Green, CPA, is requested to prepare a written report on the application of the requirements of an applicable financial reporting framework to a specific transaction by an entity that is audited by another CP Green may:
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A 应当中止 B 继续进行 C 移交到受理破产案件的人民法院继续审理 D 终结审理 E 在管理人接管债务人的财产后，该诉讼由原法院继续进行
3 .On February 9, Brown, CPA, expressed an unmodified opinion on the financial statements of Web Co. On October 9, during a peer review of Brown's practice, the reviewer informed Brown that engagement personnel failed to perform a search for subsequent events for the Web engagement. Brown should first:
A Inquire of Web whether there are persons currently relying, or likely to rely, on the financial statements. B Request Web's permission to perform substantive procedures that would provide a satisfactory basis for the opinion. C Take no additional action because subsequent events have no effect on ...
4 .When financial statements include supplementary information which is outside the basic financial statements, but required by GAAP, the auditor may choose any of the following options, except:
A Express an opinion on the information, if he or she has been engaged to examine such information. B Disclaim an opinion on the information. C Express negative assurance on the information, if review procedures have been appropriately performed. D Report on whether the information is fairly stated ...
5 .An auditor determines that the entity is presenting certain supplementary financial disclosures of pension information that are required by the GAS Under these circumstances, the auditor should:
A Compare the required supplementary information for consistency with the audited financial statements. B Add an additional paragraph to the auditor's report that refers to the required supplementary information only if there are problems with the information. C State that the audit is not being per...
7 .A CPA is engaged to examine management's assertion that the entity's schedule of investment returns is presented in accordance with specific criteria. In performing this engagement, the CPA should comply with the provisions of:
A Statements on Standards for Accounting and Review Services (SSARS). B Statements on Standards for Attestation Engagements (SSAE). C Statements on Standards for Consulting Services (SSCS). D Statements on Auditing Standards (SAS).
8 .An accountant's standard report on a compilation of a projection should not include a statement that:
A There will usually be differences between the projected and actual results. B The accountant has no responsibility to update the report for future events and circumstances. C The compilation of a projection is limited in scope. D The hypothetical assumptions used in the projection are reasonable i...
9 .Which of the following statements best describes why an auditor would use only substantive procedures to evaluate specific relevant assertions and risks?
A Testing the operating effectiveness of the relevant controls would not be efficient. B The relevant internal control components are not well documented. C The cost of substantive procedures will exceed the cost of testing the relevant controls. D The internal auditor already has tested the relevan...
10 .If an auditor's risk assessment is based on the effective operation of controls, the auditor will likely:
A Apply analytical procedures to both financial data and nonfinancial information to detect conditions that may indicate weak controls. B Perform tests of details of transactions and account balances to identify potential errors and fraud. C Document that the additional audit effort to perform tests...
