Exam 5: Evidence and Documentation

The auditor notices significant fluctuations in key elements of the company's financial statements. If management is unable to provide an acceptable explanation, the auditor should:

(Multiple Choice)

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Question 81

Stan is auditing First Financial Services and would like to use financial ratios to test the ability of First Financial Services to meet its current obligations. Identify two ratios that would help Stan in this task. Indicate how each ratio is calculated and what a high ratio would signify to Stan.

(Essay)

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Question 82

An example of audit evidence with a medium level of reliability is:

(Multiple Choice)

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Question 83

The current audit file usually includes:

(Multiple Choice)

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Question 84

In designing written audit programs, an auditor should plan specific audit procedures to test:

(Multiple Choice)

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Question 85

Which of the following statements concerning audit evidence is correct?

(Multiple Choice)

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Question 86

Which assertions may be tested for the "transactions and events" category of management assertions?

(Multiple Choice)

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Question 87

Showing 81 - 87 of 87

The auditor notices significant fluctuations in key elements of the company's financial statements. If management is unable to provide an acceptable explanation, the auditor should:

Stan is auditing First Financial Services and would like to use financial ratios to test the ability of First Financial Services to meet its current obligations. Identify two ratios that would help Stan in this task. Indicate how each ratio is calculated and what a high ratio would signify to Stan.

An example of audit evidence with a medium level of reliability is:

The current audit file usually includes:

In designing written audit programs, an auditor should plan specific audit procedures to test:

Which of the following statements concerning audit evidence is correct?

Which assertions may be tested for the "transactions and events" category of management assertions?

An Introduction to Assurance and Financial Statement Auditing

The Financial Statement Auditing Environment

Audit Planning, Types of Audit Tests, and Materiality

Risk Assessment

Internal Control in a Financial Statement Audit

Auditing Internal Control Over Financial Reporting

Audit Sampling: An Overview and Application to Tests of Controls

Audit Sampling: An Application to Substantive Tests of Account Balances

Auditing the Revenue Process

Auditing the Purchasing Process

Auditing the Human Resource Management Process

Auditing the Inventory Management Process

Auditing the Financinginvesting Process: Prepaid Expenses, Intangible Assets, and Property, Plant, and Equipment

Auditing the Financinginvesting Process: Long-Term Liabilities, Stockholders' Equity, and Income Statement Accounts

Auditing the Financinginvesting Process: Cash and Investments

Completing the Audit Engagement

Reports on Audited Financial Statements

Professional Conduct, Independence, and Quality Control

Legal Liability

Assurance, Attestation, and Internal Auditing Services

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