Garantie de satisfaction à 100% Disponible immédiatement après paiement En ligne et en PDF Tu n'es attaché à rien
Recherché précédemment par vous
TEST BANK - Principles of Auditing and Other Assurance Services 22nd Edition by Ray Whittington, Kurt Pany| Complete Verified Chapter's €14,33
Ajouter au panier
Loose Leaf for Principles of Auditing & Other Assurance Services
This is a bank of tests (study questions) to help you prepare for the tests. To clarify, this is a test bank, not a textbook. You have immediate access to download your test bank. No delays, loading is fast and instant immediately after Purchase!
principles of auditing and other assurance service
test bank
Livre connecté
Titre de l’ouvrage:
Auteur(s):
Édition:
ISBN:
Édition:
Plus de résumés pour
TEST BANK Principles of Auditing and Other Assurance Services 22nd Edition by Whittington All chapters ISBN:9781264111817
TEST BANK - Principles of Auditing and Other Assurance Services 22nd Edition by Ray Whittington, Kurt Pany| Complete Verified Chapter's
Test Bank for -Principles of Auditing and Other Assurance Services 22nd Edition by Ray Whittington, Kurt Pany,newest version 2024|25 A+
Tout pour ce livre (7)
École, étude et sujet
Principles of Auditing and Other Assurance Servi
Principles of Auditing and Other Assurance Servi
1
vérifier
Par: ngann4880 • 2 mois de cela
Vendeur
S'abonner
STUDYMERIT2022
Avis reçus
Aperçu du contenu
Version 1 1 Full Test Bank for Principles of Auditing and Other Assurance Services 22nd Edition by Ray Whittington, Kurt Pany Answers are at the end of each chapter Chapter 1 Student name:__________ 1) Accountants are regulated by a variety of organizations. Match the statements with the most directly related organization: ● Accounting and Review Services Committee. ● American Institute of Certified Public Accountants. ● Auditing Standards Board. ● Federal Accounting Standards Advisory Board. ● Financial Accounting Standards Board. ● General Accounting Office. ● Government Accounting Standards Board. ● Public Company Accounting Oversight Board. ● Securities and Exchange Commission. ● State Boards of Accountancy. Organizations may be used once, more than once, or not at all. Statements Organizations A. Develops accounting standards for public and nonpublic companies. B. Develops accounting standards for the U.S. Government. C. Improves standards of financial accounting for state and local government entities. D. Issues auditing standards for public companies. E. Issues CPA certificates. F. Prepares the CPA exam. Organizations: American Institute of Certified Public Accountants, Federal Accounting Standards Advisory Board, Financial Accounting Standards Board, Government Accounting Standards Board, Public Company Accounting Oversight Board, State Boards of Accountancy. Version 1 2 2) The Sarbanes -Oxley Act of 2002 made significant reforms for public companies and their auditors. a. Descri be the events that led up to the passage of the Act. b. Describe the major changes made by the Act. 3) Many people confuse the responsibilities of the independent auditors and the client's management with respect to audited financial statements. a. Describe management's responsibility regarding audited financial statements. b. Describe the independent auditors' responsibility regarding audited financial statements. c. Evaluate the following statement: "If the auditor s disagree with management regarding an accounting principle used in the financial statements, the auditors should express their views in the notes to the financial statements." 4) An investor is considering investing in one of tw o companies. The companies have very similar reported financial position and results of operations. However, only one of the companies has its financial statements audited. a. Describe what creates the demand for an audit in this situation. Include a di scussion of how audited financial statements facilitate this investment transaction, and the effect of the audit on business risk and information risk. b. Identify the potential consequences to the company of not having its financial statements audited. 5) A summary of findings rather than assurance is most likely to be included in a(n): A) Agreed -upon procedures report. B) Compilation report. C) Audit report. D) Review report. Version 1 3 6) The Statemen ts on Auditing Standards have been issued by the: A) Auditing Standards Board. B) Financial Accounting Standards Board. C) Securities and Exchange Commission. D) Federal Bureau of Investigation. 7) The risk that a compan y’s financial statements will materially depart from generally accepted accounting principles is referred to as: A) Business Risk. B) Information Risk. C) Detection Risk. D) Document Risk. 8) Historically, which of the f ollowing has the AICPA been most concerned with providing? A) Auditing standards. B) Professional guidance for regulating financial markets. C) Internal auditing standards. D) Staff support to Congress. 9) The organizati on charged with protecting investors and the public by requiring full disclosure of financial information by companies offering securities to the public is the: A) Auditing Standards Board. B) Financial Accounting Standards Board. C) Gove rnment Accounting Standards Boards. D) Securities and Exchange Commission. Version 1 4 10) An engagement in which a CPA firm arranges for a critical review of its practices by another CPA firm is referred to as a(n): A) Peer Review Engagem ent. B) Quality Control Engagement. C) Quality Assurance Engagement. D) Attestation Engagement. 11) The sequentially -numbered pronouncements issued by the Auditing Standards Board over a period of years are known as: A) Auditing Statements of Position (ASPs). B) Accounting Series Releases (ASRs). C) Statements on Auditing Standards (SASs). D) Statements on Auditing Principles (SAPs). 12) Government Accountability Office (GAO): A) is primarily concerned with rapid processing of all accounts payable incurred by the federal government. B) responsibilities include audits of government agencies. C) is an organization of professional accountants whose primary interest is in the effec tiveness of presidential expenditures. D) is primarily concerned with budgets and forecasts approved by the PCAOB. 13) The risk associated with survivability and profitability is referred to as:
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 STUDYMERIT2022. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €14,33. Vous n'êtes lié à rien après votre achat.
