Exam (elaborations)

Test Bank for Principles of Auditing and Other Assurance Services 2024 Release by Whittington (All Chapters included)

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Course
Audit

Institution
Audit

Complete Test Bank for Principles of Auditing and Other Assurance Services 2024 Release by Ray Whittington and Kurt Pany ; ISBN13: 9781265221317.....(Full Chapters included and organized in reverse order Chapter 21 to 1)...Chapter 1: The Role of the Public Accountant in the American Economy Chapte...

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Uploaded on September 16, 2024
Number of pages 459
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

quiz bank
exam practice
principles
auditing
assurance
services
2024 release
whittington
9781265221317
exam bank
practice quizzes
test bank

Institution Audit
Course Audit

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TEST BANK

Principles of Auditing and Other
Assurance Services
2024 Release by Ray Whittington

Complete Chapters Test Bank
are included (Ch 1 to 21)

** Immediate Download
** Swift Response
** All Chapters included

,Table of Contents are given below

Chapter 1: The Role of the Public Accountant in the American Economy
Chapter 2: Professional Standards
Chapter 3: Professional Ethics
Chapter 4: Legal Liability of CPAs
Chapter 5: Audit Evidence and Documentation
Chapter 6: Audit Planning, Understanding the Client, Assessing Risks, and
Responding
Chapter 7: Internal Control
Chapter 8: Consideration of Internal Control in an Information Technology
Environment
Chapter 9: Audit Sampling
Chapter 10: Cash and Financial Investments
Chapter 11: Accounts Receivable, Notes Receivable, and Revenue
Chapter 12: Inventories and Cost of Goods Sold
Chapter 13: Property, Plant, and Equipment: Depreciation and Depletion
Chapter 14: Accounts Payable and Other Liabilities
Chapter 15: Debt and Equity Capital
Chapter 16: Auditing Operations and Completing the Audit
Chapter 17: Auditors' Reports
Chapter 18: Integrated Audits of Public Companies
Chapter 19: Additional Assurance Services: Historical Financial Information
Chapter 20: Additional Assurance Services: Other Information
Chapter 21: Internal, Operational, and Compliance Auditing

,The test bank is organized in reverse order, with the last chapter
displayed first, to ensure that all chapters are included in this
document. (Complete Chapters included Ch21-1)

Chap 21 2024 Release
1) The work of internal auditors is primarily for the benefit of shareholders and potential
investors.
⊚ true
⊚ false

2) The first internal auditors were primarily concerned with financial and accounting functions.
⊚ true
⊚ false

3) The passage of the Foreign Corrupt Practices Act increased the demand for internal auditing.
⊚ true
⊚ false

4) Independence and Objectivity is one of the sections of attribute standards in the IIA's
Standards of the Professional Practice of Internal Auditing.
⊚ true
⊚ false

5) In operational auditing, the preliminary survey serves as a guide for the development of the
audit program.
⊚ true
⊚ false

6) When no weaknesses in internal control are discovered during an operational audit, the
appropriate report will be either standard unqualified or unqualified with explanatory
language.
⊚ true
⊚ false

1

, 7) Compliance audits are primarily concerned with whether an organization follows appropriate
laws and regulations.
⊚ true
⊚ false

8) Compliance procedures are tests of an organization's controls.
⊚ true
⊚ false

9) In an audit in accordance with Government Auditing Standards, the auditors are required to
perform tests beyond those of an audit in accordance with generally accepted auditing
standards relating to internal control over major federal assistance programs.
⊚ true
⊚ false

10) In an audit in accordance with the Single Audit Act of 1984, the auditors must test
compliance with the significant requirements of all major programs.
⊚ true
⊚ false

11) When auditing an entity's financial statements in accordance with Government Auditing
Standards (the "Yellow Book"), an auditor is required to report on:
A) Noteworthy accomplishments of the program only.
B) The scope of the auditor’s testing of internal controls only.
C) Both noteworthy accomplishments of the program and the scope of the auditor’s
testing of internal controls.
D) Neither noteworthy accomplishments of the program nor the scope of the auditor’s
testing of internal controls.

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Exam (elaborations)

Test Bank for Principles of Auditing and Other Assurance Services 2024 Release by Whittington (All Chapters included)

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