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 engagement.
B: Management of the company.
C: Auditor in charge of the fieldwork.
D: Securities and Exchange Commission.
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 […]
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 […]
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 […]
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 […]
You must be logged in to post a comment.
© 2021 another71. All rights reserved.
just wanted to know whether the CPA Exams 2010 are out.
I would think B, since the key management officers has to signed off on the financial statements as part of reporting requirements to the SEC.