An auditor issued an audit report that was dual dated for a subsequent event occurring after the date on which the auditor has obtained sufficient appropriate audit evidence but before issuance of the...

Q: Which of the following procedures would an auditor most likely perform to

Which of the following procedures would an auditor most likely perform to obtain evidence about the occurrence of any changes in internal control that might affect financial reporting between the end...

Q: Final analytical procedures are generally intended to a. Provide the

Final analytical procedures are generally intended to a. Provide the auditor with a final, overall evaluation of the relationships among financial statement balances. b. Test transactions to corrobora...

Q: Which of the following audit procedures is most likely to assist an

Which of the following audit procedures is most likely to assist an auditor in identifying conditions and events that may indicate substantial doubt about an entity’s ability to continue as a going co...

Q: Auditing standards primarily encourage which of the following conversations between the auditor

Auditing standards primarily encourage which of the following conversations between the auditor and another party about financial reporting? a. A conversation with those charged with governance to dis...

Q: Which of the following matters should an auditor communicate to those charged

Which of the following matters should an auditor communicate to those charged with governance?

Q: Which of the following events occurring after the issuance of a set

Which of the following events occurring after the issuance of a set of financial statements and the accompanying auditor’s report would be most likely to cause the auditor to make further inquiries ab...