Exam 1: Introduction and Review of Audit and Assurance

Jimmy Bunting, the senior auditor at Yanzhou Coal Mining and Minerals, performed the following tasks: he used analytical procedurand he had discussions with management. These activitiwere a basis for a negative form of opinion. What did Jimmy Bunting perform?

Theodore Heinrich prepared a set of financial statements based on information provided to him. He checked mathematical accuracy of the data, and the client complimented him on the reasonable cost of the work he performed. Theodore performed

A reasonable level of assurance is the highest level of assurance that an auditor can provide.

In a review engagement, which of the following is least likely to occur during the engagement?

Vera Sobczyk spent a week at a client's wholesale operation determining whether the client's remittancto the tax authoritiwere in accordance with tax regulations. This is an example of a(n)

In addition to the preparation of financial statements, it is also the responsibility of those charged with governance to:

Maggie Oh performed an audit of a client that had undergone flooding to its operations in St-Jean Sur Richelieu. The client was insured and was able to keep operating. However, there was material damage to the client's warehouse and Maggie felt it would be appropriate to inform the users of the financial statements of this fact in the audit report. This form of audit report is called: