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
Test Bank for Auditing: The Art and Science of Assurance Engagements, 15th Canadian Edition by Arens CA$43.10   Add to cart
Quickly navigate to
Preview
  2.  
  3. Auditing
  4.  
  5. Auditing
  6.  
  7. Auditing

Exam (elaborations)

Test Bank for Auditing: The Art and Science of Assurance Engagements, 15th Canadian Edition by Arens
 69 views  5 purchases

Test Bank for Auditing: The Art and Science of Assurance Engagements, Canadian Edition, 15th edition 15ce by Alvin A. Arens, Randal J. Elder. ISBN-13: 2089 Full Chapters test banks are included The Demand for Audit and Other Assurance Services The Public Accounting Profession and Audit Quali...

[Show more]

Preview 1 out of 574  pages

Document information

  • July 19, 2023
  • 574
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

All documents for this subject (142)

Seller

avatar-seller
StepsSol

Reviews received

Content preview

Auditing: The Art and Science of Assurance Engagements, 15ce (Arens)
Chapter 1 The Demand for Audit and Other Assurance Services

1.1 Define an assurance engagement.

1) What is the nature of the service provided when an auditor evaluates information using
suitable criteria and issues a report that attests to the reliability of the information?
A) internal audit engagement
B) review engagement
C) compilation engagement
D) attestation engagement
Answer: D
Diff: 2
Learning Objective: 1-1 Define an assurance engagement.

2) The No-Name Agency conducts an independent service for a company to determine if its
suppliers have complied with health and safety regulations, child labour guidelines, and other
employee welfare issues. What type of service is No-Name providing?
A) assurance
B) attest
C) review
D) compilation
Answer: A
Diff: 2
Learning Objective: 1-1 Define an assurance engagement.

3) Which of the following is an example of an attestation engagement?
A) accounting and bookkeeping services for the accounts
B) an audit of internal controls over financial reporting
C) preparation of the annual financial statements with notes
D) completion of provincial and federal tax returns
Answer: B
Diff: 1
Learning Objective: 1-1 Define an assurance engagement.

4) When do individuals and organizations typically need assurance services?
A) usually only when organizations obtain debt or other loans
B) for five years from the start of an organization until debt is retired
C) only when historical data, such as financial information, need to be audited
D) whenever assurance is provided by a practitioner who is independent and unbiased
Answer: D
Diff: 2
Learning Objective: 1-1 Define an assurance engagement.




1

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 StepsSol. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$43.10. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81113 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$43.10  5x  sold
  • (0)
  Add to cart