Vendor.AUD.613q.v2019-05-29.q613

Exam Code:AUD.613q
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Certification Provider:Vendor
Free Question Number:613
Version:v2019-05-29
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Exam Question List
Question 1: Moore, CPA, has been asked to issue a review report on the b...
Question 2: When an auditor has substantial doubt about an entity's abil...
Question 3: When unaudited financial statements of a nonissuer are prese...
Question 4: This question will represent a statement, question, excerpt,...
Question 5: Which of the following is not true about accounting estimate...
Question 6: Reference in a principal auditor's report to the fact that p...
Question 7: An audit partner is developing an office training program to...
Question 8: In which of the following situations would an auditor ordina...
Question 9: Which of the following factors most likely would heighten an...
Question 10: On February 9, Brown, CPA, expressed an unqualified opinion ...
Question 11: Which of the following control activities is not usually per...
Question 12: When a client engages in transactions involving derivatives,...
Question 13: Which of the following is true about management representati...
Question 14: Which of the following internal controls most likely would a...
Question 15: An auditor would consider a cashier's job description to con...
Question 16: When planning a sample for a substantive test of details, an...
Question 17: In auditing accounts receivable, the negative form of confir...
Question 18: This question will represent a statement, question, excerpt,...
Question 19: The audit work performed by each assistant should be reviewe...
Question 20: In assessing the competence of a client's internal auditor, ...
Question 21: An auditor most likely would inspect loan agreements under w...
Question 22: Which of the following statements is correct concerning an a...
Question 23: If specific information comes to an auditor's attention that...
Question 24: Which of the following standards requires a critical review ...
Question 25: The adverse effects of events causing an auditor to believe ...
Question 26: An auditor examining inventory most likely would use variabl...
Question 27: To establish the existence and ownership of a long-term inve...
Question 28: In identifying matters for communication with those charged ...
Question 29: How does an accountant make the following representations wh...
Question 30: Sound internal control dictates that, immediately upon recei...
Question 31: Which of the following tests of controls most likely would h...
Question 32: A principal advantage of statistical methods of attribute sa...
Question 33: Audit documentation serves mainly to:...
Question 34: This question presents independent factual situations an aud...
Question 35: An auditor's communication of internal control related matte...
Question 36: Which of the following is an analytical procedure that an au...
Question 37: Rachel, CPA, is conducting an audit of Eaton Enterprises, a ...
Question 38: When an independent accountant's report based on a review of...
Question 39: An audit partner is developing an office training program to...
Question 40: Which of the following factors would a CPA ordinarily consid...
Question 41: Before applying substantive tests to the details of asset ac...
Question 42: After obtaining an understanding of the entity and its envir...
Question 43: Which of the following statements is not true regarding the ...
Question 44: In performing tests concerning the granting of stock options...
Question 45: Which of the following is a documentation requirement that a...
Question 46: Which of the following statements is not true of the test da...
Question 47: An auditor concludes that there is a material inconsistency ...
Question 48: This question presents independent factual situations an aud...
Question 49: Which of the following factors most likely would lead a CPA ...
Question 50: Several sources of GAAP consulted by an auditor are in confl...
Question 51: Two assertions for which confirmation of accounts receivable...
Question 52: An auditor analyzes repairs and maintenance accounts primari...
Question 53: Which of the following representations does an accountant ma...
Question 54: In establishing the existence and ownership of a long-term i...
Question 55: Which of the following questions would an auditor least like...
Question 56: Restrictions imposed by a client prohibit the observation of...
Question 57: An auditor is selecting vouchers for testing an entity's int...
Question 58: Which of the following statements would least likely appear ...
Question 59: When disclaiming an opinion due to a client-imposed scope li...
Question 60: An auditor's engagement letter most likely would include a s...
Question 61: When there are numerous property and equipment transactions ...
Question 62: Which of the following statements is correct concerning an a...
Question 63: An accountant who had begun an audit of the financial statem...
Question 64: An auditor may achieve audit objectives related to particula...
Question 65: After fieldwork audit procedures are completed, a partner of...
Question 66: Which of the following audit procedures is best for identify...
Question 67: Which of the following fraudulent activities most likely cou...
Question 68: Park, CPA, was engaged to audit the financial statements of ...
Question 69: When an auditor submits a document containing audited financ...
Question 70: To be effective, analytical procedures in the overall review...
Question 71: Grant Company's financial statements adequately disclose unc...
Question 72: If a publicly held company issues financial statements that ...
Question 73: When an independent CPA is associated with the financial sta...
Question 74: An auditor confirmed accounts receivable as of an interim da...
Question 75: A CPA wishes to determine how various publicly-held companie...
Question 76: An auditor discovered that a client's accounts receivable tu...
Question 77: In auditing a client's retained earnings account, an auditor...
Question 78: Jackson & Company, CPAs, plan to audit the financial sta...
Question 79: Which of the following statements is a basic element of the ...
Question 80: To determine whether internal control relative to the revenu...
Question 81: Which of the following audit techniques ordinarily would pro...
Question 82: A successor auditor ordinarily should request to review the ...
Question 83: Which of the following describes how the objective of a revi...
Question 84: Digit Co. uses the FIFO method of costing for its internatio...
Question 85: For which of the following judgments may an independent audi...
Question 86: While auditing the financial statements of a nonissuer, a CP...
Question 87: Which of the following audit techniques most likely would pr...
Question 88: The most likely explanation why the auditor's examination ca...
Question 89: In performing a financial statement audit in accordance with...
Question 90: A successor auditor is required to attempt communication wit...
Question 91: Which of the following evidence provides the greatest assura...
Question 92: When management does not provide reasonable justification th...
Question 93: A CPA is required to comply with the provisions of Statement...
Question 94: It is not appropriate to refer a reader of an auditor's repo...
Question 95: When auditing an entity's financial statements in accordance...
Question 96: Tracing bills of lading to sales invoices provides evidence ...
Question 97: When an independent CPA assists in preparing the financial s...
Question 98: For a nonissuer, a control deficiency would be considered a ...
Question 99: As the acceptable level of detection risk increases, an audi...
Question 100: Which of the following statements reflects an auditor's resp...
Question 101: When an auditor qualifies an opinion because of the inabilit...
Question 102: Which of the following pairs of accounts would be analyzed t...
Question 103: In using the work of a specialist, an auditor referred to th...
Question 104: When an auditor believes there is substantial doubt about th...
Question 105: Which of the following procedures most likely would assist a...
Question 106: In performing an attest engagement, a CPA typically:...
Question 107: Which of the following strategies would a CPA most likely co...
Question 108: Which of the following procedures is usually the first step ...
Question 109: Which of the following statements is not correct about mater...
Question 110: When reporting on financial statements prepared on the same ...
Question 111: An auditor ordinarily sends a standard confirmation request ...
Question 112: When using confirmations to provide evidence about the compl...
Question 113: Which of the following best describes a CPA's engagement to ...
Question 114: Which of the following combinations of procedures would an a...
Question 115: In assessing the objectivity of internal auditors, the indep...
Question 116: Before reissuing the prior year's auditor's report on the fi...
Question 117: Which of the following events occurring after the issuance o...
Question 118: With respect to the audit of a nonissuer, significant defici...
Question 119: Quick Service Center processes the payroll for a variety of ...
Question 120: A written client representation letter most likely would be ...
Question 121: For an entity that does not receive governmental financial a...
Question 122: A former client requests a predecessor auditor to reissue an...
Question 123: Which of the following reporting options is least likely wit...
Question 124: Auditors try to identify predictable relationships when usin...
Question 125: In determining the sample size for a test of controls, an au...
Question 126: An auditor reviews the reconciliation of payroll tax forms t...
Question 127: This question consists of an item pertaining to possible def...
Question 128: In determining the effectiveness of an entity's internal con...
Question 129: After making inquiries about credit granting policies, an au...
Question 130: An audit partner is developing an office training program to...
Question 131: An auditor is determining the sample size for an inventory o...
Question 132: An accountant had begun to audit the financial statements of...
Question 133: Which of the following should be included as a written repre...
Question 134: When an accountant examines projected financial statements, ...
Question 135: Before reporting on the financial statements of a U.S. entit...
Question 136: To reduce the risks associated with accepting e-mail respons...
Question 137: When conducting field work for a physical inventory, an audi...
Question 138: Jones, CPA, is auditing the financial statements of XYZ Reta...
Question 139: Each page of a nonissuer's financial statements reviewed by ...
Question 140: When a client company does not maintain its own stock record...
Question 141: An auditor may not issue a qualified opinion when:...
Question 142: Analytical procedures used in planning an audit should focus...
Question 143: Which of the following statements is correct concerning sign...
Question 144: Management of Edington Industries plans to disclose an uncer...
Question 145: An audit performed in accordance with OMB Circular A-133 wil...
Question 146: The information below was taken from the bank transfer sched...
Question 147: Which of the following events occurring after the issuance o...
Question 148: Which of the following procedures would provide the most rel...
Question 149: What type of analytical procedure would an auditor most like...
Question 150: This question presents independent factual situations an aud...
Question 151: An auditor may decide not to test controls related to certai...
Question 152: The refusal of a client's attorney to provide information re...
Question 153: During consideration of internal control in a financial stat...
Question 154: Which of the following factors most likely would cause an au...
Question 155: When engaged to express an opinion on a nonissuer's internal...
Question 156: Which of the following best describes the responsibility of ...
Question 157: Which of the following statements extracted from a client's ...
Question 158: Which of the following is true about an auditor's responsibi...
Question 159: An auditor's primary consideration in evaluating controls is...
Question 160: Management's attitude toward aggressive financial reporting ...
Question 161: An auditor observes the mailing of monthly statements to a c...
Question 162: This question presents independent factual situations an aud...
Question 163: Audit evidence concerning segregation of duties ordinarily i...
Question 164: Which of the following statements concerning audit evidence ...
Question 165: An auditor would least likely initiate a discussion with tho...
Question 166: Which of the following statements most likely represents a d...
Question 167: Due to a scope limitation, an auditor disclaimed an opinion ...
Question 168: This question presents independent factual situations an aud...
Question 169: Under which of the following circumstances would a disclaime...
Question 170: This question will represent a statement, question, excerpt,...
Question 171: After obtaining an understanding of internal control and per...
Question 172: When obtaining an understanding of an entity's internal cont...
Question 173: When companies use information technology (IT) extensively, ...
Question 174: When communicating internal control related matters noted in...
Question 175: A weakness in internal control over recording retirements of...
Question 176: When an entity uses a trust company as custodian of its mark...
Question 177: An entity engaged a CPA to determine whether the client's we...
Question 178: Which of the following statements concerning an auditor's co...
Question 179: Which of the following procedures would an auditor ordinaril...
Question 180: Before accepting an engagement to audit a new client, an aud...
Question 181: An auditor should request that an audit client send a letter...
Question 182: An accountant is required to comply with the provisions of S...
Question 183: An auditor's report contains the following sentences: We did...
Question 184: When an auditor increases the assessed level of control risk...
Question 185: An auditor selected items for test counts while observing a ...
Question 186: Which of the following factors would least likely affect the...
Question 187: The understanding with a client of an auditor's contractual ...
Question 188: The auditor should obtain sufficient knowledge of the client...
Question 189: In the first audit of a new client, an auditor was able to e...
Question 190: An auditor may report on condensed financial statements that...
Question 191: The negative request form of accounts receivable confirmatio...
Question 192: Which of the following strategies most likely could improve ...
Question 193: March, CPA, is engaged by Monday Corp., a client, to audit t...
Question 194: Which of the following statements is correct concerning prob...
Question 195: Which of the following characteristics most likely would hei...
Question 196: An auditor usually tests the reasonableness of dividend inco...
Question 197: Which of the following statements is correct concerning an a...
Question 198: This question presents independent factual situations an aud...
Question 199: In which of the following circumstances would the use of the...
Question 200: When audited financial statements are presented in a client'...
Question 201: Which of the following statements is correct concerning mate...
Question 202: Which of the following are considered control environment fa...
Question 203: An auditor is engaged to report on selected financial data t...
Question 204: An auditor should disclose the substantive reasons for expre...
Question 205: Which of the following is a professional engagement that a C...
Question 206: An auditor discovered that a client's accounts receivable tu...
Question 207: An auditor may issue a qualified opinion under which of the ...
Question 208: Which of the following phrases should be included in the opi...
Question 209: Which of the following procedures would yield the most relia...
Question 210: An entity's internal control requires for every check reques...
Question 211: Under which of the following circumstances would the use of ...
Question 212: An audit partner is developing an office training program to...
Question 213: Which of the following procedures would an auditor most like...
Question 214: A successor auditor should make specific and reasonable inqu...
Question 215: Which of the following procedures would an auditor ordinaril...
Question 216: An auditor most likely would introduce test data into a comp...
Question 217: At December 31, 20X2, Curry Co. had the following balances i...
Question 218: The audit plan usually cannot be finalized until the:...
Question 219: Which of the following professional services would be consid...
Question 220: An internal auditor's work would most likely affect the natu...
Question 221: An auditor most likely would analyze inventory turnover rate...
Question 222: An auditor desired to test credit approval on 10,000 sales i...
Question 223: "In connection with an audit of our financial statements, ma...
Question 224: An auditor usually determines whether dividend income from p...
Question 225: Which of the following services performed by another entity ...
Question 226: Which of the following is least likely to aid the auditor in...
Question 227: Baker, CPA, was engaged to review the financial statements o...
Question 228: Which of the following procedures would an auditor least lik...
Question 229: In reviewing the financial statements of a nonissuer, an acc...
Question 230: Which of the following procedures would an auditor most like...
Question 231: Which of the following most likely would be an advantage in ...
Question 232: When there is a significant change in accounting principle, ...
Question 233: Which of the following internal controls most likely would b...
Question 234: Which of the following is not true with respect to the contr...
Question 235: Because of the pervasive effects of laws and regulations on ...
Question 236: The following data pertain to Cowl, Inc., for the year ended...
Question 237: Analytical procedures performed during an audit indicate tha...
Question 238: The accounts receivable turnover ratio increased significant...
Question 239: Which of the following accurately depicts the auditor's resp...
Question 240: Which of the following procedures most likely could assist a...
Question 241: An auditor should obtain knowledge of a client's information...
Question 242: Comfort letters ordinarily are: (Exhibit)...
Question 243: An auditor most likely would issue a disclaimer of opinion b...
Question 244: When qualifying an opinion because of an insufficiency of au...
Question 245: An auditor's purpose in reviewing credit ratings of customer...
Question 246: An auditor established a $60,000 tolerable misstatement for ...
Question 247: Which of the following is true about the term "likely missta...
Question 248: Which of the following are true regarding communication requ...
Question 249: An auditor issued an audit report that was dual dated for a ...
Question 250: Which of the following inquiry or analytical procedures ordi...
Question 251: Which of the following statements concerning prospective fin...
Question 252: This question presents independent factual situations an aud...
Question 253: Prior to commencing fieldwork, an auditor usually discusses ...
Question 254: Negative confirmation of accounts receivable is less effecti...
Question 255: An advantage of using systems flowcharts to document informa...
Question 256: A CPA firm would be reasonably assured of meeting its respon...
Question 257: Which of the following procedures would least likely result ...
Question 258: Which of the following situations would not result in restri...
Question 259: To determine whether accounts payable are complete, an audit...
Question 260: An auditor's purpose in reviewing credit ratings of customer...
Question 261: A CPA wishes to determine how various publicly-held companie...
Question 262: Which of the following would not be considered a significant...
Question 263: The quarterly data required by SEC Regulation S-K have been ...
Question 264: When an auditor does not receive replies to positive request...
Question 265: In testing for unrecorded retirements of equipment, an audit...
Question 266: Which of the following controls would an entity most likely ...
Question 267: How do the scope, procedures, and purpose of an engagement t...
Question 268: A registration statement filed with the SEC contains the rep...
Question 269: Which of the following factors would least likely affect the...
Question 270: Which of the following is not a control environment factor?...
Question 271: In auditing accounts payable, an auditor's procedures most l...
Question 272: Which of the following best describes the responsibility of ...
Question 273: A successor auditor most likely would make specific inquirie...
Question 274: In the first audit of a client, an auditor was not able to g...
Question 275: In an audit of financial statements, an auditor's primary co...
Question 276: If a client will not permit inquiry of outside legal counsel...
Question 277: Does an auditor make the following representations explicitl...
Question 278: During a review of the financial statements of a nonissuer, ...
Question 279: To obtain audit evidence about control risk, an auditor sele...
Question 280: The GAO standards of reporting for governmental financial au...
Question 281: Which of the following statements is correct concerning stat...
Question 282: An accountant who reviews the financial statements of a noni...
Question 283: As a result of tests of controls, an auditor assesses contro...
Question 284: An accountant is asked to issue a review report on the balan...
Question 285: Which of the following statements concerning control risk is...
Question 286: The auditor with final responsibility for an engagement and ...
Question 287: Which of the following accounting services may an accountant...
Question 288: An auditor's report on financial statements prepared in acco...
Question 289: The responsibility to establish, maintain and monitor intern...
Question 290: Which of the following most likely would be detected by an a...
Question 291: Which of the following procedures would an auditor most like...
Question 292: Which of the following accounting bases may be used to prepa...
Question 293: Which of the following is not an inquiry the auditor should ...
Question 294: Which of the following Explanation: s most likely would sati...
Question 295: When issuing an unqualified opinion, the auditor who evaluat...
Question 296: An accountant may accept an engagement to apply agreed-upon ...
Question 297: In analyzing a company's financial statements, which financi...
Question 298: To provide assurance that each voucher is submitted and paid...
Question 299: Which of the following best describes what is meant by the t...
Question 300: The senior auditor responsible for coordinating the fieldwor...
Question 301: Which of the following is an engagement attribute for an aud...
Question 302: When auditing an entity's financial statements in accordance...
Question 303: Which best describes the documentation completion date?...
Question 304: Which of the following auditing procedures most likely would...
Question 305: An auditor who wishes to capture an entity's data as transac...
Question 306: This question will represent a statement, question, excerpt,...
Question 307: An independent accountant's report is based on a review of i...
Question 308: This question will represent a statement, question, excerpt,...
Question 309: Davis, CPA, believes there is substantial doubt about the ab...
Question 310: Davis, CPA, accepted an engagement to audit the financial st...
Question 311: Which of the following best describes an auditor's responsib...
Question 312: Audit evidence concerning proper segregation of duties ordin...
Question 313: In which case would the accountant be least likely to perfor...
Question 314: Which of the following characteristics distinguishes compute...
Question 315: Which of the following statements might be included among ad...
Question 316: An auditor's special report on financial statements prepared...
Question 317: An auditor most likely would express an unqualified opinion ...
Question 318: The annual financial statements of a publicly held company h...
Question 319: Which of the following factors would most likely influence a...
Question 320: This question presents independent factual situations an aud...
Question 321: This question will represent a statement, question, excerpt,...
Question 322: Would the following factors ordinarily be considered in plan...
Question 323: An enterprise engaged a CPA to audit its financial statement...
Question 324: Which of the following ratios would an engagement partner mo...
Question 325: Which of the following best describes the auditor's reportin...
Question 326: Which of the following factors most likely would heighten an...
Question 327: Before accepting an audit engagement, a successor auditor sh...
Question 328: The primary objective of procedures performed to obtain an u...
Question 329: If an accounting change has no material effect on the financ...
Question 330: Which of the following journal entries would the auditor lea...
Question 331: The ultimate purpose of assessing control risk is to contrib...
Question 332: The existence of audit risk is recognized by the statement i...
Question 333: Which of the following statements is correct concerning an a...
Question 334: When a company's stock record books are maintained by an out...
Question 335: A client has a large and active investment portfolio that is...
Question 336: When an accountant is engaged to compile a nonissuer's finan...
Question 337: Delta Life Insurance Co. prepares its financial statements o...
Question 338: Which of the following characteristics most likely would hei...
Question 339: In assessing control risk for purchases, an auditor vouches ...
Question 340: Which of the following expressions most likely would be incl...
Question 341: Which of the following is required documentation in an audit...
Question 342: To determine the sample size for a test of controls, an audi...
Question 343: Which of the following presumptions does not relate to the r...
Question 344: Which of the following internal control procedures most like...
Question 345: The audit documentation that makes up the current file most ...
Question 346: In assessing control risk, an auditor ordinarily selects fro...
Question 347: When an auditor expresses an adverse opinion, the opinion pa...
Question 348: A limitation on the scope of an audit sufficient to preclude...
Question 349: Which of the following provides the most authoritative guida...
Question 350: Which of the following statements is correct concerning an a...
Question 351: The following explanatory paragraph was included in an audit...
Question 352: An auditor's inquiries of management disclosed that the enti...
Question 353: The diagram below depicts the auditor's estimated maximum de...
Question 354: Which of the following best describes the auditor's responsi...
Question 355: After considering an entity's negative trends and financial ...
Question 356: Which of the following auditing procedures most likely would...
Question 357: Which of the following audit techniques most likely would pr...
Question 358: Which of the following circumstances most likely would cause...
Question 359: An auditor was unable to obtain audited financial statements...
Question 360: Prospective financial information presented in the format of...
Question 361: Which of the following statements is correct concerning an a...
Question 362: When auditing an entity's financial statements in accordance...
Question 363: Which of the following factors most likely would lead a CPA ...
Question 364: Before accepting an engagement to audit a new client, a CPA ...
Question 365: An auditor testing long-term investments would ordinarily us...
Question 366: In parallel simulation, actual client data are reprocessed u...
Question 367: In obtaining an understanding of a manufacturing entity's in...
Question 368: To exercise due professional care an auditor should:...
Question 369: A practitioner's report on agreed-upon procedures that is in...
Question 370: Analytical procedures used in planning an audit should focus...
Question 371: When an accountant examines a financial forecast that fails ...
Question 372: In auditing long-term bonds payable, an auditor most likely ...
Question 373: Symbol A most likely represents:...
Question 374: An accountant's standard report on a review of the financial...
Question 375: Reporting on internal control under Government Auditing Stan...
Question 376: This question consists of an item pertaining to possible def...
Question 377: The in-charge auditor most likely would have a supervisory r...
Question 378: This question will represent a statement, question, excerpt,...
Question 379: Which of the following controls would be most effective in a...
Question 380: When performing an engagement to review a nonissuer's financ...
Question 381: Computer Services Company (CSC) processes payroll transactio...
Question 382: An auditor should design the written audit plan so that:...
Question 383: After determining that a related party transaction has, in f...
Question 384: An auditor compared the current-year gross margin with the p...
Question 385: Which of the following procedures would an auditor most like...
Question 386: Proper authorization of write-offs of uncollectible accounts...
Question 387: Green, CPA, concludes that there is substantial doubt about ...
Question 388: If an auditor's risk assessment is based on the effective op...
Question 389: Which of the following circumstances most likely would cause...
Question 390: Which of the following statements is correct concerning the ...
Question 391: In which of the following circumstances would an auditor not...
Question 392: If a budgetary reporting system provides adequate reports, b...
Question 393: An advantage of statistical sampling over nonstatistical sam...
Question 394: An auditor who discovers that client employees have committe...
Question 395: After issuing a report, an auditor has no obligation to make...
Question 396: Which of the following relatively small misstatements most l...
Question 397: The scope of audits of recipients of federal financial assis...
Question 398: An auditor's purpose in reviewing the renewal of a note paya...
Question 399: An auditor is considering whether the omission of a substant...
Question 400: This question will represent a statement, question, excerpt,...
Question 401: In testing controls over cash disbursements, an auditor most...
Question 402: In obtaining an understanding of an entity's internal contro...
Question 403: An auditor may decide to decrease the acceptable level of ri...
Question 404: For effective internal control purposes, the vouchers payabl...
Question 405: When an auditor increases the assessed level of control risk...
Question 406: Which of the following controls most likely would give the g...
Question 407: Which of the following is the primary reason that many audit...
Question 408: Which of the following activities would most likely be consi...
Question 409: An auditor ordinarily uses a working trial balance resemblin...
Question 410: When unaudited financial statements are presented in compara...
Question 411: The permanent (continuing) file of audit documentation most ...
Question 412: In evaluating the adequacy of the allowance for doubtful acc...
Question 413: Compiled financial statements should be accompanied by a rep...
Question 414: During an engagement to review the financial statements of a...
Question 415: This question consists of an item pertaining to possible def...
Question 416: An auditor who is testing IT controls in a payroll system wo...
Question 417: When management's assertion about the effectiveness of a non...
Question 418: When an auditor is to conduct an audit of a service organiza...
Question 419: For a nonissuer, a control deficiency would be considered a ...
Question 420: An auditor should obtain sufficient knowledge of an entity's...
Question 421: An auditor's plan to examine long-term debt most likely woul...
Question 422: When an accountant compiles projected financial statements, ...
Question 423: This question consists of an item pertaining to possible def...
Question 424: Which of the following audit procedures most likely would as...
Question 425: In which case might an auditor of an issuer render a qualifi...
Question 426: Six months after issuing an unqualified opinion on audited f...
Question 427: Which of the following questions would an auditor most likel...
Question 428: To obtain assurance that all inventory items in a client's i...
Question 429: Which of the following best describes the responsibility of ...
Question 430: Payroll Data Co. (PDC) processes payroll transactions for a ...
Question 431: An auditor is required to establish an understanding with a ...
Question 432: In obtaining an understanding of a manufacturing entity's in...
Question 433: Which of the following factors most likely would influence a...
Question 434: Confirmation is most likely to be a relevant form of evidenc...
Question 435: When assessing the internal auditors' competence, the indepe...
Question 436: Because of the risk of material misstatement, an audit of fi...
Question 437: Information accompanying the basic financial statements in a...
Question 438: Which of the following procedures would an auditor most like...
Question 439: In the auditor's report, the principal auditor decides not t...
Question 440: In evaluating an entity's accounting estimates, one of an au...
Question 441: A purpose of a management representation letter is to reduce...
Question 442: Management's attitude toward aggressive financial reporting ...
Question 443: Which of the following procedures would an auditor most like...
Question 444: Management of Eva Industries, an issuer as defined under the...
Question 445: In which of the following situations would a principal audit...
Question 446: An auditor plans to apply substantive tests to the details o...
Question 447: Which of the following items does not pertain to the control...
Question 448: Which of the following characteristics most likely would hei...
Question 449: Which of the following circumstances would most likely cause...
Question 450: Which of the following types of audit evidence generally is ...
Question 451: Which of the following procedures would an auditor most like...
Question 452: Which of the following statements concerning material weakne...
Question 453: Which of the following statements describes an auditor's obl...
Question 454: An auditor most likely would apply analytical procedures in ...
Question 455: Which of the following is not true regarding an engagement t...
Question 456: One of a CPA firm's basic objectives is to provide professio...
Question 457: To obtain an understanding of a continuing client's business...
Question 458: Which of the following matters is an auditor not required to...
Question 459: Negative assurance may be expressed when an accountant is re...
Question 460: Hill, CPA, has been retained to audit the financial statemen...
Question 461: An auditor uses the knowledge provided by the understanding ...
Question 462: Snow, CPA, was engaged by Master Co., a nonissuer, to examin...
Question 463: An auditor most likely would make inquiries of production an...
Question 464: Analytical procedures performed in the final review stage of...
Question 465: Kane, CPA, concludes that there is substantial doubt about L...
Question 466: Selected data pertaining to Lore Co. for the calendar year 2...
Question 467: An auditor is reporting on condensed financial statements fo...
Question 468: For certain controls, such as segregation of duties, documen...
Question 469: In which of the following circumstances would an auditor mos...
Question 470: When auditing prepaid insurance, an auditor discovers that t...
Question 471: Statements on Standards for Accounting and Review Services (...
Question 472: In using the work of a specialist, an auditor of a nonissuer...
Question 473: A retail entity uses electronic data interchange (EDI) in ex...
Question 474: Which of the following would not be considered an analytical...
Question 475: Which of the following courses of action would an auditor mo...
Question 476: Which of the following statements is correct concerning an a...
Question 477: Which of the following internal control procedures most like...
Question 478: When compiling a nonissuer's financial statements, an accoun...
Question 479: Internal control is relevant to:...
Question 480: Which of the following procedures would an auditor most like...
Question 481: An attest engagement is one in which a CPA is engaged to:...
Question 482: While observing a client's annual physical inventory, an aud...
Question 483: An auditor's report that refers to the use of an accounting ...
Question 484: In planning an audit of a new client, an auditor most likely...
Question 485: Which of the following procedures would be most effective in...
Question 486: An accountant has compiled the financial statements of a non...
Question 487: For an entity's financial statements to be presented fairly ...
Question 488: An auditor most likely would limit substantive audit tests o...
Question 489: Auditor confirmation of accounts payable balances at the bal...
Question 490: The likelihood of assessing control risk too high is the ris...
Question 491: Wilson, CPA, obtained sufficient appropriate audit evidence ...
Question 492: A successor auditor should request the new client to authori...
Question 493: An auditor's primary consideration regarding an entity's int...
Question 494: Which of the following is a true statement regarding documen...
Question 495: Restrictions imposed by a retail entity that is a new client...
Question 496: An auditor scans a client's investment records for the perio...
Question 497: Which of the following circumstances most likely would cause...
Question 498: "There are no violations or possible violations of laws or r...
Question 499: The primary purpose of establishing quality control policies...
Question 500: An auditor obtains knowledge about a new client's business a...
Question 501: What is an auditor's evaluation of a statistical sample for ...
Question 502: A CPA is permitted to accept a separate engagement (not in c...
Question 503: Tests designed to detect purchases made before the end of th...
Question 504: When a CPA reports on audited financial statements prepared ...
Question 505: The acceptable level of detection risk is inversely related ...
Question 506: The date of the management representation letter should coin...
Question 507: The ultimate purpose of assessing control risk is to contrib...
Question 508: Which of the following factors most likely would cause a CPA...
Question 509: When an accountant compiles a financial forecast, the accoun...
Question 510: The purpose of segregating the duties of hiring personnel an...
Question 511: This question consists of an item pertaining to possible def...
Question 512: Which of the following factors would most likely be consider...
Question 513: How are management's responsibility and the auditor's respon...
Question 514: An accountant's compilation report on a financial forecast s...
Question 515: Tracing shipping documents to prenumbered sales invoices pro...
Question 516: Using microcomputers in auditing may affect the methods used...
Question 517: When an accountant performs more than one level of service (...
Question 518: Blue, CPA, has been asked to render an opinion on the applic...
Question 519: This question consists of an item pertaining to possible def...
Question 520: If the business environment is experiencing a recession, the...
Question 521: Management of Hill Company has decided not to account for a ...
Question 522: When an auditor becomes aware of a possible illegal act by a...
Question 523: Which of the following categories is included in generally a...
Question 524: Proper segregation of duties reduces the opportunities to al...
Question 525: An auditor most likely would extend substantive tests of pay...
Question 526: In evaluating the reasonableness of an entity's accounting e...
Question 527: If the objective of a test of details is to detect overstate...
Question 528: Which of the following evidence provides the least assurance...
Question 529: In planning an audit of a new client, an auditor most likely...
Question 530: Which of the following representations should not be include...
Question 531: An auditor's program to examine long-term debt should includ...
Question 532: Which of the following characteristics most likely would be ...
Question 533: Inquiries of warehouse personnel concerning possible obsolet...
Question 534: An auditor's engagement letter most likely would include:...
Question 535: In which of the following situations would an auditor ordina...
Question 536: In evaluating the reasonableness of an accounting estimate, ...
Question 537: At December 30, 20X3, Vida Co. had cash of $200,000, a curre...
Question 538: A client's lawyer is unable to form a conclusion about the l...
Question 539: During an audit an internal auditor may provide direct assis...
Question 540: Comfort letters ordinarily are addressed to:...
Question 541: When an accountant issues to an underwriter a comfort letter...
Question 542: Which of the following procedures most likely would be consi...
Question 543: The information below was taken from the bank transfer sched...
Question 544: In evaluating the reasonableness of an accounting estimate, ...
Question 545: Which of the following auditor concerns most likely could be...
Question 546: The primary purpose of establishing quality control policies...
Question 547: Which of the following matters is an auditor required to com...
Question 548: Analytical procedures performed in the overall review stage ...
Question 549: Ordinarily, the predecessor auditor permits the successor au...
Question 550: Which of the following statements should be included in an a...
Question 551: An auditor should consider the tolerable rate of deviation w...
Question 552: Audit documentation should be prepared in enough detail so t...
Question 553: In an audit of contingent liabilities, which of the followin...
Question 554: In obtaining an understanding of an entity's internal contro...
Question 555: An accountant's standard report on a compilation of a projec...
Question 556: Which of the following presumptions is correct about the rel...
Question 557: An accountant has been asked to issue a review report on the...
Question 558: An accountant has compiled the financial statements of a non...
Question 559: In testing long-term investments, an auditor ordinarily woul...
Question 560: An auditor vouched data for a sample of employees in a payro...
Question 561: Reporting standards for financial audits under Government Au...
Question 562: Which of the following matters would an auditor most likely ...
Question 563: Comparative financial statements include the financial state...
Question 564: Which of the following statements is true regarding an accou...
Question 565: In auditing accounts receivable, the negative form of confir...
Question 566: In assessing the competence and objectivity of an entity's i...
Question 567: An auditor's report would be designated a special report whe...
Question 568: An audit partner is developing an office training program to...
Question 569: When an auditor tests a computerized accounting system, whic...
Question 570: This question presents independent factual situations an aud...
Question 571: The scope of an audit is not restricted when an attorney's r...
Question 572: An accountant's standard report issued after compiling the f...
Question 573: Which of the following statements extracted from a client's ...
Question 574: Tracing shipping documents to prenumbered sales invoices pro...
Question 575: When performing an engagement to review a nonissuer's financ...
Question 576: The nature and extent of a CPA firm's quality control polici...
Question 577: An auditor includes a separate paragraph in an otherwise unm...
Question 578: Which of the following is not part of obtaining an understan...
Question 579: An auditor reviews a client's accounting policies and proced...
Question 580: What is the most likely course of action that an auditor wou...
Question 581: Which of the following controls would be most effective in a...
Question 582: Which of the following conditions is necessary for a practit...
Question 583: Which of the following factors most likely would influence a...
Question 584: When a principal auditor decides to make reference to anothe...
Question 585: Which of the following circumstances most likely would cause...
Question 586: Which of the following statements about internal control is ...
Question 587: When single-year financial statements are presented, an audi...
Question 588: In which of the following situations would an auditor ordina...
Question 589: Selected data pertaining to Lore Co. for the calendar year 2...
Question 590: Before issuing a report on the compilation of financial stat...
Question 591: Morris, CPA, suspects that a pervasive scheme of illegal bri...
Question 592: An auditor traced a sample of purchase orders and the relate...
Question 593: Which of the following controls most likely would be effecti...
Question 594: An examination of a financial forecast is a professional ser...
Question 595: This question presents independent factual situations an aud...
Question 596: In its annual report to shareholders, Lake Co. included a se...
Question 597: In evaluating an entity's accounting estimates, one of the a...
Question 598: Which of the following are elements of a CPA firm's quality ...
Question 599: The most reliable procedure for an auditor to use to test th...
Question 600: The risk of incorrect acceptance and the likelihood of asses...
Question 601: Tests designed to detect credit sales made before the end of...
Question 602: An accountant should perform analytical procedures during an...
Question 603: An auditor generally tests the segregation of duties related...
Question 604: As a result of sampling procedures applied as tests of contr...
Question 605: Which of the following is not an audit procedure that the in...
Question 606: Which of the following procedures does a CPA normally perfor...
Question 607: Stratified mean per unit (MPU) sampling is a statistical tec...
Question 608: Which statement is true regarding the three fraud risk facto...
Question 609: An auditor most likely would be responsible for communicatin...
Question 610: An auditor of a manufacturer would most likely question whet...
Question 611: A CPA is engaged to examine management's assertion that the ...
Question 612: Which of the following sampling methods would be used to est...
Question 613: Which of the following is the most effective control activit...