The following AUD question is from the Wiley CPA Test Bank for AUD. Performing inquiry and analytical procedures is the primary basis for an accountant to issue a A: Report on compliance with requirements governing major federal assistance programs in accordance with the Single Audit Act. B: Review report on prospective financial statements that present […]
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The following are from Wiley CPA’s 2011 AUD Online Test Bank: 1. When an auditor becomes aware of a possible client illegal act, the auditor should obtain an understanding of the nature of the act to A: Increase the assessed level of control risk. B: Recommend remedial actions to the audit committee. C: Evaluate the […]
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The following is from the Wiley CPA 2011 Test Bank Software (Online). Click here to get over 900 AUD CPA Exam practice questions for $87. Topic: Audit Evidence The primary responsibility for the adequacy of disclosure in the financial statements of a publicly held company rests with the A: Partner assigned to the audit […]
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From Wiley CPAexcel Which of the following is included as part of the definition of audit sampling? A: Inquiry and observation procedures.. B: Documentary evidence. C: Evaluation of some characteristic. D: Statistical techniques An advantage of statistical sampling over nonstatistical sampling is that statistical sampling helps an auditor to A: Minimize the failure […]
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The following is from the Wiley CPA Review AUD Online Test Bank. Used with permission from the Publisher. Topic: Auditing and Technology To obtain evidence that user identification and password controls are functioning as designed, an auditor would most likely A: Review the online transaction log to ascertain whether employees using passwords have access to […]
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The following is from the Online Wiley CPA Test Bank. Used with permission from the Publisher. Topic: Audit Sampling Which of the following is included as part of the definition of audit sampling? A: Inquiry and observation procedures. B: Documentary evidence. C: Evaluation of some characteristic. D: Statistical techniques. The answer will be left in […]
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