Questions from Auditing and Assurance


Q: Auditing standards have been criticized by different sources for failing to provide

Auditing standards have been criticized by different sources for failing to provide useful guidelines for conducting an audit. The critics believe the standards should be more specific to enable pract...

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Q: How do the eight parts of a standard unmodified opinion audit report

How do the eight parts of a standard unmodified opinion audit report for nonpublic companies differ from those found in a qualified opinion report?

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Q: Identify the four parts of the Uniform CPA Examination.

Identify the four parts of the Uniform CPA Examination.

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Q: Explain the auditor’s responsibility to consider compliance with laws and regulations.

Explain the auditor’s responsibility to consider compliance with laws and regulations. How does this responsibility differ for laws and regulations that have a direct effect on the financial statement...

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Q: Why might an organization seek the assurance of a CPA about information

Why might an organization seek the assurance of a CPA about information presented in the organization’s corporate sustainability report?

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Q: Distinguish among the following three factors impacting a loan interest rate:

Distinguish among the following three factors impacting a loan interest rate: risk-free interest rate, business risk, and information risk. Which one or ones does the auditor reduce by performing an a...

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Q: What are the purposes of the auditor’s responsibilities section in the auditor’s

What are the purposes of the auditor’s responsibilities section in the auditor’s report? Identify the most important information included in the auditor’s responsibilities section.

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Q: On February 17, 2019, a CPA completed all the evidence

On February 17, 2019, a CPA completed all the evidence gathering procedures on the audit of the financial statements for the Buckheizer Technology Corporation for the year ended December 31, 2019. The...

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Q: Describe the information included in the opinion and basis for opinion sections

Describe the information included in the opinion and basis for opinion sections in a separate audit report on the effectiveness of internal control over financial reporting. What is the nature of the...

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Q: What is the primary purpose of analytical procedures performed during the completion

What is the primary purpose of analytical procedures performed during the completion phase of the audit?

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