4758805
Descrição
Quiz por clara.azurmendi, atualizado more than 1 year ago
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Criado por clara.azurmendi
mais de 8 anos atrás
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Questão 1
Questão
Evidence is used by which of the following professionals?
Responda
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Auditors
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Scientists
-
Lawyers
-
All of the above
Questão 2
Questão
An _________ programme is a list of audit procedures for an audit area or an entire audit.
Responda
-
Control
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Evidence
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Data
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Audit
Questão 3
Questão
Characteristics that effect the reliability of evidence include:
Responda
-
Independence of provider
-
Timeliness of evidence
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Auditors direct knowledge
-
All of the above
Questão 4
Questão
The following are all types of audit evidence except:
Responda
-
Analytical procedures
-
Physical examination
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Organization
-
Confirmation
Questão 5
Questão
An insurance policy is an example of:
Responda
-
External documents
-
Other
-
Internal documents
-
Both external and internal documents
Questão 6
Questão
The Sarbanes-Oxley Act requires auditors of public companies to retain audit files for no less than:
Responda
-
Ten years
-
Twenty years
-
Three years
-
Seven years
Questão 7
Questão
Which of the following is an example of a supporting schedule which is support of specific amounts on the client's financial statements?
Responda
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A. Reconciliation
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B. Scanning
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C. Trial balances
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All of the above
-
A and B only
-
C and B only
-
A and C only
Questão 8
Questão
If an auditor believes the financial statements of a client are not fairly presented then the auditor should:
Responda
-
Notify users through an auditor report
-
Report the findings to the government
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Notify the external users by advertising its findings
-
All of the above
Questão 9
Questão
Fair representation in the financial statements:
Responda
-
Rest with the creditors
-
Rests with the shareholder
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Rests with the auditors
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Rests with the management
Questão 10
Questão
When an auditor believes a client is involved in illegal acts, the auditor should:
Responda
-
Help the client destroy all evidence of the illegal act
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Go to management at a level above those likely to be involved in the potential illegal act
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Withdraw from the engagement immediately
-
Go to the press
Questão 11
Questão
Audit objectives should be estimated for each of the following except:
Responda
-
Management Reports
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Balances
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Transactions
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Presentations and Disclosures
Questão 12
Questão
_____________ uses comparison and relationship to assess whether account balances or other data appear reasonable.
Responda
-
Test of details
-
Internal details
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Analytical procedures
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Walk through tests
Questão 13
Questão
___________ judgment should be used when setting and applying materiality guidelines.
Responda
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Professional
-
Minimum
-
Amateur
-
Maximum
Questão 14
Questão
Materiality is allocated to accounts on the balance sheet while keeping the following items in mind:
Responda
-
Certain accounts
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Audit costs of the allocation
-
Overstatements and understatements
-
All the above
Questão 15
Questão
The risk that the portion of the population selected for review does not accurately represent the population, is what type of risk?
Responda
-
Sampling
-
Audit
-
Detection
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Inherent
Questão 16
Questão
As inherent risk increases, planned detection risk
Responda
-
Stays the same
-
Increases
-
Decreases
-
Becomes negative
Questão 17
Questão
If the level of audit assurance is 97%, the level of acceptable audit risks is
Responda
-
7%
-
3%
-
5%
-
10%
Questão 18
Questão
In evaluating engagement risks, the auditor should be aware of items such as:
Responda
-
The clients previous year's profits
-
The clients method of financing growth
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The client liquidity position
-
All of the above
Questão 19
Questão
Factors affecting inherent risks include:
Responda
-
A. Non routine transaction
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B. Internal controls
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C. Initial audit
-
All of the above
-
A and B only
-
A and C only
-
B and C only
Questão 20
Questão
The major limitation of using the audit risk model is the:
Responda
-
Objective nature of its components
-
There is no limitation to the model
-
Application of the model
-
Subjective nature of its components
Questão 21
Questão
Because of legal liability and loss of professional reputation most auditors are concerned about:
Responda
-
A. Status- quo auditing
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B. Over-auditing
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C. Under-auditing
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All of the above
-
A and B only
-
A and C only
-
B and C only
Questão 22
Questão
Materiality and risk are_________ related.
Responda
-
Inversely
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Directly
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Equally
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None of the above
Questão 23
Questão
_________ smoothing is a form of earning management in which revenues and expenses are shifted between periods to reduce fluctuations in earnings.
Responda
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Expense
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Equity
-
Revenue
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Income
Questão 24
Questão
Fraudulent financial reporting may be contributed to:
Responda
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External Performance Pressures
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Lack of Segregation of Duties
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Internal Performance Pressures
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All of the above
Questão 25
Questão
If an auditor discovers fraud, an auditor should:
Responda
-
Conduct further investigations
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Approach the appropriate level of management
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Consider withdrawing from the audit if the fraud is significant
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All of the above
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