Lecture Auditing and assurance services (Second international edition) Chapter 6 Internal control in a financial statement audit

... Financial and other information are disclosed appropriately and at appropriate amounts Classification and understandability Financial and other information is appropriately presented and described and ... collusion and fraud 62 The primary difference between an audit of the balance sheet and an audit of the income Arens/ Elder/Beasley To download more slides, ebook, solution...

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... necessary for information to be in a verifiable form and some criteria by which the auditor can evaluate the information (A) What information and criteria would an independent CPA firm use when auditing ... accumulation and interpretation of evidence related to a company’s financial statements 26 challenging b Attestation services on information technology include WebTrust serv...

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... standards and rules that practicing CPAs must follow These standards consist of auditing standards for auditors of private companies, compilation and review standards, other attestation standards, ... standards of performance for auditors to follow and are established by the Auditing Standards Board of the American Institute of Certified Public Accountants for private compan...

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... increased by $14,500,000, long-term debt by $ 13, 200,000, and retained earnings by $1 ,30 0,000 as of December 31 , 2007, and net income and earnings per share would be increased by $1 ,30 0,000 and $2.25, ... independence with respect to the audited entity E:\EBOOK PPT SM TB\04 TEST BANKS\TB _Arens_ audit13e_downloadslide.blogspot.com \Chapter 3. doc To download more...

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... solutions and test bank, visit http://downloadslide.blogspot.com Rule 202—Compliance with Standards requires CPAs to perform professional services in compliance with standards promulgated by bodies ... solutions and test bank, visit http://downloadslide.blogspot.com 37 medium a The AICPA’s Code of Professional Conduct requires independence for all: a attestation engagement...

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... ebook, solutions and test bank, visit http://downloadslide.blogspot.com d securities to be offered to the public provide a set of uniform standards and tests for accountants, attorneys, and others ... members for improper conduct and performance b deal only with clients possessing integrity c hire qualified auditors and train and supervise them d perform quality audits 21...

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... basis for planning the audit b A record of the evidence accumulated and the results of the tests c A basis for review by supervisors and partners d A basis for determining work deficiencies by peer ... confirmations used by auditors are: positive confirmation with a request for information to be supplied by the recipient positive confirmation with the information to be...

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... audit Obtain an understanding with the client An understanding with the client should be obtained to avoid misunderstandings Auditors are required to obtain an understanding Arens/ Elder/Beasley ... understanding of the client’s business and industry through several means, including discussions with previous auditors and by reviewing the permanent files for the client; conferen...

Ngày tải lên: 11/04/2017, 14:44

... ordinarily set by the auditor during planning and: a held constant for each major cycle and account b held constant for each major cycle but varies by account c varies by each major cycle and by each ... frauds Arens/ Elder/Beasley To download more slides, ebook, solutions and test bank, visit http://downloadslide.blogspot.com Arens/ Elder/Beasley To download more slid...

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... can be done by providing internal checks within the form or record For example, a document might include instructions for proper routing, blank spaces for authorizations and approvals, and designated ... procedure that would most likely be used by an auditor in performing tests of control Arens/ Elder/Beasley To download more slides, ebook, solutions and test bank, visit h...

Ngày tải lên: 11/04/2017, 14:44

... inquiry available for use by auditors These are information inquiry, assessment inquiry, and interrogative inquiry Information inquiry is used to obtain information about facts and details that ... information already obtained is correct, factual or truthful a Assessment b Declarative c Interrogative d Informational Arens/ Elder/Beasley To download more slides, ebook, solutions and...

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... (1) and (2) c less concerned with (1) than with (2) d more concerned with (1) than with (2) c Arens/ Elder/Beasley To download more slides, ebook, solutions and test bank, visit http://downloadslide.blogspot.com ... development Users, analysts, and programmers develop and test software Physical and online security For example, passwords should be required for acces...

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... of tests and audit evidence is not correct? a Tests of details and documentation b Tests of controls and observation c Tests of details and observation d Substantive tests of transactions and ... be performed in: a the planning and test of control stages b conjunction with tests of transactions and tests of details of balances c the planning and completion stages d the pla...

Ngày tải lên: 11/04/2017, 14:44

... substantive tests will be reduced sufficiently to justify costs of performing tests of controls b substantive tests will be increased sufficiently to justify costs of performing tests of controls c tests ... costs of performing substantive tests d tests of controls will be reduced sufficiently to justify costs of performing substantive tests 38 medium a Management’s assertions for sales an...

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... random sample? Auditor’s judgmental selection of items Arens/ Elder/Beasley Use of computer-generated random numbers Use of random number tables To download more slides, ebook, solutions and test ... evidence with decreased audit effort 74 Which of the following is an advantage of systematic sample selection over random number Arens/ Elder/Beasley To download more slides, ebook, solut...

Ngày tải lên: 11/04/2017, 14:44