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Solution Manual For Auditing & Assurance Services: A Systematic Approach, 12th Edition By William Messier Jr, Steven Glover, Verified Chapters 1 - 21, Complete Newest Version$20.49
Solution Manual For Auditing & Assurance Services: A Systematic Approach, 12th Edition By William Messier Jr, Steven Glover, Verified Chapters 1 - 21, Complete Newest Version
TEST BANK For Auditing & Assurance Services: A
Systematic Approach, 12th Edition
Chapters 1 - 21 Complete
,Chapter 1: An Introduction to Assurance and Financial Statement Auditing
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Chapter 2: The Financial Statement Auditing Environment
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Chapter 3: Audit Planning, Types of Audit Tests, and Materiality
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Chapter 4: Risk Assessment
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Chapter 5: Evidence and Documentation
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Chapter 6: Internal Control in a Financial Statement Audit
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Chapter 7: Auditing Internal Control over Financial Reporting
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Chapter 8: Audit Sampling: An Overview and Application to Tests of Controls
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Chapter 9: Audit Sampling: An Application to Substantive Tests of Account Balances
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Chapter 10: Auditing the Revenue Process
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Chapter 11: Auditing the Purchasing Process
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Chapter 12: Auditing the Human Resource Management Process
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Chapter 13: Auditing the Inventory Management Process
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Chapter 14: Auditing the Financing/Investing Process: Prepaid Expenses, Intangible Assets, and Proper
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ty, Plant, and Equipment
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Chapter 15: Auditing the Financing/Investing Process: Long-
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Term Liabilities, Stockholders’ Equity, and Income Statement Accounts
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Chapter 16: Auditing the Financing/Investing Process: Cash and Investments
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Chapter 17: Completing the Audit Engagement
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Chapter 18: Reports on Audited Financial Statements
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Chapter 19: Professional Conduct, Independence, and Quality Management
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Chapter 20: Legal Liability
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Chapter 21: Assurance, Attestation, and Internal Auditing Services
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,Auditing & Assurance Services: A Systematic Approach, 12e (Messier) Chapter 1
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An Introduction to Assurance and Financial Statement Auditing
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1) Auditing focuses on rules, techniques, and computations required to prepare and analyze fida da da da da da da da da da da da
nancial information. da
ANSWER: FALSE Difficulty d a da
:1Easy
a
d a
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Topic: The Importance for Studying Auditing
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Learning Objective: 01- da d a
01 Understand why studying auditing can be valuable to you whether or not you plan to become an au
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ditor, and why it is different from studying accounting.
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Bloom's: Remember AAC d a da
SB: Communication d a
AICPA: BB Legal; FN Decision Making d a da da da da
2) Decision makers demand reliable information that is provided by accountants. da da da da da da da da da
ANSWER: TRUE Difficulty: d a da a
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1Easy
a
d
Topic: The Demand for Auditing and Assurance
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Learning Objective: 01- da d a
02 Understand the demand for auditing and be able to explain the desired characteristics of auditors
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and audit services through an analogy to a house inspector and a house inspection service.
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Bloom's: Understand AAC d a da
SB: Communication d a
AICPA: FN Decision Making; BB Industry d a da da da da
3) Information asymmetry seldom occurs. da da da
ANSWER: FALSE Difficulty d a da
:2Medium
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d a
d
Topic: The Demand for Auditing and Assurance
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Learning Objective: 01- da d a
02 Understand the demand for auditing and be able to explain the desired characteristics of auditors
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and audit services through an analogy to a house inspector and a house inspection service.
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Bloom's: Apply d a
AACSB: Communication d a
AICPA: BB Industry; FN Reporting d a da da da
, 4) Conflicts of interest often occur between absentee owners and managers. da da da da da da da da da
ANSWER: TRUE Difficulty: d a da a
d
2Medium a
d
Topic: The Demand for Auditing and Assurance
d a da da da da da
Learning Objective: 01- da d a
02 Understand the demand for auditing and be able to explain the desired characteristics of auditors
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and audit services through an analogy to a house inspector and a house inspection service.
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Bloom's: Apply d a
AACSB: Communication d a
AICPA: BB Industry; FN Reporting d a da da da
5) Auditing services and attestation services are the same. da da da da da da da
ANSWER: FALSE Difficulty d a da
:1Easy
a
d a
d
Topic: Auditing, Attest, and Assurance Services Defined
d a da da da da da
Learning Objective: 01- da d a
03 Understand the relationships among auditing, attestation, and assurance services.
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Bloom's: Understand AAC d a da
SB: Communication d a
AICPA: BB Industry; FN Reporting d a da da da
6) Auditing is a type of attest service. da da da da da da
ANSWER: TRUE Difficulty: d a da a
d
1Easy a
d
Topic: Auditing, Attest, and Assurance Services Defined
d a da da da da da
Learning Objective: 01- da d a
03 Understand the relationships among auditing, attestation, and assurance services.; 01-
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04 Know the basic definition of a financial statement audit.
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Bloom's: Understand AAC d a da
SB: Communication d a
AICPA: BB Industry; FN Reporting d a da da da
7) Testing all transactions that occurred during the period is cost prohibitive. da da da da da da da da da da
ANSWER: TRUE Difficulty: d a da da
2 Medium Topic: TheAudi
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tProcess
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Learning Objective: 01- da d a
06 Be able to explain why on most audit engagements an auditor tests only a sample of transactions t
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hat occurred. da
Bloom's: Apply d a
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