Solved

Match Seven of the Terms (A-K)with the Definitions Provided Below

Question 70

Matching

Match seven of the terms (a-k)with the definitions provided below (1-7):

Premises:
an intentional misstatement of the financial statements
use of comparisons and relationships to assess whether account balances or other data appears reasonable
a set of six audit objectives the auditor must meet,including timing,posting and summarization,and accuracy
implied or expressed representations made by the client about classes of transactions,account balances and disclosures in the financial statements
audit procedures designed to test the effectiveness of control policies and procedures
audit procedures testing for monetary misstatements to determine whether the balance-related audit objectives have been satisfied for each significant account balance
a set of nine audit objectives the auditor must meet,including completeness,detail tie-in,and rights and obligations
Responses:
substantive tests of transactions
tests of details of balances
error
tests of controls
management fraud
balance-related audit objectives
transaction-related audit objectives
management assertions
fraud
analytical procedures
illegal act

Correct Answer:

substantive tests of transactions
tests of details of balances
error
tests of controls
management fraud
balance-related audit objectives
transaction-related audit objectives
management assertions
fraud
analytical procedures
illegal act
Related Questions

Q19: Which of the following assertions is described

Q21: During the professional judgment process, the analysis

Q51: General transaction-related audit objectives vary from audit

Q58: Under the cycle approach, the only accounts

Q61: The cutoff objective, "transactions near the balance

Q95: Why does the auditor divide the financial

Q121: The most important general ledger account included

Q136: Management makes the following assertions about account

Q138: The presentation and disclosure-related audit objectives are

Q153: The objective of the audit of financial