An entity changed from the straight-line method to the declining balance method of depreciation for all newly acquired assets. This change has no material effect on the current year's financial statements, but is reasonably certain to have a substantial effect in later years. If the change is disclosed in the notes to the financial statements, the auditor should issue a report with a(an):
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1 .Which of the following actions should a CPA firm take to comply with the AICPA's quality control standards?
A Use attributes sampling techniques in testing internal controls. B Establish policies to ensure that the audit work meets applicable professional standards. C Establish procedures that comply with the standards of the Sarbanes-Oxley Act. D Consider inherent risk and control risk before determining...
2 .Which paragraphs of an auditor's report on financial statements under U.S. auditing standards should refer to generally accepted auditing standards (GAAS) and generally accepted accounting principles (GAAP)?GAASGAAP
A Auditor's Responsibility；Introductory B Introductory；.................Introductory C Introductory；.................Auditor's Responsibility D Auditor's Responsibility；Opinion
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A Yes；Yes B No；.No C Yes；No D No；.Yes
5 .An auditor includes a separate paragraph in an otherwise unmodified report to emphasize that the entity being reported on had significant transactions with related parties. The inclusion of this separate paragraph:
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9 .If a publicly held company issues financial statements that purport to present its financial position and results of operations but omits the statement of cash flows, the auditor ordinarily will express a(an):
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