Exam 11: Completion and Review

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A major customer of an audit client suffers a fire just after year-end and the audit client believes that this event could have a significant direct effect on the financial report.The auditor should:

(Multiple Choice)

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Question 21

An auditor is concerned with completing various phases of the examination after the balance date.This 'subsequent period' for audit testing extends to the date of the:

(Multiple Choice)

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Question 22

When an audit is made in accordance with the auditing standards, the independent auditor must:

(Multiple Choice)

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Question 23

If a solicitor refuses to furnish corroborating information regarding litigation, claims and assessments, the auditor should:

(Multiple Choice)

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Question 24

After an auditor has issued an auditor's report on the financial report, there is no obligation to make any further audit tests or enquiries with respect to the audited financial report covered by that report unless:

(Multiple Choice)

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Question 25

Auditors often request that the audit client send a letter of inquiry to those solicitors who have been consulted with respect to litigation, claims or assessments.The primary reason for this request is to provide the auditor with:

(Multiple Choice)

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Question 26

Which of the following procedures would an auditor most likely perform to obtain evidence about the occurrence of subsequent events?

(Multiple Choice)

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Question 27

An auditor should obtain evidential matter relevant to all the following factors concerning third-party litigation against a client except the:

(Multiple Choice)

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Question 28

Which of the following statements is not correct?

(Multiple Choice)

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Question 29

An auditor will ordinarily examine invoices from solicitors primarily in order to:

(Multiple Choice)

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Question 30

Showing 21 - 30 of 30

A major customer of an audit client suffers a fire just after year-end and the audit client believes that this event could have a significant direct effect on the financial report.The auditor should:

An auditor is concerned with completing various phases of the examination after the balance date.This 'subsequent period' for audit testing extends to the date of the:

When an audit is made in accordance with the auditing standards, the independent auditor must:

If a solicitor refuses to furnish corroborating information regarding litigation, claims and assessments, the auditor should:

After an auditor has issued an auditor's report on the financial report, there is no obligation to make any further audit tests or enquiries with respect to the audited financial report covered by that report unless:

Auditors often request that the audit client send a letter of inquiry to those solicitors who have been consulted with respect to litigation, claims or assessments.The primary reason for this request is to provide the auditor with:

Which of the following procedures would an auditor most likely perform to obtain evidence about the occurrence of subsequent events?

An auditor should obtain evidential matter relevant to all the following factors concerning third-party litigation against a client except the:

Which of the following statements is not correct?

An auditor will ordinarily examine invoices from solicitors primarily in order to:

Assurance and Auditing: An Overview

Audit Regulation, Structure of the Profession and Auditors Liability

Ethics, Independence and Corporate Governance

Overview of Elements of the Financial Report Audit Process

Planning, Understanding the Entity and Assessing Business Risk

Assessing Inherent Risk, and Other Specific Business Risks

Understanding and Assessing Internal Control

Tests of Controls

Substantive Tests of Transactions and Balances

The Auditors Reporting Obligations

Other Assurance Services and Advanced Topics

Internal Auditing

Audit and Assurance Services in the Public Sector

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