A purpose of a management representation letter is to reduce:
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 .In a financial statement audit of a nonissuer, a previously communicated significant deficiency that has not been corrected, ordinarily should be communicated again:
A Only if the deficiency has a material effect on the auditor's assessment of control risk. B In writing, during the current audit. C Unless the entity accepts that degree of risk because of cost-benefit considerations. D Only if the deficiency is considered a material weakness.
2 .In an audit of an issuer, the auditor must provide an opinion on which of the following?I. The financial statements.II. The audit committee's oversight of financial reporting and internal control.III. The effectiveness of internal control.
A I and II only. B I and III only. C I, II, and III. D I only.
3 .In an integrated audit of a nonissuer, an auditor should issue an adverse opinion on the effectiveness of an entity's internal control in which of the following situations?
A A material weakness exists. B The financial statements are misstated. C The entity may not continue as a going concern. D The auditor was asked by the client to provide the report to another practitioner.
4 .Which of the following statements is correct concerning an auditor's required communication with those charged with governance?
A This communication is required to occur before the auditor's report on the financial statements is issued. B Any significant matter communicated to those charged with governance also should be communicated to management. C Significant audit adjustments proposed by the auditor and recorded by manag...
5 .Which of the following statements is correct concerning an auditor's required communication with those charged with governance?
A If matters are communicated in writing, the report is appropriate for general use. B This communication is required to occur before the auditor's report on the financial statements is issued. C If matters are communicated in writing, the report is required to be distributed to both those charged w...
7 .Which of the following statements is correct regarding a management representation letter?
A A representation letter can be used in place of specific, previously identified audit procedures. B A representation letter encompasses a different set of assertions from those inherent in the financial statements. C The date of the representation letter should typically be the same as the audit r...
8 .A cooling-off period of how many years is required before a member of an issuer's audit engagement team may begin working for the registrant in a key position?
A Two years. B Four years. C Three years. D One year.
9 .Which of the following computer-assisted auditing techniques allows fictitious and real transactions to be processed together without client operating personnel being aware of the testing process?
A Input controls matrix. B Data entry monitor. C Parallel simulation. D Integrated test facility.
10 .In its tests of controls over the Tarbet Township Housing Assistance Program, Black, CPA, has found that the clerk assigned to monitor and limit participation in the housing program to a target population of individuals meeting income criteria is routinely overruled by his supervisor in order to meet volume based level of effort requirements. Ineligible participants whose income exceeds program limits are routinely admitted to the program. Black would characterize this as a(n):
A Deficiency in the operation of internal control. B Inherent risk of noncompliance. C Audit risk of noncompliance. D Deficiency in the design of internal control.
