Which of the following statements concerning material weaknesses and significant deficiencies is correct with respect to an audit of a nonissuer?
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 .An attest engagement is one in which a CPA is engaged to:
A Provide tax advice or prepare a tax return based on financial information the CPA has not audited or reviewed. B Assemble the financial statements of a nonissuer based on the assumptions of the entity's management without expressing any assurance. C Testify as an expert witness in accounting, audi...
2 .Which of the following procedures most likely would be performed in a review engagement of a nonissuer's financial statements in accordance with Statements on Standards for Accounting and Review Services?
A Observing a year-end inventory count. B Making inquiries of management. C Examining subsequent cash receipts. D Assessing the internal control system.
3 .In performing an attest engagement, a CPA typically:
A Provides management consulting advice. B Supplies litigation support services. C Assesses control risk at a low level. D Issues a report on subject matter (or on an assertion about subject matter) that is the responsibility of another party.
4 .Which of the following matters is an auditor required to communicate to those charged with governance?
A The auditor's preliminary judgments about materiality levels. B The process used by management in formulating sensitive accounting estimates. C The justification for performing substantive procedures at interim dates. D The basis for his or her assessment of control risk.
5 .Which of the following statements is correct concerning an auditor's required communication with those charged with governance?
A This communication should include disagreements with management about significant audit adjustments, whether or not satisfactorily resolved. B If matters are communicated in writing, the report is appropriate for general use. C If matters are communicated in writing, the report is required to be d...
7 .Which of the following statements is correct concerning statistical sampling in tests of controls?
A As the population size increases, the sample size should increase proportionately. B In determining tolerable rate, an auditor considers detection risk and the sample size. C There is an inverse relationship between the expected population deviation rate and the sample size. D Deviations from spec...
8 .It is not appropriate to refer a reader of an auditor's report to a financial statement footnote for details concerning:
A Sale of a discontinued operation. B The results of confirmation of receivables. C The pro forma effects of a business combination. D Subsequent events.
9 .An auditor has substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time because of negative cash flows and working capital deficiencies. Under these circumstances, the auditor would be most concerned about the:
A Effectiveness of the entity's internal control activities. B Control environment factors that affect the organizational structure. C Possible effects on the entity's financial statements. D Correlation of detection risk and inherent risk
10 .When there has been a change in accounting principles, but the effect of the change on the comparability of the financial statements is not material, the auditor should:
A Refer to the change in the opinion paragraph. B Explicitly concur that the change is preferred. C Not refer to consistency in the auditor's report. D Refer to the change in an emphasis-of-matter paragraph
