Exam 1: CPA Auditing and Attestation Exam

An accountant had begun to audit the financial statements of a nonissuer. Which of the following circumstances most likely would be considered a reasonable basis for agreeing to the entity's request to change the engagement to a compilation?

(Multiple Choice)

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Question 941

If a budgetary reporting system provides adequate reports, but the reports are not analyzed and acted upon:

(Multiple Choice)

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Question 942

An auditor's engagement letter most likely would include:

(Multiple Choice)

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Question 943

The following data pertain to Cowl, Inc., for the year ended December 31, 20X4: What was Cowl's rate of return on assets for 20X4?

(Multiple Choice)

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Question 944

Which statement is true regarding the three fraud risk factors (incentives/pressures, opportunity, and rationalization/attitude)?

(Multiple Choice)

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Question 945

Which of the following statements is correct concerning an auditor's use of the work of a specialist?

(Multiple Choice)

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Question 946

Financial statements of a nonissuer that have been reviewed by an accountant should be accompanied by a report stating that:

(Multiple Choice)

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Question 947

Audit documentation should be prepared in enough detail so that:

(Multiple Choice)

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Question 948

After considering an entity's negative trends and financial difficulties, an auditor has substantial doubt about the entity's ability to continue as a going concern. The auditor's considerations relating to management's plans for dealing with the adverse effects of these conditions most likely would include management's plans to:

(Multiple Choice)

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Question 949

The date of the management representation letter should coincide with the date of the:

(Multiple Choice)

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Question 950

Which of the following best describes the auditor's reporting responsibility concerning information accompanying the basic financial statements in an auditor-submitted document?

(Multiple Choice)

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Question 951

As the acceptable level of detection risk increases, an auditor may change the:

(Multiple Choice)

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Question 952

Which of the following procedures is more likely to be performed in a review engagement of a nonissuer than in a compilation engagement?

(Multiple Choice)

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Question 953

In obtaining an understanding of an entity's internal control in a financial statement audit, an auditor is not obligated to:

(Multiple Choice)

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Question 954

A successor auditor is required to attempt communication with the predecessor auditor prior to:

(Multiple Choice)

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Question 955

An auditor would most likely verify the interest earned on bond investments by:

(Multiple Choice)

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Question 956

Which of the following is true regarding the standard audit report for an issuer?

(Multiple Choice)

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Question 957

Which of the following statements about internal control is correct?

(Multiple Choice)

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Question 958

Which of the following matters is an auditor not required to communicate to those charged with governance?

(Multiple Choice)

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Question 959

Which of the following factors most likely would cause a CPA to decline to accept a new audit engagement?

(Multiple Choice)

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Question 960

Showing 941 - 960 of 1050

Exam 1: CPA Auditing and Attestation Exam

An accountant had begun to audit the financial statements of a nonissuer. Which of the following circumstances most likely would be considered a reasonable basis for agreeing to the entity's request to change the engagement to a compilation?

If a budgetary reporting system provides adequate reports, but the reports are not analyzed and acted upon:

An auditor's engagement letter most likely would include:

The following data pertain to Cowl, Inc., for the year ended December 31, 20X4: What was Cowl's rate of return on assets for 20X4?

Which statement is true regarding the three fraud risk factors (incentives/pressures, opportunity, and rationalization/attitude)?

Which of the following statements is correct concerning an auditor's use of the work of a specialist?

Financial statements of a nonissuer that have been reviewed by an accountant should be accompanied by a report stating that:

Audit documentation should be prepared in enough detail so that:

The date of the management representation letter should coincide with the date of the:

Which of the following best describes the auditor's reporting responsibility concerning information accompanying the basic financial statements in an auditor-submitted document?

As the acceptable level of detection risk increases, an auditor may change the:

Which of the following procedures is more likely to be performed in a review engagement of a nonissuer than in a compilation engagement?

In obtaining an understanding of an entity's internal control in a financial statement audit, an auditor is not obligated to:

A successor auditor is required to attempt communication with the predecessor auditor prior to:

An auditor would most likely verify the interest earned on bond investments by:

Which of the following is true regarding the standard audit report for an issuer?

Which of the following statements about internal control is correct?

Which of the following matters is an auditor not required to communicate to those charged with governance?

Which of the following factors most likely would cause a CPA to decline to accept a new audit engagement?

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