Chapter13 - final

更新时间:2023-05-22 04:22:28 阅读：评论：0

CHAPTER 13

Multiple-Choice Questions

1. easy	A listing of all the things which the auditor will do to gather sufficient, competent evidence is the:
b	a. audit strategy.
	b. audit program.
	c. audit procedure.
	d. audit risk model.

2. easy	Shown below (1 through 5) are the five types of tests which auditors u to determine whether financial statements are fairly stated. Which three are substantive tests?
b	1. procedures to obtain an understanding of internal control
	2. tests of controls
	3. tests of transactions
	4. analytical procedures
	5. tests of details of balances
	a. 1, 2, and 3.
	b. 3, 4, and 5.
	c. 2, 3, and 5.
	d. 2, 3, and 4.

3. easy	Collectively, procedures performed to obtain an understanding of the entity and its environment, including internal controls, reprent the auditor’s:
c	a. audit strategy.
	b. tests of controls.

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	c. risk asssment procedures.
	d. tests of transactions.

4.	For efficiency, tests of controls are frequently done at the same time as:
easynutz	a. analytical procedures.
c	b. compliance tests.
	c. tests of transactions.
	d. tests of details of balances.

5. easy	Which of the following procedures are frequently performed in respon to the auditor’s asssment of the risk of material misstatement?
d	a. Analytical procedures
	b. Tests of transactions
	c. Tests of details of balances
	d. All of the above

6.	In which stage(s) of an audit can analytical procedures be performed?
easy	a. In the planning stage.
d	b. In conjunction with tests of transactions and tests of details of balances.
	c. In the completion stage.
	d. During all three stages.

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7.	Tests of controls may include which of the following types of evidence?
easy	a. Obrvation
d	b. Reperformance
	c. Obrvation
	d. All of the above

8.	The purpo of tests of controls is to provide reasonable assurance that the:
easy	a. accounting treatment of transactions and balances is valid and proper.
b	b. internal control procedures are functioning as intended.
	c. entity has complied with GAAP disclosure requirements. gaddafi
	d. entity has complied with requirements of quality control.

9.	In the context of an audit of financial statements, substantive tests are audit procedures that:
easy	a. may be eliminated under certain conditions.
c	b. are designed to discover significant subquent events.
	c. may be either tests of transactions, tests of balances, or analytical tests.
	d. will increa proportionately with the auditor’s reliance on internal control.

10.	Which of the following is not uful for obtaining an understanding of internal controls?
medium	a. Make inquiries of the client’s personnel.

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c	b. Examine documents and records.
	c. Read industry trade magazines.
	d. Obrve client activities and operations.

11.	A system walkthrough is ud to:
medium	a. test balances. 阿根廷的英文
c	b. test details of transactions.
	c. gain an understanding of internal controls.
	d. achieve all of the above.

12. (Public)	PCAOB Standard 2 _______ the auditor to perform walkthroughs of significant process.
medium	a. encourages
b	b. requires
	c. does not allow
	d. permits

13.	The most important consideration in developing the audit plan and audit program is the:
medium	a. client’s size.
d	b. client’s industry.
	c. audit firm’s available personnel.

	d. the audit risk model ud in its planning form.

14.	Tests of controls are directed toward the control’s:
medium	a. efficiency.
b	b. effectiveness.
	c. efficiency and effectiveness.
	d. cost benefit ratio.

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15. medium	When the auditor finds that there are missing controls in an area of the accounting system, the audit program in that area would be modified in such a way as to:trueblue
出国留学利弊的英语作文 d	a. increa the amount of tests of controls.
	b. increa the reliance on tests of controls.
	c. cau the issuance of a qualified or adver opinion.
	d. eliminate the need for a test of controls.

16. medium	A procedure designed to test for monetary misstatements directly affecting the correctness of financial statement balances is a:
b	a. test of controls.
	b. substantive test.
	c. test of attributes.
	d. monetary-unit sampling test.

17.	Which of the following is not appropriate for purpos of testing the effectiveness of controls?
medium	a. Make inquiries of client personnel.
b	b. Evaluate prior experience with the client.
	c. Obrve control-related activities.
	d. Reperform client procedures.

18.	Which of the following is not a direct result of performing analytical procedures?
medium	a. Identify areas of potential misstatements.

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