Question 1

The purposes of partner rotation are to:

Accepted Answer

A)  assist partners to adhere to the principles underlying auditing and ethical standards 
B)  allow partners to exhibit professional scepticism in their work 
C)  ensure sufficient training is given to partners in audit, accounting and industry specialist issues 
D)  periodically provide a fresh approach to the audit 
A)  assist partners to adhere to the principles underlying auditing and ethical standards 
B)  allow partners to exhibit professional scepticism in their work 
C)  ensure sufficient training is given to partners in audit, accounting and industry specialist issues 
D)  periodically provide a fresh approach to the audit

Question 2

When the client is issuing shares subsequent to fieldwork, the auditor is required to perform a subsequent events review up to the effective date of the prospectus.

Accepted Answer

A) True 
 B)False

Question 3

The CLERP 9 Act 2004 amended the Corporations Act (s. 295A) to require the CEO and the CFO to certify that the financial report is fairly presented in accordance with accounting standards.

Accepted Answer

A) True 
 B)False

The purposes of partner rotation are to:

When the client is issuing shares subsequent to fieldwork, the auditor is required to perform a subsequent events review up to the effective date of the prospectus.

The CLERP 9 Act 2004 amended the Corporations Act (s. 295A) to require the CEO and the CFO to certify that the financial report is fairly presented in accordance with accounting standards.

Assurance and Auditing: Integral to the Economy

Corporate Governance and Audits

Judgemental and Ethical Decision-Making Frameworks and Associated Professional Standards

Professional Liabilit

Audit Risk, Business Risk, and Audit Planning

Internal Control Over Financial Reporting

Audit Evidence: A Framework

Tests of Control and Substantive Test Implications

Tools to Gather Audit Evidence

Auditing for Fraud

Auditing Revenue, Related Accounts, Audit of Acquisition and Payment Cycle and Inventory

Audit of Cash and Other Liquid Assets

Audit of Long-Lived Assets and Related Expense Accounts

Audit of Long-Term Liabilities, Equity, Acquisitions and Related-Entity Transactions

Audit, Review and Other Reports

Advanced Topics Concerning Complex Auditing Judgements

Filters

Exam 15: Completing the Audit or Review

The purposes of partner rotation are to:

When the client is issuing shares subsequent to fieldwork, the auditor is required to perform a subsequent events review up to the effective date of the prospectus.

The CLERP 9 Act 2004 amended the Corporations Act (s. 295A) to require the CEO and the CFO to certify that the financial report is fairly presented in accordance with accounting standards.

Assurance and Auditing: Integral to the Economy

Corporate Governance and Audits

Judgemental and Ethical Decision-Making Frameworks and Associated Professional Standards

Professional Liabilit

Audit Risk, Business Risk, and Audit Planning

Internal Control Over Financial Reporting

Audit Evidence: A Framework

Tests of Control and Substantive Test Implications

Tools to Gather Audit Evidence

Auditing for Fraud

Auditing Revenue, Related Accounts, Audit of Acquisition and Payment Cycle and Inventory

Audit of Cash and Other Liquid Assets

Audit of Long-Lived Assets and Related Expense Accounts

Audit of Long-Term Liabilities, Equity, Acquisitions and Related-Entity Transactions

Audit, Review and Other Reports

Advanced Topics Concerning Complex Auditing Judgements

Filters