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 & Assurance Services A Systematic Approach 12th Edition by William Messier Jr, Steven Glover, Douglas Prawit || Complete Solution ||Grade A+. $17.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Auditing & Assurance Services A Systematic Approa
  4.  
  5. Auditing & Assurance Services A Systematic Approa

Exam (elaborations)

Test Bank for Auditing & Assurance Services A Systematic Approach 12th Edition by William Messier Jr, Steven Glover, Douglas Prawit || Complete Solution ||Grade A+.
 0 purchase
  • Course
  • Auditing & Assurance Services A Systematic Approa
  • Institution
  • Auditing & Assurance Services A Systematic Approa

Test Bank for Auditing & Assurance Services A Systematic Approach 12th Edition by William Messier Jr, Steven Glover, Douglas Prawit || Complete Solution ||Grade A+.Test Bank for Auditing & Assurance Services A Systematic Approach 12th Edition by William Messier Jr, Steven Glover, Douglas Prawit || ...

[Show more]

Preview 4 out of 1012  pages

Document information

  • October 9, 2024
  • 1012
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • test bank for auditing assurance services a syst
  • auditing assurance services a systematic approac

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

All for this textbook (82)

Written for

  • Auditing & Assurance Services A Systematic Approa
  • Auditing & Assurance Services A Systematic Approa

Seller

avatar-seller
DREAMS

Reviews received

Content preview

TEST BANK FOR ij ij




Auditing & Assurance Services A Systematic Approach 12e Messier
ij ij ij ij ij ij ij ij




ij Chapter 1-21 Answers are at the End of Each Chapterij ij ij ij ij ij ij ij




Chapter 1 ij




Student name: ij




1) Why do auditors often use a sampling approach to evidence gathering?
ij ij ij ij ij ij ij ij ij ij




1) ij




A) Auditors are experts and do not need to look at much to know whether the financial
ij ij ij ij ij ij ij ij ij ij ij ij ij ij ij




statements are correct or not.
ij ij ij ij ij




B) Auditors must balance the cost of the audit with the need for precision and for some types of
ij ij ij ij ij ij ij ij ij ij ij ij ij ij ij ij ij




evidence, computer data analytic approaches can’t be used.
ij ij ij ij ij ij ij ij




C) Auditors must limit their exposure to their auditee to maintain independence.
ij ij ij ij ij ij ij ij ij ij




D) The auditor's relationship with the auditee is generally adversarial, so the auditor will not
ij ij ij ij ij ij ij ij ij ij ij ij ij




have access to all of the financial information of the company.
ij ij ij ij ij ij ij ij ij ij ij




Question Details ij



AACSB : Communication ij i j



AICPA : FN Decision Making
ij ij ij ij ij



Accessibility : Keyboard Navigation ij ij ij



Difficulty : 1 Easy
ij ij ij ij



AICPA : BB Industry
ij ij ij



Bloom's : Understand
ij ij ij



Learning Objective : 01-05 Understand why sampling is important in an audit.
ij ij ij ij ij ij ij ij ij ij ij



Gradable : automatic
ij ij ij



Accessibility : Screen Reader Compatible ij ij ij ij



Topic : The Audit Process
ij ij ij ij ij




2) Which of the following statements best describes a relationship between sample size and
ij ij ij ij ij ij ij ij ij ij ij ij




other elements of auditing?
ij ij ij ij




2) ij

, A) If materiality increases, so will the sample size. ij ij ij ij ij ij ij




B) If the desired level of assurance increases, sample sizes can be smaller.
ij ij ij ij ij ij ij ij ij ij ij




C) If materiality decreases, sample size will need to increase.
ij ij ij ij ij ij ij ij




D) There is no relationship between sample size and materiality or the desired level of ij ij ij ij ij ij ij ij ij ij ij ij ij




ij assurance.



Question Details ij



Accessibility : Keyboard Navigation ij ij ij



Bloom's : Apply
ij ij ij



Difficulty : 2 Medium ij ij ij



AICPA : BB Critical Thinking
ij ij ij ij



AACSB
ij : Analytical ij i j



Thinking AICPA : FN Risk
ij ij ij ij ij



Analysis
ij



Learning Objective : 01-05 Understand why sampling is important in an audit.
ij ij ij ij ij ij ij ij ij ij ij



Gradable : automatic
ij ij ij



Accessibility : Screen Reader Compatible ij ij ij ij



Topic : The Audit Process
ij ij ij ij ij




3) Which of the following statements about the study of auditing is NOT true?
ij ij ij ij ij ij ij ij ij ij ij ij




3) ij




A) The study of auditing can be valuable to future accountants and business decision makers
ij ij ij ij ij ij ij ij ij ij ij ij ij




whether or not they plan to become auditors.
ij ij ij ij ij ij ij ij




B) The study of auditing focuses on learning the analytical and logical skills necessary to
ij ij ij ij ij ij ij ij ij ij ij ij ij




evaluate the relevance and reliability of information.
ij ij ij ij ij ij ij




C) The study of auditing focuses on learning the rules, techniques, and computations required to
ij ij ij ij ij ij ij ij ij ij ij ij ij




analyze financial statements for making investment recommendations.
ij ij ij ij ij ij ij




D) The study of auditing begins with the understanding of a coherent logical framework and
ij ij ij ij ij ij ij ij ij ij ij ij ij




techniques useful for gathering and analyzing evidence about others’ assertions.
ij ij ij ij ij ij ij ij ij ij

,Question Details ij



AACSB : Communication ij i j



AICPA : FN Decision Making
ij ij ij ij ij



Accessibility : Keyboard Navigation ij ij ij



Learning Objective : 01-01 Understand why studying auditing can be valuable to you whether or not you
ij ij ij ij ij ij ij ij ij ij ij ij ij ij ij ij



AICPA : BB Industry
ij ij ij ij



Difficulty : 2 Medium ij ij ij



Bloom's : Analyze
ij ij ij



Gradable : automatic
ij ij ij



Accessibility : Screen Reader Compatible ij ij ij ij



Topic : The Importance for Studying Auditing
ij ij ij ij ij ij ij




4) The basic definition of auditing essentially indicates that, overall, auditing is a process to:
ij ij ij ij ij ij ij ij ij ij ij ij ij




4) ij




A) detect fraud. ij




B) examine individual transactions so that the auditor may certify as to their validity.
ij ij ij ij ij ij ij ij ij ij ij ij




C) objectively obtain and evaluate evidence regarding assertions made by another party. ij ij ij ij ij ij ij ij ij ij




D) assure the consistent application of correct accounting procedures.
ij ij ij ij ij ij ij




Question Details ij



AACSB : Communication ij i j



Accessibility : Keyboard Navigation
ij ij ij ij



Bloom's : Remember
ij ij ij



Difficulty : 1 Easy ij ij ij



AICPA : FN Reporting
ij ij ij ij



Learning Objective : 01-03 Know the basic definition of a financial statement audit.
ij ij ij ij ij ij ij ij ij ij ij ij



AICPA : BB Critical Thinking
ij ij ij ij ij



Gradable : automatic ij ij



Accessibility : Screen Reader Compatible ij ij ij ij



Topic : Auditing, Attest, and Assurance Services Defined
ij ij ij ij ij ij ij




5) Assurance services may improve all of the following except: ij ij ij ij ij ij ij ij




5) ij

, A) relevance.
B) credibility.
C) periodicity.
D) reliability.



Question Details ij



AACSB : Communicationij i j



Accessibility : Keyboard Navigation
ij ij ij ij



Bloom's : Remember
ij ij ij



Difficulty : 1 Easy ij ij ij



AICPA : BB Industry
ij ij ij ij



AICPA : FN Reporting
ij ij ij ij



Learning Objective : 01-03 Know the basic definition of a financial statement audit.
ij ij ij ij ij ij ij ij ij ij ij ij



Gradable : automatic
ij ij ij



Accessibility : Screen Reader Compatible ij ij ij ij



Topic : Auditing, Attest, and Assurance Services Defined
ij ij ij ij ij ij ij




6) Evidence is reliable if it: ij ij ij ij




6) ij




A) signals the true state of a management assertion. ij ij ij ij ij ij ij




B) applies to the period being audited. ij ij ij ij ij




C) relates to the audit assertion being tested. ij ij ij ij ij ij




D) is sufficient to justify a conclusion. ij ij ij ij ij




Question Details ij



Accessibility : Keyboard Navigation ij ij ij



Difficulty : 1 Easy
ij ij ij ij



Bloom's : Understand
ij ij



Learning Objective : 01-04 Understand the fundamental concepts that underlie financial statement audi
ij ij ij ij ij ij ij ij ij ij ij ij



AICPA : BB Critical Thinking
ij ij ij ij ij



AACSB : Analytical Thinking
ij i j ij



AICPA : FN Measurement
ij ij ij ij



Topic : Fundamental Concepts in Conducting a Financial Statement Audit
ij ij ij ij ij ij ij ij ij



Gradable : automatic
ij ij ij



Accessibility : Screen Reader Compatible ij ij ij ij

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 DREAMS. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $17.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64302 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) ·

(0)

Pharmacology for Health Professionals, 6th Edition by Kathleen Knights, Andrew Rowland , Shaunagh Darroch & Mary Bushell - Complete, Elaborated and Latest(Test Bank)

Exam (elaborations) ·

(1)

Test Bank For Introduction to Operations and Supply Chain Management 5th Edition By Cecil Bozarth, Robert Handfield (All Chapters, 100% Original Verified, A+ Grade)

Exam (elaborations) ·

(1)

2023 EVOLVE HESI FUNDAMENTALS VERSION 1,2& 3 ACTUAL EXAM EACH VERSION CONTAINS 55 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES|ALREADY GRADED A+ (BRAND NEW!!)

Exam (elaborations) ·

(0)

MATH 110 Module 10 Exam (Latest-2023) / MATH110 Module 10 Exam/ MATH 110 Statistics Module 10 Exam/ MATH110 Statistics Module 10 Exam: Portage Learning |100% Correct Q & A|

Exam (elaborations) ·

(0)

Test Bank For Growth and Development Across the Lifespan A Health Promotion Focus 3rd Edition by Gloria Leifer; Eve Fleck 9780323809405 Chapter 1-16 Complete Guide.

Exam (elaborations) ·

(0)

RNSG 1125 Professional Nursing Concepts I Final Exam Blueprint - Fall 2024, 1125 final reflection questions, 1125 final study Giddens Questions With Complete Solutions

Class notes ·

(0)

CLINICAL PRACTICE GUIDELINES FOR HYPOTHYROIDISM IN ADULTS: COSPONSORED BY THE AMERICAN ASSOCIATION OF CLINICAL ENDOCRINOLOGISTS AND THE AMERICAN THYROID ASSOCIATION

Exam (elaborations) ·

(0)

Understanding the International Environment and Global Business Functions Questions & Answers Ed by Julian Gaspar, Antonio Arreola-Risa (A+ GRADED 100% VERIFIED)

Exam (elaborations) ·

(0)

Instructor Manual For Report Writing for Criminal Justice Professionals 5th Edition By Larry Miller, John Whitehead (All Chapters, 100% Original Verified, A+ Grade)
$17.99
  • (0)
Add to cart
Added