Test Bank for Auditing & Assurance Services, 4th Canadian Edition by William F. Messier
Cours
Auditing
Établissement
Auditing
Test Bank for Auditing & Assurance Services 4ce 4th Canadian Edition by William F. Messier, Steven M. Glover, Douglas F. Prawitt, Naomi Paisley, Gregory Springate. Full Chapters test bank are included - Chapter 1 to 21
PART ONE: INTRODUCTION TO ASSURANCE AND FINANCIAL STATEMENT AUDITING
CHAPT...
Chapter 01 4ce
1) Auditing focuses on rules, techniques, and computations required to prepare and analyze
financial information.
⊚ true
⊚ false
2) Decision makers demand reliable information that is provided by accountants.
⊚ true
⊚ false
3) Information asymmetry seldom occurs.
⊚ true
⊚ false
4) Conflicts of interest often occur between absentee owners and managers.
⊚ true
⊚ false
5) Auditing services and attest services are the same.
⊚ true
⊚ false
6) Auditing is a type of attest service.
⊚ true
⊚ false
7) Testing all transactions that occurred during the period is cost prohibitive.
⊚ true
⊚ false
1
, 8) Why do auditors generally use a sampling approach to evidence gathering?
A) Auditors are experts and do not need to look at much to know whether the financial
statements are correct or not.
B) Auditors must balance the cost of the audit with the need for precision.
C) Auditors must limit their exposure to their auditee to maintain independence.
D) The auditor's relationship with the auditee is generally adversarial, so the auditor will
not have access to all of the financial information of the company.
9) Which of the following statements best describes a relationship between sample size and
other elements of auditing?
A) If materiality increases, so will the sample size.
B) If the desired level of assurance increases, sample sizes can be smaller.
C) If materiality decreases, sample size will need to increase.
D) There is no relationship between sample size and materiality or the desired level of
assurance.
10) Which of the following statements about the study of auditing is NOT true?
A) The study of auditing can be valuable to future accountants and business decision
makers whether or not they plan to become auditors.
B) The study of auditing focuses on learning the analytical and logical skills necessary to
evaluate the relevance and reliability of information.
C) The study of auditing focuses on learning the rules, techniques, and computations
required to analyze financial statements.
D) The study of auditing begins with the understanding of a coherent logical framework
and techniques useful for gathering and analyzing evidence about others' assertions.
11) The basic definition of auditing states it is a process to:
A) detect fraud.
B) examine individual transactions so that the auditor may certify as to their validity.
C) objectively obtain and evaluate evidence regarding assertions.
D) assure the consistent application of correct accounting procedures.
2
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur Tutor247. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €36,85. Vous n'êtes lié à rien après votre achat.
