Questions from Auditing and Assurance

Q: The following sales procedures were encountered during the annual audit of Griezmann

The following sales procedures were encountered during the annual audit of Griezmann Wholesale Distributing Company: Customer orders are received by the sales order department. A clerk computes the ap...

Q: Describe the relations among international auditing standards, AICPA auditing standards,

Describe the relations among international auditing standards, AICPA auditing standards, and PCAOB auditing standards.

Q: Suppose that you share a ride to a client with another audit

Suppose that you share a ride to a client with another audit staff member. Your colleague proposes that you both submit mileage reimbursement requests for each day of the audit even though you share r...

Q: The following questions address CPA firms and entities that regulate them.

The following questions address CPA firms and entities that regulate them. Choose the best response. a. An auditor of an entity subject to the rules of the SEC must conduct the financial statement aud...

Q: The following questions concern CPA firms’ liability under common law or statutory

The following questions concern CPA firms’ liability under common law or statutory law. Choose the best response. a. Which of the following elements is required to be proven by the plaintiff to hold a...

Q: Distinguish between an unmodified opinion audit report that contains an emphasis-

Distinguish between an unmodified opinion audit report that contains an emphasis-of-matter explanatory paragraph and a qualified report.

Q: The following questions deal with assurance services and types of audits.

The following questions deal with assurance services and types of audits. Choose the best response. a. Which of the following is considered an assurance engagement? (1) Bookkeeping (2) Preparation (3)...

Q: The following independent scenarios describe auditor behavior on an audit engagement.

The following independent scenarios describe auditor behavior on an audit engagement. 1. The audit engagement partner, Marc Johnson, recently received a subpoena for workpapers related to an audit eng...

Q: The following are general questions about assessing control risk, testing controls

The following are general questions about assessing control risk, testing controls, and reporting on internal controls. Choose the best response. a. During the planning stage of an audit, the auditor...

Q: The following questions concern auditor professional responsibilities. Choose the best

The following questions concern auditor professional responsibilities. Choose the best response. a. The concept of materiality would be least important to an auditor when considering the (1) adequacy...