Question 1

The three PCAOB general standards are concerned with

Accepted Answer

A)  Adequate training and proficiency of the auditor, proper planning and supervision, and due professional care. 
B)  Adequate training and independence. 
C)  Due professional care. 
D)  Both b and c. 
A)  Adequate training and proficiency of the auditor, proper planning and supervision, and due professional care. 
B)  Adequate training and independence. 
C)  Due professional care. 
D)  Both b and c.

Question 2

Due professional care requires

Accepted Answer

A)  Auditors to plan and perform their duties with the skill and care that is commonly expected of accounting professionals. 
B)  The examination of all available corroborating evidence. 
C)  The exercise of error-free judgment. 
D)  A study and review of internal controls that includes tests of controls. 
A)  Auditors to plan and perform their duties with the skill and care that is commonly expected of accounting professionals. 
B)  The examination of all available corroborating evidence. 
C)  The exercise of error-free judgment. 
D)  A study and review of internal controls that includes tests of controls.

Question 3

The objective of the second PCAOB Standard of Reporting is to provide assurance that

Accepted Answer

A)  There are no variations in the format and presentation of financial statements. 
B)  Substantially different transactions and events are not accounted for on an identical basis. 
C)  The auditor is consulted before material changes are made in the application of accounting principles. 
D)  The comparability of financial statements between periods is not materially affected by changes in accounting principles that are not disclosed. 
A)  There are no variations in the format and presentation of financial statements. 
B)  Substantially different transactions and events are not accounted for on an identical basis. 
C)  The auditor is consulted before material changes are made in the application of accounting principles. 
D)  The comparability of financial statements between periods is not materially affected by changes in accounting principles that are not disclosed.

The three PCAOB general standards are concerned with

Due professional care requires

The objective of the second PCAOB Standard of Reporting is to provide assurance that

An Introduction to Assurance and Financial Statement Auditing

Audit Planning,Types of Audit Tests,and Materiality

Risk Assessment

Evidence and Documentation

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

Assurance,Attestation,and Internal Auditing Services

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

Filters

Exam 2: The Financial Statement Auditing Environment

The three PCAOB general standards are concerned with

Due professional care requires

The objective of the second PCAOB Standard of Reporting is to provide assurance that

An Introduction to Assurance and Financial Statement Auditing

Audit Planning,Types of Audit Tests,and Materiality

Risk Assessment

Evidence and Documentation

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

Assurance,Attestation,and Internal Auditing Services

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

Filters