Stichworte financial audit

Stichworte: financial 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

Financial statements are prepared from which of the following trial balances?

Financial statements are prepared from which of the following trial balances?

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

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

List four factors you should consider when selecting a financial institution.

List four factors you should consider when selecting a financial institution.

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?

The PHS regulations about financial conflict of interests require which party

The PHS regulations about financial conflict of interests require which party

Which organization sets the principles of financial accounting and reporting?

Which organization sets the principles of financial accounting and reporting?

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?

What are some disadvantages of using a financial model for selecting projects?

What are some disadvantages of using a financial model for selecting projects?

Recording is the accounting process in which financial statements are prepared

Recording is the accounting process in which financial statements are prepared

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

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

The consumer financial protection bureau came about during which of the following?

The consumer financial protection bureau came about during which of the following?

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

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

Which of the following correctly summarizes one of the primary objectives of financial reporting?

Which of the following correctly summarizes one of the primary objectives of financial reporting?

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

Which of the following ratio would be of greatest interest the common shareholders?

Which of the following ratio would be of greatest interest the common shareholders?

Which one of the following questions is least likely to be addressed by financial managers?

Which one of the following questions is least likely to be addressed by financial managers?

A public or private organization that collects and invests money and offers financial services

A public or private organization that collects and invests money and offers financial services

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?

Which of the following represents a financial change that impacts media buyers?

Which of the following represents a financial change that impacts media buyers?

Which of the following is not an example of technologys impact on the financial services industry?

Which of the following is not an example of technologys impact on the financial services industry?

Which financial statements reports financial performance over a period of time?

Which financial statements reports financial performance over a period of time?

Can financial statements be prepared directly from the adjusted tabular summary

Can financial statements be prepared directly from the adjusted tabular summary

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

What is the primary reason that the loss of manufacturing jobs hurts the financial well being of Americas workers?

What is the primary reason that the loss of manufacturing jobs hurts the financial well being of Americas workers?

Which ratio will be used by financial planners to determine the businesss ability to meet its short term obligations?

Which ratio will be used by financial planners to determine the businesss ability to meet its short term obligations?

Does every accounting transaction affects both the balance sheet and the income statement?

Does every accounting transaction affects both the balance sheet and the income statement?

Which of the following is most likely to result in a contingent liability disclosure as a footnote to the financial statements?

Which of the following is most likely to result in a contingent liability disclosure as a footnote to the financial statements?

What are the five questions you should ask before concluding a financial transaction?

What are the five questions you should ask before concluding a financial transaction?

Organizations in the financial services industry are very proficient in data mining techniques.

Organizations in the financial services industry are very proficient in data mining techniques.

What must every corporation do in maintaining and reporting its financial status

What must every corporation do in maintaining and reporting its financial status

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

The financial statement that summarizes revenues and expenses for a period of time is the

The financial statement that summarizes revenues and expenses for a period of time is the

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?

Which of the following is a financial statement that reports the assets liabilities?

Which of the following is a financial statement that reports the assets liabilities?

When information includes everything necessary to reflect what really happened, it has

When information includes everything necessary to reflect what really happened, it has

Which of the following is commonly used tool for comparison of financial statements?

Which of the following is commonly used tool for comparison of financial statements?

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?

Financial information is appropriately presented and disclosures clearly expressed.

Financial information is appropriately presented and disclosures clearly expressed.

Which one of the following statements regarding the role of the financial manager is correct?

Which one of the following statements regarding the role of the financial manager is correct?

Which group would have a financial incentive to implement CDS group of answer choices

Which group would have a financial incentive to implement CDS group of answer choices

Relying solely on financial measures can result in dysfunctional business operations.

Relying solely on financial measures can result in dysfunctional business operations.

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?

What refers to the rules and procedures governing the content and form of financial reports?

What refers to the rules and procedures governing the content and form of financial reports?

Where from can you get the information about companys financial report and other information?

Where from can you get the information about companys financial report and other information?

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 *?

To provide financial assistance to entrepreneurs the government has set up a number of

To provide financial assistance to entrepreneurs the government has set up a number of

What are the major differences between managerial accounting and financial accounting who are the intended users and what are their informational needs?

What are the major differences between managerial accounting and financial accounting who are the intended users and what are their informational needs?

What are the major differences between financial accounting and managerial accounting?

What are the major differences between financial accounting and managerial accounting?

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?

Why is it misleading to compare a companys financial ratios with those of other firms that operate within the same industry?

Why is it misleading to compare a companys financial ratios with those of other firms that operate within the same industry?

One problem with comparing financial ratios prepared by different reporting agencies is

One problem with comparing financial ratios prepared by different reporting agencies is

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

Which of the following prospective financial statements is are appropriate for general use

Which of the following prospective financial statements is are appropriate for general use

Which of the following is likely to result in an inflow of financial capital to country z?

Which of the following is likely to result in an inflow of financial capital to country z?

Which of the following summarizes the financial performance of an organization over a period of time?

Which of the following summarizes the financial performance of an organization over a period of time?

Companies with large amounts of fixed costs will generally have a high operating leverage.

Companies with large amounts of fixed costs will generally have a high operating leverage.

In what type of business do the owners bear no personal financial responsibility for the companys debts and obligations?

In what type of business do the owners bear no personal financial responsibility for the companys debts and obligations?

What branch of accounting evaluate whether the financial statements are presented fairly and in compliance with accounting standards?

What branch of accounting evaluate whether the financial statements are presented fairly and in compliance with accounting standards?

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?

Which of the following does IFRS 1 require an entity to do in the opening IFRS statement of financial position?

Which of the following does IFRS 1 require an entity to do in the opening IFRS statement of financial position?

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

Stating assets and liabilities and changes in them in terms of a common financial denominator

Stating assets and liabilities and changes in them in terms of a common financial denominator

Which underlying assumption serves as the basis for preparing financial statements at a regular artificial points in time?

Which underlying assumption serves as the basis for preparing financial statements at a regular artificial points in time?

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

Which principle guideline justifies a company violating an accounting principle because the amounts are not significant?

Which principle guideline justifies a company violating an accounting principle because the amounts are not significant?

Which accounting concepts states that omitting or misstating this information could influence users of financial statements?

Which accounting concepts states that omitting or misstating this information could influence users of financial statements?

Which branch of accounting means examination of financial statements by a CPA for the purpose of expressing an opinion as to the fairness of the statements?

Which branch of accounting means examination of financial statements by a CPA for the purpose of expressing an opinion as to the fairness of the statements?

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

Which of the following statements correctly distinguish between financial and management accounting?

Which of the following statements correctly distinguish between financial and management accounting?

The best way to understand a firms financial health and stability is to look at its ______.

The best way to understand a firms financial health and stability is to look at its ______.

Which financial statement shows a firms bottom line its profit or loss after costs expenses and taxes for a specific period?

Which financial statement shows a firms bottom line its profit or loss after costs expenses and taxes for a specific period?

Which mode of distribution in the foreign market will require a company to make the maximum financial investment?

Which mode of distribution in the foreign market will require a company to make the maximum financial investment?

To help survive a financial crisis, it is important to establish a larger than usual emergency fund.

To help survive a financial crisis, it is important to establish a larger than usual emergency fund.

Which financial statement can be described as a snapshot of a companys financial position?

Which financial statement can be described as a snapshot of a companys financial position?

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 technique for evaluating the data of financial statements is also known as trend analysis?

What technique for evaluating the data of financial statements is also known as trend analysis?

Financial difficulties in europe that contributed to the great depression were largely the result of

Financial difficulties in europe that contributed to the great depression were largely the result of

Securities offered for sale, including real estate securities, must be registered with the ________.

Securities offered for sale, including real estate securities, must be registered with the ________.

How often are member firms required to disclose their current financial situation to customers?

How often are member firms required to disclose their current financial situation to customers?

Which of the following items is not required to be include in the FINRA member statements of financial condition sent to their clients?

Which of the following items is not required to be include in the FINRA member statements of financial condition sent to their clients?

What is the term used when an insured is to be placed in the same financial position after a loss as they enjoyed before the loss?

What is the term used when an insured is to be placed in the same financial position after a loss as they enjoyed before the loss?

Which is the financial record source document used by healthcare providers and other personnel?

Which is the financial record source document used by healthcare providers and other personnel?

Which is a computerized permanent record of all financial transactions between the patient and the practice?

Which is a computerized permanent record of all financial transactions between the patient and the practice?

What are the major differences between financial accounting and managerial accounting in your opinion which has a bigger priority explain?

What are the major differences between financial accounting and managerial accounting in your opinion which has a bigger priority explain?

Which of the following group that has a potential interest on an organizations ability to achieve its objectives?

Which of the following group that has a potential interest on an organizations ability to achieve its objectives?

Which of the following statements represents a similarity between financial and management accounting?

Which of the following statements represents a similarity between financial and management accounting?

How many days of acquiring or discovering a significant financial interest is the investigator required to submit an updated disclosure to the institution?

How many days of acquiring or discovering a significant financial interest is the investigator required to submit an updated disclosure to the institution?

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

Which of the following costing activities is associated with the financial accounting system?

Which of the following costing activities is associated with the financial accounting system?

Programs that organize, analyze, and graph numerical data such as budgets and financial reports.

Programs that organize, analyze, and graph numerical data such as budgets and financial reports.