Exam 1: CPA Auditing and Attestation Exam

When obtaining an understanding of an entity's internal controls, an auditor should concentrate on the substance of the controls rather than their form because:

(Multiple Choice)

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Question 401

Using microcomputers in auditing may affect the methods used to review the work of staff assistants because:

(Multiple Choice)

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Question 402

An accountant should perform analytical procedures during an engagement to:

(Multiple Choice)

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Question 403

In testing controls over cash disbursements, an auditor most likely would determine that the person who signs checks also:

(Multiple Choice)

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Question 404

If an auditor's risk assessment is based on the effective operation of controls, the auditor will likely:

(Multiple Choice)

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Question 405

When reporting on financial statements prepared on the same basis of accounting used for income tax purposes, the auditor should include in the report a paragraph that:

(Multiple Choice)

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Question 406

Before issuing a report on the compilation of financial statements of a nonissuer, the accountant should:

(Multiple Choice)

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Question 407

An auditor most likely would issue a disclaimer of opinion because of:

(Multiple Choice)

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Question 408

An auditor should trace corporate stock issuances and treasury stock transactions to the:

(Multiple Choice)

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Question 409

When auditing an entity's financial statements in accordance with Government Auditing Standards (the Yellow Book), an auditor is required to report on:

(Multiple Choice)

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Question 410

When an accountant issues to an underwriter a comfort letter containing comments on data that have not been audited, the underwriter most likely will receive:

(Multiple Choice)

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Question 411

Which of the following expressions most likely would be included in a management representation letter?

(Multiple Choice)

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Question 412

When an auditor does not receive replies to positive requests for year-end accounts receivable confirmations, the auditor most likely would:

(Multiple Choice)

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Question 413

An auditor's responsibility to express an opinion on the financial statements is:

(Multiple Choice)

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Question 414

An auditor most likely would limit substantive audit tests of sales transactions when control risk is assessed as low for the occurrence assertion concerning sales transactions and the auditor has already gathered evidence supporting:

(Multiple Choice)

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Question 415

The nature and extent of a CPA firm's quality control policies and procedures depend on:

(Multiple Choice)

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Question 416

Two assertions for which confirmation of accounts receivable balances provides primary evidence are:

(Multiple Choice)

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Question 417

In performing a financial statement audit in accordance with Government Auditing Standards, an auditor is required to report on the entity's compliance with laws and regulations. This report should:

(Multiple Choice)

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Question 418

An auditor reads the letter of transmittal accompanying a county's comprehensive annual financial report and identifies a material inconsistency with the financial statements. The auditor determines that the financial statements do not require revision. Which of the following actions should the auditor take?

(Multiple Choice)

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Question 419

The existence of audit risk is recognized by the statement in the auditor's standard report that the auditor:

(Multiple Choice)

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Question 420

Showing 401 - 420 of 1050

Exam 1: CPA Auditing and Attestation Exam

When obtaining an understanding of an entity's internal controls, an auditor should concentrate on the substance of the controls rather than their form because:

Using microcomputers in auditing may affect the methods used to review the work of staff assistants because:

An accountant should perform analytical procedures during an engagement to:

In testing controls over cash disbursements, an auditor most likely would determine that the person who signs checks also:

If an auditor's risk assessment is based on the effective operation of controls, the auditor will likely:

When reporting on financial statements prepared on the same basis of accounting used for income tax purposes, the auditor should include in the report a paragraph that:

Before issuing a report on the compilation of financial statements of a nonissuer, the accountant should:

An auditor most likely would issue a disclaimer of opinion because of:

An auditor should trace corporate stock issuances and treasury stock transactions to the:

When auditing an entity's financial statements in accordance with Government Auditing Standards (the Yellow Book), an auditor is required to report on:

When an accountant issues to an underwriter a comfort letter containing comments on data that have not been audited, the underwriter most likely will receive:

Which of the following expressions most likely would be included in a management representation letter?

When an auditor does not receive replies to positive requests for year-end accounts receivable confirmations, the auditor most likely would:

An auditor's responsibility to express an opinion on the financial statements is:

An auditor most likely would limit substantive audit tests of sales transactions when control risk is assessed as low for the occurrence assertion concerning sales transactions and the auditor has already gathered evidence supporting:

The nature and extent of a CPA firm's quality control policies and procedures depend on:

Two assertions for which confirmation of accounts receivable balances provides primary evidence are:

In performing a financial statement audit in accordance with Government Auditing Standards, an auditor is required to report on the entity's compliance with laws and regulations. This report should:

The existence of audit risk is recognized by the statement in the auditor's standard report that the auditor:

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