ï‚·Week 2

ï‚·Question 1

Which of the following is an accurate statement regarding assurance services?

ï‚·Question 2

In the audit of historical financial statements, management asserts that the financial statements are fairly stated in accordance with what standards?

ï‚·Question 3

The three requirements for becoming a CPA include all but which of the following?

ï‚·Question 4

The trait that distinguishes auditors from accountants is the

ï‚·Question 5

Which of the following audits can be regarded as generally being a compliance audit?

ï‚·Question 6

When auditing accounting data, auditors focus on

ï‚·Question 7

Any service that requires a CPA firm to issue a report about the reliability of an assertion that is made by another party is a(n)

ï‚·Question 8

Audits

ï‚·Question 9

A correct relationship among the auditor, the client, and the external users is

ï‚·Question 10

Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called

ï‚·Question 11

An examination of part of an organization's procedures and methods for the purpose of evaluating efficiency and effectiveness is what type of audit?

ï‚·Question 12

Which of the following services provides the lowest level of assurance on a financial statement?

ï‚·Question 13

The possibility that a business may not be able to repay a bank loan because of an economic downturn is referred to as

ï‚·Question 14

External users of the financial statements

ï‚·Question 15

In the auditing process

ï‚·Question 16

The purpose of establishing quality control policies and procedures to accept or continue a client relationship is to

ï‚·Question 17

Which of the following is a true statement regarding auditing standards?

ï‚·Question 18

The Public Company Accounting Oversight Board

ï‚·Question 19

The Statements on Auditing Standards issued by the Auditing Standards Board

ï‚·Question 20

In order to properly plan and perform an audit, an important fact for both the auditor and the client to understand is that

ï‚·Question 21

An auditor need not abide by a particular auditing standard if the auditor believes that

ï‚·Question 22

The methods used by a CPA firm to ensure that the firm meets is professional responsibilities to clients and others is

ï‚·Question 23

In which type of service does the CPA assemble the financial statements but provide no assurance to third parties?

ï‚·Question 24

Historically, auditing standards have been organized into three categories, including

ï‚·Question 25

The International Standards on Auditing (ISA)

ï‚·Question 26

Standards issued by the Public Company Accounting Oversight Board must be followed by CPAs who audit

ï‚·Question 27

Which of the following is not one of the responsibilities of an auditor under the principles underlying an audit?

ï‚·Question 28

The organization that is responsible for providing oversight for auditors of public companies is called the

ï‚·Question 29

Which of the following statements is true as it relates to limited liability partnerships?

ï‚·Question 30

The AICPA principles underlying an audit are organized around four principles. Which of the following is not one of those principles?

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Status NEW Posted 02 Apr 2020 05:04 PM My Price 6.00

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