哈商大auditing期末范围
a. Which of the following would be a non-assurance engagement?
A.A financial statement audit engagement
B. A financial statement review engagement
C. A direct reporting engagement
D.A consulting engagement
b. Which of the following best describes the difference between internal and external
auditors? A
A.External auditors prepare reports that reduce information risk.
万福生科B.External auditors do not have threats to their independence, while internal
auditors face pressureto compromi their independence becau of the nature of their relationship with the companybeing audited.
C.Only internal auditors may perform operational audits.
九六年的今年多大D.Only external auditors may perform financial audits.
f. Independent auditors of financial statements perform audits that reduce and
control what?
A.Management bias
B.The information risk faced by investors
婴幼儿衣服C.Weak accounting systems
D.Quality reviews performed by other public accounting firms
How does an auditor u professional skepticism in an external audit? B
A.Professional skepticism assumes that management is honest; therefore
management reprentations are sufficient appropriate evidence.
B.Professional skepticism recognizes that circumstances may exist that cau the
financial statements to be materially misstated.
C.Professional skepticism increas the risk of using faulty assumptions in
determining the nature, timing, and extent of the audit procedures.
D.Professional skepticism is ud to prove management’s h onesty and integrity
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concerning the financial statements.
d.Which of the following best describes the threat to independence if an auditor
owns a material amount of shares of an audit client? C
A.An advocacy threat
B. A familiarity threat
C. A lf-interest threat
D.A lf-review threat
e.An auditor’s independence could be considered impaired if the auditor A
A.Depends on a high level of fees from one audit client.
B.Owns common stock before the company became an audit client.
C.Removes the member of the assurance team from the audit.
D.Withdraws from the audit engagement.
g. Which of the following would be an assurance engagement?
1) Advising on the tax effects of a propod transaction
2) Designing an internal control system for an audit client
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3) Preparing the financial records and financial statements for a client
4) Conducting an external audit
Question 1. The following are four independent statements concerning certain auditing, legal, and ethical issues:
故乡英语a.In the cour of providing professional rvices to a client, an auditor becomes
aware that the client has committed a non-criminal breach of one or more governmental regulations. Sam reports the matter to the regulatory authorities.
b. A CA, is a partner in a professional accounting firm. The CGA acted as
acheque signatory for a client for whom the firm provided review rvices.
c. A company is planning a public offering of common shares to rai new
capital. Becau the company is short of cash, and auditor, agrees to perform the audit at
a very reasonable fee of $50,000, with the understanding that he will receive a $25,000bonus payment if the public offering is successfully completed.
d.In an effort to expand the accounting practice, an auditor places an
advertiment bad on an independent survey that was done thanking the people for voting the firm as number 1 in the region.
Required : For each ca, state whether or not the auditor has violated the IFAC Code of Ethics and explain your reasoning.
a. Which of the following best describes the auditor’s responsi bility to detect errors
or fraud in order to achieve the overall objective of an audit? D
A.The responsibility only exists when the error is unintentional.
B.The responsibility is greater when the misstatement aro through fraud
than if it aro through unintentional error.
C.The responsibility is less when the misstatement aro through fraud than
if it aro through unintentional error.
D.The responsibility is the same whether the misstatement aro through
fraud or unintentional error.
b.One of the specific audit procedures a CGA plans to perform is to examine invoices
paid after year-end and ensure that the accounts payable is not understated. What is the primary management asrtion being tested? C
