100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Auditing: A Practical Approach with Data Analytics 2nd Edition by Laura Davis Wiley, Johnson and Moroney -All Chapters 1-16 | TEST BANK $28.07
Add to cart
Quickly navigate to
Preview
  2.  
  3. Auditing: A Practical Approach With Data Analytics
  4.  
  5. Auditing: A Practical Approach with Data Analytics

Exam (elaborations)

Auditing: A Practical Approach with Data Analytics 2nd Edition by Laura Davis Wiley, Johnson and Moroney -All Chapters 1-16 | TEST BANK

2 reviews
 17 purchases
  • Course
  • Auditing: A Practical Approach with Data Analytics
  • Institution
  • Auditing: A Practical Approach With Data Analytics

TEST BANK for Auditing: A Practical Approach with Data Analytics 2nd Edition by Laura Davis Wiley, Raymond N. Johnson and Robyn Moroney ISBN-13 978-6. All Chapters 1-16 (Complete Download) . 1453 Pages TABLE OF CONTENTS Chapter 1 Introduction and Overview of Audit and Assurance Page : 73 Chapter 2 ...

[Show more]

Preview 4 out of 1453  pages

Document information

  • January 30, 2023
  • 1453
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • auditing a practical approach with data analytics 2nd edition by laura davis wiley
  • test bank for auditing a practical approach with data analytics 2nd edition by laura davis wiley
  • raymond n johns

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

All for this textbook (62)

Written for

  • Auditing: A Practical Approach with Data Analytics
  • Auditing: A Practical Approach with Data Analytics

2  reviews

review-writer-avatar

By: pigsoccer44 • 1 year ago

review-writer-avatar

By: jjeong • 1 year ago

Seller

avatar-seller
AcademiContent

Reviews received

Content preview

,
,4) Private companies, or non-issuers, are not required by the U.S. government to have an annual
financial statement audit.
Answer: TRUE
Explanation: Private companies, or non-issuers, are not required by the U.S. government to
have an annual financial statement audit, but often other interested users, such as a bank or
lender, may request that a private company provide audited financial statements.
Diff: 1
LO: 2
Bloom: Knowledge
Min: 1
AACSB: Analytic
AICPA: AC: Reporting

5) One of the reasons there is a demand for financial statement audits is that users of financial
statements often lack accounting and legal knowledge to fully understand complex accounting
and disclosure choices.
Answer: TRUE
Explanation: Financial statements are complex, the amounts are often affected by significant
estimates, and the disclosures often require significant knowledge and experience to evaluate.
Most financial statement users do not have the accounting and legal knowledge to assess the
reasonableness of complex accounting and disclosure choices being made by the company.
Diff: 1
LO: 3
Bloom: Comprehension
Min: 1
AACSB: Analytic
AICPA: PC: Communication

6) In financial accounting, the balance sheet is a statement of financial position.
Answer: TRUE
Explanation: In financial accounting, the financial statements include the balance sheet
(statement of financial position), income statement (statement of comprehensive income),
statement of cash flows, statement of changes in equity and accompanying notes.
Diff: 1
LO: 3
Bloom: Knowledge
Min: 1
AACSB: Analytic
AICPA: PC: Communication




2

, 7) Business valuation falls within the purview of non-assurance services.
Answer: TRUE
Explanation: Many of these accounting firms provide non-assurance (or non-audit) services as
well as assurance services. These non-assurance services include management consulting,
business valuation, mergers and acquisitions, insolvency, tax and accounting services.
Diff: 1
LO: 4
Bloom: Knowledge
Min: 1
AACSB: Analytic
AICPA: AC: Measurement Analysis and Interpretation

8) Securities Exchange Act of 1934 regulates the ongoing trading of securities after the initial
public offering and requires the annual audit of a public company's financial statements.
Answer: TRUE
Explanation: The Securities Exchange Act of 1934 regulates the ongoing trading of securities
after the initial public offering and requires the annual audit of a public company's financial
statements.
Diff: 1
LO: 5
Bloom: Knowledge
Min: 1
AACSB: Ethics
AICPA: BC: Governance Perspective

9) The Securities Act of 1933 enhances annual financial disclosures for public companies and
placed more emphasis on corporate responsibility.
Answer: FALSE
Explanation: The Securities Act of 1933 regulates the disclosure of financial information in a
company's initial public offering of stock and requires that the financial information be audited.
Diff: 1
LO: 5
Bloom: Knowledge
Min: 1
AACSB: Ethics
AICPA: BC: Governance Perspective

10) Neither client characteristics nor actions of the auditor affect the audit risk.
Answer: FALSE
Explanation: Audit risk is affected by client characteristics as well as actions of the auditor.
Diff: 1
LO: 6
Bloom: Knowledge
Min: 1
AACSB: Ethics
AICPA: AC: Reporting


3

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller AcademiContent. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $28.07. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

65352 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(4)

Midterm Exam: NR547/ NR 547 (Latest 2023/ 2024) Differential Diagnosis in Psychiatric-Mental Health Across the Lifespan Practicum Exam Review| Complete Guide with Questions and Verified Answers- Chamb

Exam (elaborations) ·

(0)

Mental Health Exam #2 Psychotic Disorders Positive & Negative Symptoms,Typical & Atypical Antipsychotics,Grief,Depression,Suicide,Antidepressants,Mania,Mood Stabilizers,Lithium, Therapeutic Communicat

Exam (elaborations) ·

(0)

A Complete A+ Test Bank-Leadership Roles and Management Functions in Nursing Theory and Applications 11th Edition by Bessie L Marquis, & Carol Houston/ Chapters 1-25/ ISBN-13 978-1975193065/ace your

Package deal ·

(0)

Backflow Prevention Assembly Tester Training Exam 2024, Backflow Prevention Assembly Tester Training - GA With Questions and Answers & Backflow Prevention Practice Exam Questions and Answers 2024 Grad

Exam (elaborations) ·

(0)

Liberty HIEU 202 Test 7 Questions and Correct Answers (elaborations) with 100% Accurate , Verified , Latest fully Updated , 2024/2025 ,Already Passed , Graded A+, Complete solutions guarantee distinc

Package deal ·

(0)

Exam 2: PRN1831 / PRN 1831 (Latest 2024 / 2025 Updates STUDY BUNDLE WITH COMPLETE SOLUTIONS) Principles of Maternal-Child Health Nursing Reviews | Questions and Verified Answers | 100% Correct | Grade

Exam (elaborations) ·

(5)

NR503 POPULATION HEALTH& EPIDEMIOLOGY 2024 FINAL EXAM QUESTIONS AND CORRECT ANSWERS VERIFIED BY EXPERTS |ACCURATE ACTUAL EXAM WITH FREQUENTLY TESTED QUESTIONS |ALREADY A GRADED |GUARANTEED PASS |L

Exam (elaborations) ·

(1)

MFP1501 ASSIGNMENT 02 ANSWERS DUE 18 JUNE 2024. This document contains well answered and unique answers that will help you score a very good mark, contact 0/6/7/1/1/8/9/0/5/9 for assignment and exam a

Essay ·

(0)

PUB4863 ASSIGNMENT 6 2024 In a critical essay reflect on the use of rationality in organisations. Your essay must specifically address the question of whether rationality in organisations is truly pos
$28.07  17x  sold
  • (2)
Add to cart
Added