4215402
Descrição
Quiz por Stephany Fox, atualizado more than 1 year ago
|
Criado por Stephany Fox
quase 9 anos atrás
|
|
Questão 1
Questão
Choose the quantitative factors that hep determine materiality from below.
Responda
-
Income before taxes
-
Income from continuing operations
-
3 year average income
-
total assets
-
total revenues
-
gross profit
-
potential for fraud or illegal acts
-
higher than normal risk of bankruptcy
-
potential loan covenant violations
Questão 2
Questão
The sum of the misstatements in financial statements can be more than the materiality threshold.
Responda
- True
- False
Questão 3
Questão
Which of the following would be an acceptable solution is the misstatement is greater than materiality?
Responda
-
Leave opinion as is.
-
Do not tell the client so they will not try to change anything in the financial statements
-
Do additional testing
-
Do take the financial risk of walking away from the audit.
Questão 4
Questão
SAS 84 requires which of the following?
Responda
-
Auditors on new engagements need to contact the preceding auditor, with permission from the potential client.
-
Auditors on new engagements need to contact the preceding auditor, whether the potential content likes it or not.
Questão 5
Questão
IT specialists are rarely needed for audit engagements.
Responda
- True
- False
Quer criar seus próprios Quizzes gratuitos com a GoConqr? Saiba mais.