Reference in a group engagement partner's report to the fact that part of the audit was performed by another auditor most likely would be an indication of the:
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1 .When financial statements contain a departure from U.S. GAAP because, due to unusual circumstances, the statements would otherwise be misleading, the auditor should express an opinion that is:
A Qualified or adverse, depending on pervasiveness. B Adverse. C Qualified. D Unmodified.
2 .被询证者的回函中可能包括免责或其他限制条款。下列属于可能对回函的可靠性产生影响的限制条款的有（ ）。
A “提供的本信息仅出于礼貌，我方没有义务必须提供，我方不因此承担任何明示或暗示的责任 B “本信息是从电子数据库取得，可能不包括被询证方所拥有的全部信息” C “本信息既不保证是最新的，其他方可能会持有不同意...
3 .The phrase "U.S. generally accepted accounting principles" is an accounting term that:
A Is included in the audit report to indicate that the audit has been conducted in accordance with generally accepted auditing standards (GAAS) B Includes broad guidelines of general application but not detailed practices and procedures. C Encompasses the conventions, rules, and procedures necessary...
4 .When a PCAOB auditing standard indicates that an auditor "could" perform a specific procedure, how should the auditor decide whether and how to perform the procedure?
A By soliciting input from the issuer's audit committee. B By comparing the PCAOB standard with related AICPA auditing standards. C By exercising professional judgment in the circumstances. D By evaluating whether the audit is likely to be subject to inspection by the PCAOB.
5 .For an entity's financial statements to be presented fairly in accordance with an applicable financial reporting framework, the framework selected should:
A Be U.S. GAAP, for all audits performed in the United States. B Include an adequate description of the framework in the financial statements. C Be approved by the Auditing Standards Board or the appropriate industry subcommittee. D Match the reporting framework used by most other entities within th...
7 .An auditor's report contains the following sentences:We did not audit the financial statements of JK Co., a wholly owned subsidiary, which statements reflect total assets and revenues constituting 17 percent and 19 percent, respectively, of the related consolidated totals. Those statements were audited by other auditors whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for JK Co., is based solely on the report of the other auditors.These sentences:
A Qualify the opinion. B Are an improper form of reporting. C Disclaim an opinion. D Divide responsibility.
8 .Digit Co. uses the FIFO method of costing for its international subsidiary's inventory and LIFO for its domestic inventory. Under these circumstances, the auditor's report on Digit's financial statements should express an:
A Opinion qualified because of a departure from GAAP. B Adverse opinion. C Opinion qualified because of a lack of consistency. D Unmodified opinion.
9 .Mead, CPA, had substantial doubt about Tech Co.'s ability to continue as a going concern when reporting on Tech's audited financial statements for the year ended June 30, Year 4. That doubt has been removed in Year 5. What is Mead's reporting responsibility if Tech is presenting its financial statements for the year ended June 30, Year 5, on a comparative basis with those of Year 4?
A A different emphasis-of-matter paragraph describing Mead's reasons for the removal of doubt should be included. B The emphasis-of-matter paragraph included in the Year 4 auditor's report should not be repeated. C The emphasis-of-matter paragraph included in the Year 4 auditor's report should be re...
10 .When single-year financial statements are presented, an auditor ordinarily would express an unmodified opinion with no emphasis of matter or other matter paragraph if the:
A Prior year's financial statements were audited by another CPA whose report, which expressed an unmodified opinion, is not presented. B Auditor wishes to emphasize an accounting matter affecting the comparability of the financial statements with those of the prior year. C Entity declines to present...
