Test Bank for Auditing & Assurance Services A Systematic Approach 12th edition [Messier 2024] || All Chapter ( 1-21 ) A+.Test Bank for Auditing & Assurance Services A Systematic Approach 12th edition [Messier 2024] || All Chapter ( 1-21 ) A+.Test Bank for Auditing & Assurance Services A Systematic ...
Auditing & Assurance Services A Systematic Approach 12e Messier
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ju Chapter 1-21 Answers are at the End of Each Chapter
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Chapter 1 ju
1) Why do auditors often use a sampling approach to evidence gathering?
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A) Auditors are experts and do not need to look at much to know whether the financial 1)
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statements are correct or not.
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B) Auditors must balance the cost of the audit with the need for precision and for some types of
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evidence, computer data analytic approaches can’t be used.
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C) Auditors must limit their exposure to their auditee to maintain independence.
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D) The auditor's relationship with the auditee is generally adversarial, so the auditor will not
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have access to all of the financial information of the company.
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Question Details ju
AACSB : Communication
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AICPA : FN Decision Making
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Accessibility : Keyboard Navigation ju ju ju
Difficulty : 1 Easy
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AICPA : BB Industry
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Bloom's : Understand
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Learning Objective : 01-05 Understand why sampling is important in an audit.
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Gradable : automatic
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Accessibility : Screen Reader Compatible ju ju ju ju
Topic : The Audit Process
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2) Which of the following statements best describes a relationship between sample size and
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other elements of auditing?
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2) ju
, A) If materiality increases, so will the sample size.
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B) If the desired level of assurance increases, sample sizes can be smaller.
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C) If materiality decreases, sample size will need to increase.
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D) There is no relationship between sample size and materiality or the desired level of
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ju assurance.
Question Details ju
Accessibility : Keyboard Navigation ju ju ju
Bloom's : Apply
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Difficulty : 2 Medium ju ju ju
AICPA : BB Critical Thinking
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AACSB
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Thinking AICPA : FN Risk
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Analysis
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Learning Objective : 01-05 Understand why sampling is important in an audit.
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Gradable : automatic
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Accessibility : Screen Reader Compatible ju ju ju ju
Topic : The Audit Process
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3) Which of the following statements about the study of auditing is NOT true?
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3) ju
A) The study of auditing can be valuable to future accountants and business decision makers
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whether or not they plan to become auditors.
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B) The study of auditing focuses on learning the analytical and logical skills necessary to
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evaluate the relevance and reliability of information.
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C) The study of auditing focuses on learning the rules, techniques, and computations required to
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analyze financial statements for making investment recommendations.
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D) The study of auditing begins with the understanding of a coherent logical framework and
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techniques useful for gathering and analyzing evidence about others’ assertions.
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