3649105
Descrição
Quiz por hadasmolina, atualizado more than 1 year ago
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Criado por hadasmolina
aproximadamente 9 anos atrás
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Questão 1
Questão
What is the role of the Auditor?
Responda
-
Reports on the Financial Statements to the Intended user
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Provides Assurance on the quality of the FS
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Reports on the Financial Statements to the Responsible party.
Questão 2
Questão
The objective of the audit is to provide information on the financial situation of the company.
Responda
- True
- False
Questão 3
Questão
The objective of the audit is to provide an opinion on the true and fairness of the FS of the company
Responda
- True
- False
Questão 4
Questão
What is the objectives of an auditor?
Responda
-
To provide IT support
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To review the FS and give their opinion on the truth and Fairness on the FS and report to the intended user.
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To do an inventory of all the assets that the company holds
Questão 5
Questão
What does it mean the information on the FS are True?
Responda
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The information is correct and Factual. It conforms with the reality, the accounting principles and any relevant legislation. Lastly, the information is similar to the underlying accounting records that have been entered during the year.
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The information is clear, impartial and umbias
Questão 6
Questão
Information to be Fair, means: the information is clear, impartial and unbiased. Information reflects the commercial substance of the transactions of the entity.
Responda
- True
- False
Questão 7
Questão
What are the principles of an audit?
Responda
-
To conduct the audit with ethics complying with the ISA's and any relevant legislation. And, to conduct the audit with Professional Skepticism.
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The FS contain clear and impartial information.
Questão 8
Questão
The Pros of an audit is that: the audit provides reliable information. It is a deterrent for Mgt. (i.e: Fraud, Bias)
Increase the credibility of FS. Provides independent view to Shareholders.
Responda
- True
- False
Questão 9
Questão
What are the down sides of an Audit?
Responda
-
There are limitations because not all transactions are tested. only sample testing. Place some reliance on Mgt. It is subjective as it is choose what to test to conduct.
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The information is impartial, clear and unbias.
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