Questions from Auditing and Assurance

Q: What types of disciplinary action may be taken if a member has

What types of disciplinary action may be taken if a member has violated the AICPA Code of Professional Conduct?

Q: The following questions deal with internal controls in the sales and collection

The following questions deal with internal controls in the sales and collection cycle. Choose the best response. a. Which of the following controls would be most effective in detecting a failure to re...

Q: For each of the following types of misstatements (parts a.

For each of the following types of misstatements (parts a. through c.), select the control that should have prevented the misstatement: a. Which of the following controls most likely will be effective...

Q: The following questions deal with audit evidence for the sales and collection

The following questions deal with audit evidence for the sales and collection cycle. Choose the best response. a. To determine whether internal control relative to the revenue cycle of a wholesaling e...

Q: The following questions concern the overall audit strategy and audit program,

The following questions concern the overall audit strategy and audit program, including selection of the type of test to perform. Choose the best response. a. In the financial statement audit of a non...

Q: The following questions pertain to client acceptance. Choose the best response

The following questions pertain to client acceptance. Choose the best response. a. When approached to perform an audit for the first time, the CPA should make inquiries of the predecessor auditor. Thi...

Q: The following questions concern the assessment of the risk of material misstatements

The following questions concern the assessment of the risk of material misstatements. Choose the best response. a. Which of the following circumstances most likely would cause the auditor to suspect t...

Q: The following questions concern the audit risk model. Choose the best

The following questions concern the audit risk model. Choose the best response. a. Some account balances, such as those for pensions and leases, are the result of complex calculations. The susceptibil...

Q: The following questions deal with audit risk and evidence. Choose the

The following questions deal with audit risk and evidence. Choose the best response. a. Which of the following does not increase the need for sufficient appropriate audit evidence? (1) A lower accepta...

Q: The following questions deal with audits by CPA firms. Choose

The following questions deal with audits by CPA firms. Choose the best response. a. Which of the following best describes why an independent auditor is asked to express an opinion on the fair presenta...