Exam (elaborations)
TEST BANK For Auditing & Assurance Services: A Systematic Approach, 12th Edition
- Course
- Institution
TEST BANK For Auditing & Assurance Services: A Systematic Approach, 12th Edition
[Show more]
Content preview
TEST BANK For Auditing & Assurance Services: All ll ll ll ll ll ll
ll Systematic Approach, 12th Edition
ll ll ll ll
Chapters 1 - 21 Complete
ll ll ll ll
,
,Chapter 1: An Introduction to Assurance and Financial Statement Auditing
ll ll ll ll ll ll ll ll ll
Chapter 2: The Financial Statement Auditing Environment
ll ll ll ll ll ll
Chapter 3: Audit Planning, Types of Audit Tests, and Materiality
ll ll ll ll ll ll ll ll ll
Chapter 4: Risk Assessment
ll ll ll
Chapter 5: Evidence and Documentation
ll ll ll ll
Chapter 6: Internal Control in a Financial Statement Audit
ll ll ll ll ll ll ll ll
Chapter 7: Auditing Internal Control over Financial Reporting
ll ll ll ll ll ll ll
Chapter 8: Audit Sampling: An Overview and Application to Tests of Controls
ll ll ll ll ll ll ll ll ll ll ll
Chapter 9: Audit Sampling: An Application to Substantive Tests of Account Balances
ll ll ll ll ll ll ll ll ll ll ll
Chapter 10: Auditing the Revenue Process
ll ll ll ll ll
Chapter 11: Auditing the Purchasing Process
ll ll ll ll ll
Chapter 12: Auditing the Human Resource Management Process
ll ll ll ll ll ll ll
Chapter 13: Auditing the Inventory Management Process
ll ll ll ll ll ll
Chapter 14: Auditing the Financing/Investing Process: Prepaid Expenses, Intangible Assets, and
ll ll ll ll ll ll ll ll ll ll
Property, Plant, and Equipment
ll ll ll ll
Chapter 15: Auditing the Financing/Investing Process: Long-Term Liabilities, Stockholders’ Equity,
ll ll ll ll ll ll ll ll ll
and Income Statement Accounts
ll ll ll ll
Chapter 16: Auditing the Financing/Investing Process: Cash and Investments
ll ll ll ll ll ll ll ll
Chapter 17: Completing the Audit Engagement
ll ll ll ll ll
Chapter 18: Reports on Audited Financial Statements
ll ll ll ll ll ll
Chapter 19: Professional Conduct, Independence, and Quality Management
ll ll ll ll ll ll ll
Chapter 20: Legal Liability
ll ll ll
Chapter 21: Assurance, Attestation, and Internal Auditing Services
ll ll ll ll ll ll ll
, Auditing & Assurance Services: A Systematic Approach, 12e (Messier) Chapter 1
ll ll ll ll ll ll ll ll ll ll
lAn Introduction to Assurance and Financial Statement Auditing
l ll ll ll ll ll ll ll
1) Auditing focuses on rules, techniques, and computations required to prepare and analyze
ll ll ll ll ll ll ll ll ll ll ll
financial information.
ll ll
ANSWER: FALSE l l
Difficulty:1Easy
ll l l
Topic: The Importance for Studying Auditing
l l ll ll ll ll
Learning Objective: 01-01 Understand why studying auditing can be valuable to you whether or
ll l l ll ll ll ll ll ll ll ll ll ll ll
not you plan to become an auditor, and why it is different from studying accounting.
ll ll ll ll ll ll ll ll ll ll ll ll ll ll ll
Bloom's: Remember l l
AACSB: Communication
ll ll
AICPA: BB Legal; FN Decision Making
l l ll ll ll ll
2) Decision makers demand reliable information that is provided by accountants.
ll ll ll ll ll ll ll ll ll
ANSWER: TRUE l l
Difficulty:1Easy
ll l l
Topic: The Demand for Auditing and Assurance
l l ll ll ll ll ll
Learning Objective: 01-02 Understand the demand for auditing and be able to explain the
ll l l ll ll ll ll ll ll ll ll ll ll ll
desired characteristics of auditors and audit services through an analogy to a house inspector and
ll ll ll ll ll ll ll ll ll ll ll ll ll ll ll
a house inspection service.
ll ll ll ll
Bloom's: Understand l l
AACSB: Communication
ll ll
AICPA: FN Decision Making; BB Industry
l l ll ll ll ll
3) Information asymmetry seldom occurs. ll ll ll
ANSWER: FALSE l l
Difficulty:2Medium
ll l l
Topic: The Demand for Auditing and Assurance
l l ll ll ll ll ll
Learning Objective: 01-02 Understand the demand for auditing and be able to explain the
ll l l ll ll ll ll ll ll ll ll ll ll ll
desired characteristics of auditors and audit services through an analogy to a house inspector and
ll ll ll ll ll ll ll ll ll ll ll ll ll ll ll
a house inspection service.
ll ll ll ll
Bloom's: Apply l l
AACSB: Communication l l
AICPA: BB Industry; FN Reporting
l l ll ll ll
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 STUVATE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now