Exam 13: Overall Audit Strategy and Audit Program
Exam 1: The Demand for Audit and Other Assurance Services60 Questions
Exam 2: The Cpa Profession79 Questions
Exam 3: Audit Reports157 Questions
Exam 4: Professional Ethics126 Questions
Exam 5: Legal Liability118 Questions
Exam 6: Audit Responsibilities and Objectives153 Questions
Exam 7: Audit Evidence135 Questions
Exam 8: Audit Planning and Analytical Procedures147 Questions
Exam 9: Materiality and Risk83 Questions
Exam 10: Fraud Auditing110 Questions
Exam 11: Internal Control and Coso Framework126 Questions
Exam 12: Assessing Control Risk and Reporting on Internal Controls81 Questions
Exam 13: Overall Audit Strategy and Audit Program100 Questions
Exam 14: Audit of the Sales and Collection Cycle: Tests of Controls123 Questions
Exam 15: Audit Sampling for Tests of Controls and Substantive Tests of Transactions126 Questions
Exam 16: Completing the Tests in the Sales and Collection Cycle: Accounts Receivable112 Questions
Exam 17: Audit Sampling for Tests of Details of Balances118 Questions
Exam 18: Audit of the Acquisition and Payment Cycle: Tests of Controls,124 Questions
Exam 19: Completing the Tests in the Acquisition and Payment Cycle:104 Questions
Exam 20: Audit of the Payroll and Personnel Cycle113 Questions
Exam 21: Audit of the Inventory and Warehousing Cycle122 Questions
Exam 22: Audit of the Capital Acquisition and Repayment Cycle92 Questions
Exam 23: Audit of Cash and Financial Instruments129 Questions
Exam 24: Completing the Audit130 Questions
Exam 25: Other Assurance Services112 Questions
Exam 26: Internal and Governmental Financial Auditing and Operational Auditing75 Questions
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There is a direct relationship between the ________ transaction-related audit objective and the ________ balance-related audit objective.
(Multiple Choice)
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When designing tests of controls and substantive tests an auditor is gathering evidence to satisfy the transaction-related audit objectives.What are the four steps the auditor would normally follow to reduce assessed control risk?
(Essay)
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For automated controls,the auditor's procedures to determine whether the automated control has been implemented cannot also serve as the test of that control.
(True/False)
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One factor that determines the amount of additional evidence required for tests of controls is the planned reduction in control risk.
(True/False)
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Presentation and disclosure objectives are primarily addressed in the tests of details of balances phase of the audit.
(True/False)
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If no material differences are found using analytical procedures,and the auditor concludes that misstatements are not likely to have occurred,
(Multiple Choice)
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The document that details the specific audit procedures for each type of test is the
(Multiple Choice)
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At what point in the audit process are tests of details most appropriately designed?
(Multiple Choice)
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Once set during the planning phase,the audit program cannot be revised.
(True/False)
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If tests of controls support the control risk assessment,then ________ in the audit risk model is increased.
(Multiple Choice)
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Describe the five types of audit tests.Identify which of the five types are substantive tests,and which are used to reduce assessed control risk.
(Essay)
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The purpose of tests of controls is to provide reasonable assurance that the
(Multiple Choice)
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The auditor obtained an aged list of receivables and traced the accounts to the master file,footed the schedule,and traced the amounts to the general ledger.Which balance-related audit objective was met?
(Multiple Choice)
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Because of the high cost of tests of details of balances,auditors do not perform this type of testing unless fraud is suspected.
(True/False)
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A procedure designed to test for monetary misstatements directly affecting the correctness of financial statement balances is a
(Multiple Choice)
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In phase IV of the audit,complete the audit and issue an audit report,there are five activities required.List below the activities.
(Essay)
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In order to promote audit efficiency the auditor considers cost in selecting audit tests to perform.Which of the following audit tests would be the most costly?
(Multiple Choice)
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The results of tests of controls and substantive tests of transactions affect the design of tests of details of balances.
(True/False)
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One of the most challenging parts of auditing is properly applying the factors that affect tests of details of balances.
(True/False)
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