Questions from Auditing and Assurance

Q: The following questions concern reports issued by auditors, other than those

The following questions concern reports issued by auditors, other than those on historical financial statements. Choose the best response. a. An auditor is reporting on cash basis financial statements...

Q: The following questions concern communications between management, those charged with governance

The following questions concern communications between management, those charged with governance, and the auditor. Choose the best response. a. Which of the following is not a required item to be comm...

Q: The following questions concern information accompanying basic financial statements. Choose the

The following questions concern information accompanying basic financial statements. Choose the best response. a. The Form 10-K filed by management of a public company includes a section on management...

Q: The following items apply to determining sample sizes using random sampling from

The following items apply to determining sample sizes using random sampling from large populations for attributes sampling. Select the most appropriate response for each question. a. If all other fact...

Q: The following items concern determining exception rates using random sampling from large

The following items concern determining exception rates using random sampling from large populations using attributes sampling. Select the best response. a. The upper precision limit (CUER) in statist...

Q: The following questions concern audit objectives and management assertions for accounts receivable

The following questions concern audit objectives and management assertions for accounts receivable. Choose the best response. a. Which of the following will likely provide the most assurance concernin...

Q: The following questions concern the audit of asset accounts in the acquisition

The following questions concern the audit of asset accounts in the acquisition and payment cycle. Choose the best response. a. In testing for unrecorded disposals of equipment, an auditor most likely...

Q: The following questions concern the audit of income and expense accounts.

The following questions concern the audit of income and expense accounts. Choose the best response. a. The auditor may note that annual depreciation expense is too low for a class of assets by noting...

Q: The following questions concern audit testing of the payroll and personnel cycle

The following questions concern audit testing of the payroll and personnel cycle. Choose the best response. a. A common audit procedure in the audit of payroll transactions involves tracing selected i...

Q: Identify when an auditor would not use sampling to test the effectiveness

Identify when an auditor would not use sampling to test the effectiveness of a control or perform a substantive tests of transactions. Explain circumstances when an auditor could test the entire popul...