100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
Test Bank for -Principles of Auditing and Other Assurance Services 22nd Edition by Ray Whittington, Kurt Pany,newest version 2024|25 A+ €20,48   In winkelwagen
Snel navigeren naar
Voorbeeld
  2.  
  3. Principles Of Auditing
  4.  
  5. Principles of Auditing

Tentamen (uitwerkingen)

Test Bank for -Principles of Auditing and Other Assurance Services 22nd Edition by Ray Whittington, Kurt Pany,newest version 2024|25 A+
 20 keer bekeken  1 keer verkocht
  • Vak
  • Principles of Auditing
  • Instelling
  • Principles Of Auditing
  • Boek
  • Auditing & Assurance Services

Test Bank for -Principles of Auditing and Other Assurance Services 22nd Edition by Ray Whittington, Kurt Pany,newest version 2024|25 A+Test Bank for -Principles of Auditing and Other Assurance Services 22nd Edition by Ray Whittington, Kurt Pany,newest version 2024|25 A+Test Bank for -Principles of ...

[Meer zien]

Voorbeeld 4 van de 516  pagina's

Document informatie

  • 20 september 2024
  • 516
  • 2024/2025
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden

Onderwerpen

  • test bank for principles
  • principles of auditing
  • assurance services
  • 22nd edition
  • 2024 release by whittington
  • test bank for principles of auditing and other as

Gekoppeld boek

book image

Titel boek:

Auteur(s):

  • Uitgave:
  • ISBN:
  • Druk:

Meer samenvattingen voor studieboek

  • Test Bank - for Auditing & Assurance Services 9th Edition by Timothy Louwers, Jerry Strawser, All Chapters |Complete Guide A+
Alles voor dit studieboek (2)

Geschreven voor

  • Principles of Auditing
  • Principles of Auditing

Verkoper

avatar-seller
QUIVERS

Ontvangen beoordelingen

Voorbeeld van de inhoud

Test Bank for Principles of Auditing and Other Assurance Services
22nd Edition by Ray Whittington, Kurt Pany 2024|25 A+




A+ Page 1
#

,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.
# # # # # # # # #



#




2) The Sarbanes-Oxley Act of 2002 made significant reforms for public companies and their
# # # # # # # # # # # #




# auditors.

A+ Page 2
#

,a. Describe 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 auditors 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 two 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 discussion 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. #



#



6) The Statements on Auditing Standards have been issued by the:
# # # # # # # # #




A+ Page 3 #

, A) Auditing Standards Board. # #




B) Financial Accounting Standards Board.
# # #




C) Securities and Exchange Commission. # # #




D) Federal Bureau of Investigation.
# # #




7) The risk that a company’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 following 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 organization charged with protecting investors and the public by requiring full
# # # # # # # # # # #




# disclosure of financial information by companies offering securities to the public is the:
# # # # # # # # # # # #




A+ Page 4
#

Voordelen van het kopen van samenvattingen bij Stuvia op een rij:

√ Verzekerd van kwaliteit door reviews

√ Verzekerd van kwaliteit door reviews

Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!

Snel en makkelijk kopen

Snel en makkelijk kopen

Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.

Focus op de essentie

Focus op de essentie

Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper QUIVERS. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €20,48. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 62555 samenvattingen verkocht

Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen

Start met verkopen
€20,48  1x  verkocht
  • (0)
  Kopen