With respect to audit documentation, is the following statement true or false?Working papers should be prepared to enable an experienced auditor with no involvement inthe audit to understand the nature, timing, extent and results of the audit proceduresperformed in the engagement.
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 .Which THREE of the following are purposes of a letter of engagement?(1) To set out the form of any report to be issued(2) To provide constructive suggestions to management concerning improvements ininternal control(3) To document and confirm acceptance of the appointment(4) To document management’s and the auditor’s respective responsibilities(5) To provide evidence on matters where other evidence is not expected to exist
A 3, 4 and 5 B 1, 2 and 3 C 1, 3 and 4 D 2, 3 and 5
2 .A potential client has asked a firm to act as auditor to his company and wants the audit tocommence immediately as the financial statements are required by the bank.What should the auditor’s response be?
A Start work on the audit right away B Inform the previous auditors that they intend to commence work C Contact the previous auditors for professional clearance before they start work D Accept the assignment subject to written confirmation of appointment by the Board
3 .Which of the following procedures should an auditor carry out as soon as practicableafter accepting a new audit appointment?
A Send an engagement letter setting out his undertaking of his responsibilities asauditor B Communicate with the previous auditor to see if there is any professional reasonwhy the appointment should not stand C Ensure that he is not disqualified in any way from acting as auditor under locallegislati...
4 .Which of the following factors would be most likely to cause an auditor to decline a newaudit engagement?
A The auditor lacks an understanding of the prospective clients operations andindustry B Management’s disregard of its responsibility to maintain an adequate internalcontrol environment C The auditor is unable to perform substantive procedures before the year end D The prospective client has alrea...
5 .When accepting appointment which of the following is NOT true?
A Firms must consider independence at all times B Firms must consider if they can offer an adequate service C Firms must ensure they have previous experience in that sector
7 .The use of standardised working papers may improve the efficiency with which the audit fileis prepared and reviewed. However, the extent to which a standardised approach is desirablewill vary from audit to audit and will be more appropriate for some forms of documentationthan others.For which document would a standardised approach be particularly appropriate?
A An engagement letter B An annual bank confirmation letter C An audit programme D Written representations from management
8 .Why is preparing audit working papers important?
A To comply with the requirements of the Disciplinary Committee of the ACCA B To enable the auditor to escape liability in a subsequent lawsuit C To enable the partner to assess the standard of work carried out by the audit team
9 .Which of the following is an advantage of using standardised working papers?
A Ensures the completeness of the audit working papers by the placing of a standardprogramme on each section of the audit file B Introduces a standard approach to the conduct and documentation of the audit C Enables junior staff to follow properly documented and designed proceduresthereby reducing t...
10 .Auditors’ working papers are conventionally divided into current and permanent files for bothconvenience and control.Which of the following is most likely to appear on the permanent audit file as opposed tothe current audit file?
A Written representations from management B Management (control weakness) letter C Letter of engagement D Receivables confirmation letter
