An auditor reads the letter of transmittal accompanying a county's comprehensive annual financial report and identifies a material inconsistency with the financial statements. The auditor determines that the financial statements do not require revision. Which of the following actions should the auditor take?
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .According to the SEC, members of an issuer's audit committee may not:
A Be responsible for the compensation of any registered public accounting firm employed by the registrant to provide an audit report. B Establish procedures for employees to anonymously report fraud. C Accept any consulting, advisory, or other compensatory fee from the registrant for services other ...
2 .Which of the following is not true about the report release date?
A It is used to define the beginning of the retention period. B It is the date on which the auditor grants the client permission to use the report. C It is often the date on which the report is delivered to the client. D It is defined as the date after which existing documentation must not be delete...
3 .CPA-02800Because of the risk of material misstatement, an audit of financial statements in accordance with generally accepted auditing standards should be planned and performed with an attitude of:
A Professional skepticism. B Objective judgment. C Independent integrity. D Impartial conservatism.
4 .CPA-03419Green, CPA, is aware that Green's name is to be included in the annual report of National Company, a publicly-held entity, because Green has audited the annual financial statements included therein. National's quarterly financial statements are also contained in the annual report. Green has not audited but has reviewed these interim financial statements. Green should request that:I. Green's name not be included in the annual report.II. The interim financial statements be marked as unaudited.
A Both I and II. B I only. C Either I or II. D II only.
5 .CPA-02556The date of the management representation letter should coincide with the date of the:
A Latest related party transaction. B Latest interim financial information. C Balance sheet. D Auditor's report.
7 .Financial statements of a nonissuer that have been reviewed by an accountant should be accompanied by a report stating that:
A A review includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. B The scope of the inquiry and analytical procedures performed by the accountant has not been restricted. C Management is responsible for the preparation and fair presentation...
8 .A CPA's report on agreed-upon procedures related to management's assertion about an entity's compliance with specified requirements should contain:
A An opinion about whether management's assertion is fairly stated. B An acknowledgment of responsibility for the sufficiency of the procedures. C A statement of limitations on the use of the report. D Negative assurance that control risk has not been assessed.
9 .Proper supervision of assistants is required for all of the following reasons, except:
A To ensure that the work performed by assistants provides the professional development they will need to advance within the firm. B To stay informed regarding significant accounting and auditing questions, new developments, and material problems. C To ensure that the work performed by assistants is...
10 .Detection risk differs from both control risk and inherent risk in that detection risk:
A Can be changed at the auditor's discretion. B Arises from risk factors relating to fraud. C Should be assessed in nonquantitative terms. D Exists independently of the financial statement audit.
