Stichworte audit

Stichworte: audit

In planning an IS audit, the MOST critical step is the identification of the

In planning an IS audit, the MOST critical step is the identification of the

How internal auditing helps the organization achieve its goals and objective?

How internal auditing helps the organization achieve its goals and objective?

Which of the following is identified as what you will want to examine in a social media audit?

Which of the following is identified as what you will want to examine in a social media audit?

Which of the following statement is generally correct about the reliability of the audit evidence?

Which of the following statement is generally correct about the reliability of the audit evidence?

Which statement is incorrect regarding the nature of further audit procedures?

Which statement is incorrect regarding the nature of further audit procedures?

An internal auditor assigned to audit a vendor compliance with product quality

An internal auditor assigned to audit a vendor compliance with product quality

In performing an audit of financial statements, the auditor should obtain a sufficient knowledge

In performing an audit of financial statements, the auditor should obtain a sufficient knowledge

Which of the following statements does not properly describe a limitation of an audit

Which of the following statements does not properly describe a limitation of an audit

Why should internal audit activities be connected and appropriate to the risk management process as an auditor for a company?

Why should internal audit activities be connected and appropriate to the risk management process as an auditor for a company?

Key audit matters may be included in a nonpublic company audit report with a(n)

Key audit matters may be included in a nonpublic company audit report with a(n)

Which one of the following would be considered the most reliable type of audit evidence

Which one of the following would be considered the most reliable type of audit evidence

Which of the following statements is incorrect about audit planning documentation

Which of the following statements is incorrect about audit planning documentation

Which of the following items are the same for public and nonpublic company standard audit reports

Which of the following items are the same for public and nonpublic company standard audit reports

What is the main purpose of the standards for professional practice of internal auditing?

What is the main purpose of the standards for professional practice of internal auditing?

What type of audit test will auditors use when testing to see if existing capital stock transactions are recorded?

What type of audit test will auditors use when testing to see if existing capital stock transactions are recorded?

What techniques should the auditor use in assessing the risk of material misstatements?

What techniques should the auditor use in assessing the risk of material misstatements?

What technique should the auditor use in assessing the risk of material misstatement?

What technique should the auditor use in assessing the risk of material misstatement?

Which of the following is not normally performed in the planning stage of the audit *?

Which of the following is not normally performed in the planning stage of the audit *?

Which of the following matters is generally included in the auditors engagement letter?

Which of the following matters is generally included in the auditors engagement letter?

Which type of testing is most important to perform during a project audit to help ensure business objectives are met?

Which type of testing is most important to perform during a project audit to help ensure business objectives are met?

Which of the following statements would be least likely to be included in an audit engagement letter

Which of the following statements would be least likely to be included in an audit engagement letter

Which of the following is a government audit by the SEC that relates to internal controls

Which of the following is a government audit by the SEC that relates to internal controls

When the auditor concludes that there is substantial doubt about the entitys ability to continue as a going concern the appropriate audit report would be?

When the auditor concludes that there is substantial doubt about the entitys ability to continue as a going concern the appropriate audit report would be?

The audit of year-end inventories should include steps to verify that the clients purchases

The audit of year-end inventories should include steps to verify that the clients purchases

Concept of social accounting, social audit and cash Based single entry system of accounting MCQ

Concept of social accounting, social audit and cash Based single entry system of accounting MCQ

An IS auditor performing an audit of the risk assessment process should FIRST confirm that

An IS auditor performing an audit of the risk assessment process should FIRST confirm that

The auditors will not ordinarily initiate discussion with the audit committee concerning the:

The auditors will not ordinarily initiate discussion with the audit committee concerning the:

Which of the following is a principle underlying an audit conducted in accordance with generally?

Which of the following is a principle underlying an audit conducted in accordance with generally?

What is a social audit and why do companies perform them what factors would you consider in your social audit of Warby Parker?

What is a social audit and why do companies perform them what factors would you consider in your social audit of Warby Parker?

Which of the following best describes the objective of an IS auditor discussing the audit findings with the auditee?

Which of the following best describes the objective of an IS auditor discussing the audit findings with the auditee?

An audit checks whether controls are appropriate, installed correctly, and addressing their purpose

An audit checks whether controls are appropriate, installed correctly, and addressing their purpose

The aicpa allows an auditor to perform which of the following services for an audit client?

The aicpa allows an auditor to perform which of the following services for an audit client?

What are the responsibilities of the independent auditor in the audit of financial statements?

What are the responsibilities of the independent auditor in the audit of financial statements?

The overall objectives of the independent auditor in conducting financial statement audits is

The overall objectives of the independent auditor in conducting financial statement audits is

Which of the following is NOT required documentation in an audit in accordance with generally accepted?

Which of the following is NOT required documentation in an audit in accordance with generally accepted?

Which of the following bodies enforce the audit requirements of the Employee Retirement Security Act of 1974 Erisa with respect to employee benefit plans?

Which of the following bodies enforce the audit requirements of the Employee Retirement Security Act of 1974 Erisa with respect to employee benefit plans?

How would an auditor normally obtain sufficient appropriate audit evidence regarding the existence and condition of inventory?

How would an auditor normally obtain sufficient appropriate audit evidence regarding the existence and condition of inventory?

Which of the following are considered the three components of internal auditing value?

Which of the following are considered the three components of internal auditing value?

What is the difference between financial statement auditing and financial accounting?

What is the difference between financial statement auditing and financial accounting?

What is meant by audit committee who are its members and what are its responsibilities?

What is meant by audit committee who are its members and what are its responsibilities?

Which organization sets standards for and regulates firms who do not audit public companies?

Which organization sets standards for and regulates firms who do not audit public companies?

Which of the following types of audit evidence is best defined as the proof of a fact without reliance on presumptions for support?

Which of the following types of audit evidence is best defined as the proof of a fact without reliance on presumptions for support?

Which of the following factors should an internal auditor consider when planning an audit of an activity?

Which of the following factors should an internal auditor consider when planning an audit of an activity?

Which of the following is normally a responsibility of the audit committee with regard to the internal audit function group of answer choices?

Which of the following is normally a responsibility of the audit committee with regard to the internal audit function group of answer choices?

Which of the following is normally a responsibility of the audit committee with regard to the internal?

Which of the following is normally a responsibility of the audit committee with regard to the internal?

An audit engagement procedure for evaluating whether an online ordering system is efficient is to

An audit engagement procedure for evaluating whether an online ordering system is efficient is to

Updating the audit universe is useful in developing the internal audit plan. the audit universe

Updating the audit universe is useful in developing the internal audit plan. the audit universe

Which of the following audit procedures is performed by the auditor only to detect material misstatements at the assertion level?

Which of the following audit procedures is performed by the auditor only to detect material misstatements at the assertion level?

Which assertion is defined as transactions and events that have been recorded or disclosed have occurred and such transactions and events pertain to the entity?

Which assertion is defined as transactions and events that have been recorded or disclosed have occurred and such transactions and events pertain to the entity?

What is it called when the auditors develop supporting evidence for amounts posted to account balances with documentary evidence that process?

What is it called when the auditors develop supporting evidence for amounts posted to account balances with documentary evidence that process?

Which risk will increase when an auditor performs substantive analytical procedures for financial statement accounts at an interim date as opposed to year

Which risk will increase when an auditor performs substantive analytical procedures for financial statement accounts at an interim date as opposed to year

Which of the following types of risk increases when an auditor performs substantive analytical audit procedures for financial statement accounts at an interim date?

Which of the following types of risk increases when an auditor performs substantive analytical audit procedures for financial statement accounts at an interim date?

When is it permissible to issue financial statements that contain a material departure from GAAP

When is it permissible to issue financial statements that contain a material departure from GAAP

How substantive audit procedures are performed by the auditor in an audit of financial statements?

How substantive audit procedures are performed by the auditor in an audit of financial statements?

Which of the following is most likely the first step an auditor would perform at the beginning of an initial audit engagement?

Which of the following is most likely the first step an auditor would perform at the beginning of an initial audit engagement?

Which of the following is a basic tool used by the auditors to control the audit work and review the progress of the audit?

Which of the following is a basic tool used by the auditors to control the audit work and review the progress of the audit?

What is the purpose of private meetings between the audit committee and the auditors both external and internal?

What is the purpose of private meetings between the audit committee and the auditors both external and internal?

What are the factors the auditor should consider when obtaining sufficient appropriate audit evidence?

What are the factors the auditor should consider when obtaining sufficient appropriate audit evidence?

Which of the following audit procedures is the most appropriate when internal control over cash?

Which of the following audit procedures is the most appropriate when internal control over cash?

Which one of the following would not be an appropriate audit procedure related to the clients physical inventories?

Which one of the following would not be an appropriate audit procedure related to the clients physical inventories?

Which of the following is best audit procedure for determining the existence of unrecorded liabilities?

Which of the following is best audit procedure for determining the existence of unrecorded liabilities?

What two procedures that the auditor must perform before planning the substantive audit procedures?

What two procedures that the auditor must perform before planning the substantive audit procedures?

Which of the following is correct concerning the relevance of various types of controls to a financial audit?

Which of the following is correct concerning the relevance of various types of controls to a financial audit?

Which of the following audit procedures is the most effective for detecting unrecorded liabilities?

Which of the following audit procedures is the most effective for detecting unrecorded liabilities?

In which of the following situations would an auditor ordinarily issue an unmodified audit opinion?

In which of the following situations would an auditor ordinarily issue an unmodified audit opinion?

Which of the following factors are considered in the selection of audit procedures to be performed in an engagement?

Which of the following factors are considered in the selection of audit procedures to be performed in an engagement?

Which of the following information discovered during an audit most likely would raise a question concerning possible illegal acts?

Which of the following information discovered during an audit most likely would raise a question concerning possible illegal acts?

Why is IT important to set up an internal audit program in an information security management system?

Why is IT important to set up an internal audit program in an information security management system?

When an audit assess control risk below the maximum level the auditor is required to document his or her?

When an audit assess control risk below the maximum level the auditor is required to document his or her?

What are some of the factors to consider when determining the sample size for a test of operating effectiveness?

What are some of the factors to consider when determining the sample size for a test of operating effectiveness?

Which of the following is an improper technique when using monetary unit statistical sampling in an audit of accounts receivable?

Which of the following is an improper technique when using monetary unit statistical sampling in an audit of accounts receivable?

Which of the following matters is an auditor required to communicate to an entitys audit committee?

Which of the following matters is an auditor required to communicate to an entitys audit committee?

The audit engagement letter, generally, should include a reference to each of the following except

The audit engagement letter, generally, should include a reference to each of the following except

When obtaining an understanding of controls that relevant to the audit the auditor is required to?

When obtaining an understanding of controls that relevant to the audit the auditor is required to?

Which party has the primary responsibility to oversee an organizations financial reporting and internal control processes?

Which party has the primary responsibility to oversee an organizations financial reporting and internal control processes?

What is audit sampling is selecting all of the items within a population appropriately described as a method of sampling explain?

What is audit sampling is selecting all of the items within a population appropriately described as a method of sampling explain?

Which section of the auditors report gives a general description of an audit of financial statements?

Which section of the auditors report gives a general description of an audit of financial statements?

An auditors report on financial statements prepared in accordance with another comprehensive basis

An auditors report on financial statements prepared in accordance with another comprehensive basis

Which of the following is required documentation in an audit in accordance with auditing standards?

Which of the following is required documentation in an audit in accordance with auditing standards?

What is the difference between auditor responsibilities and management responsibilities in an audit?

What is the difference between auditor responsibilities and management responsibilities in an audit?

Which of the following is the most efficient audit procedure for the detection of unrecorded liabilities?

Which of the following is the most efficient audit procedure for the detection of unrecorded liabilities?

Which of the following procedures would an auditor most likely perform in a planning a financial statement audit?

Which of the following procedures would an auditor most likely perform in a planning a financial statement audit?

Which of the following procedures would an auditor most likely perform in planning an audit of financial statements?

Which of the following procedures would an auditor most likely perform in planning an audit of financial statements?

Which of the following procedures should be performed by the auditor prior to starting an initial audit?

Which of the following procedures should be performed by the auditor prior to starting an initial audit?

What is an auditors responsibility when engaged to report on supplementary information accompanying the basic financial statements?

What is an auditors responsibility when engaged to report on supplementary information accompanying the basic financial statements?

When performing a financial statement audit auditors are required to explicitly assess the risk of material misstatement due to?

When performing a financial statement audit auditors are required to explicitly assess the risk of material misstatement due to?

What factors and measures should be considered in assessing the materiality of a misstatement in the presentation of a financial statement?

What factors and measures should be considered in assessing the materiality of a misstatement in the presentation of a financial statement?

Which of the following is not one of the independent auditor objectives regarding the audit of inventories?

Which of the following is not one of the independent auditor objectives regarding the audit of inventories?

Which of the following is not an inherent risk factor in the audit of the inventory management process?

Which of the following is not an inherent risk factor in the audit of the inventory management process?

What is the purpose of observing the physical counting of inventories in relation to audit objective of existence and completeness?

What is the purpose of observing the physical counting of inventories in relation to audit objective of existence and completeness?