Stichworte audit committees

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Stichworte: audit committees

What are the uses of computer assisted auditing techniques CAATs or programs?

What are the uses of computer assisted auditing techniques CAATs or programs?

Which of the following audit opinions would be considered a modified opinion?

Which of the following audit opinions would be considered a modified opinion?

In most cases the most important assertion associated to accounts payable is:

In most cases the most important assertion associated to accounts payable is:

The incumbency advantage makes it difficult to increase diversity in congress.

The incumbency advantage makes it difficult to increase diversity in congress.

Financial statements of publicly traded corporations are subject to the oversight of:

Financial statements of publicly traded corporations are subject to the oversight of:

What best describes how political action committees PACs enhance the power of individuals?

What best describes how political action committees PACs enhance the power of individuals?

According to the Standards, the organizational status of the internal audit activity

According to the Standards, the organizational status of the internal audit activity

What is the purpose of audit trails to restore systems to normal operations to correct system problems to detect security violating events to prevent security breaches?

What is the purpose of audit trails to restore systems to normal operations to correct system problems to detect security violating events to prevent security breaches?

How would your sample size change if you increased your tolerable misstatement?

How would your sample size change if you increased your tolerable misstatement?

Before accepting an engagement to audit a new client, an auditor is required to

Before accepting an engagement to audit a new client, an auditor is required to

Which of the following is the best audit procedure for the detection of lapping?

Which of the following is the best audit procedure for the detection of lapping?

As part of an audit, a CPA often requests a representation letter from the client

As part of an audit, a CPA often requests a representation letter from the client

Who appoints representatives to committees in the Texas House of Representatives?

Who appoints representatives to committees in the Texas House of Representatives?

Which of the following types of employees must be independent of an audit client?

Which of the following types of employees must be independent of an audit client?

Which of the following would an is auditor perform first when planning an is audit?

Which of the following would an is auditor perform first when planning an is audit?

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

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

Control strengths and weaknesses should be documented in audit documentation sometimes called

Control strengths and weaknesses should be documented in audit documentation sometimes called

What topics should a successor auditor discuss with the predecessor auditor before accepting an audit engagement?

What topics should a successor auditor discuss with the predecessor auditor before accepting an audit engagement?

When an auditor concludes that there is substantial doubt about a continuing audit?

When an auditor concludes that there is substantial doubt about a continuing audit?

What are the factors that affect sufficiency and appropriateness of audit evidence?

What are the factors that affect sufficiency and appropriateness of audit evidence?

Which of the following is the primary requirement in reporting results of an IS audit?

Which of the following is the primary requirement in reporting results of an IS audit?

What are the major purposes of obtaining representation letters from audit clients?

What are the major purposes of obtaining representation letters from audit clients?

Which of the following is a benefit of a risk-based approach to audit planning audit

Which of the following is a benefit of a risk-based approach to audit planning audit

Which of the following statements most likely would be included in an audit engagement letter?

Which of the following statements most likely would be included in an audit engagement letter?

You are leading an engagement providing non-audit services to an sec-restricted entity. halfway

You are leading an engagement providing non-audit services to an sec-restricted entity. halfway

When performing an audit of the property, plant, and equipment accounts, an auditor should expect

When performing an audit of the property, plant, and equipment accounts, an auditor should expect

Which of the following audit procedures most likely would assist an auditor in identifying conditions and events that may?

Which of the following audit procedures most likely would assist an auditor in identifying conditions and events that may?

Describe matters that the auditor must communicate to audit committees of public companies.

Describe matters that the auditor must communicate to audit committees of public companies.

Which of the following techniques would best result in sufficient evidence with regard to an audit

Which of the following techniques would best result in sufficient evidence with regard to an audit

What is the term for an examination of a companys financial records by someone that is not an employee of the company?

What is the term for an examination of a companys financial records by someone that is not an employee of the company?

Which branch of accounting has unbiased evaluation of the financial statements to determine whether or not a companys financial statement is presented truthfully?

Which branch of accounting has unbiased evaluation of the financial statements to determine whether or not a companys financial statement is presented truthfully?

Which of the following is an analytical procedure that an auditor most likely would perform in planning an audit?

Which of the following is an analytical procedure that an auditor most likely would perform in planning an audit?

Which of the following statements is always true when an auditor is planning a year end audit

Which of the following statements is always true when an auditor is planning a year end audit

Which of the following is the primary requirement in reporting results of an IS audit the report is?

Which of the following is the primary requirement in reporting results of an IS audit the report is?

An audit examines whether security controls are appropriate, installed correctly, and ________.

An audit examines whether security controls are appropriate, installed correctly, and ________.

Which of the following is the main reason to perform a risk assessment in the planning phase of an IS audit?

Which of the following is the main reason to perform a risk assessment in the planning phase of an IS audit?

How do I change audit policies in Windows Server?

How do I change audit policies in Windows Server?

Your spouse has just accepted a new job as an accountant at an sec restricted audit client

Your spouse has just accepted a new job as an accountant at an sec restricted audit client

Can external auditors be independent given their reliance on the fee income from the company being audited?

Can external auditors be independent given their reliance on the fee income from the company being audited?

Auditors are required to communicate with the audit committee for all but which of the following

Auditors are required to communicate with the audit committee for all but which of the following

What are the overall objectives of the auditor in the conduct of the audit of financial statements?

What are the overall objectives of the auditor in the conduct of the audit of financial statements?

Which of the following is required documentation in an audit in accordance with generally accepted?

Which of the following is required documentation in an audit in accordance with generally accepted?

Which of the following is required documentation in an audit in accordance with Generally Accepted Auditing Standards Group of answer choices?

Which of the following is required documentation in an audit in accordance with Generally Accepted Auditing Standards Group of answer choices?

Which of the following statements is correct in most jurisdictions regarding the liability of a CPA who negligently expresses an opinion on an audit of financial statements?

Which of the following statements is correct in most jurisdictions regarding the liability of a CPA who negligently expresses an opinion on an audit of financial statements?

The standard auditors report refers to standards of the pcaob and gaap in which section(s)?

The standard auditors report refers to standards of the pcaob and gaap in which section(s)?

Which of the following statements is generally correct about the appropriateness of audit evidence quizlet?

Which of the following statements is generally correct about the appropriateness of audit evidence quizlet?

Which of the following procedures would provide the auditor the most reliable audit evidence?

Which of the following procedures would provide the auditor the most reliable audit evidence?

An audit client has a valid reason for requesting that a certain account receivable

An audit client has a valid reason for requesting that a certain account receivable

Who is responsible for the direction supervision and performance of the group audit engagement?

Who is responsible for the direction supervision and performance of the group audit engagement?

Which audit procedure would be most effective to detect whether a particular employee may have been involved in the submission of payments to false vendors?

Which audit procedure would be most effective to detect whether a particular employee may have been involved in the submission of payments to false vendors?

Which of the following is the best approach for obtaining feedback from engagement clients on the quality of internal audit work?

Which of the following is the best approach for obtaining feedback from engagement clients on the quality of internal audit work?

Which of the following is true regarding the relationship of assurance, attest, and audit services

Which of the following is true regarding the relationship of assurance, attest, and audit services

What is the general character of the work conducted in performing a forensic audit for a company?

What is the general character of the work conducted in performing a forensic audit for a company?

Which of the following is the most important reason for an auditor to gain an understanding of an audit clients system of internal control over financial reporting?

Which of the following is the most important reason for an auditor to gain an understanding of an audit clients system of internal control over financial reporting?

Is a formal document that defines the internal audit activitys purpose authority and responsibility?

Is a formal document that defines the internal audit activitys purpose authority and responsibility?

Which of the following factors most likely would cause a cpa to decline a new audit engagement?

Which of the following factors most likely would cause a cpa to decline a new audit engagement?

The boards expectations of the internal audit activity regarding the risk management process is

The boards expectations of the internal audit activity regarding the risk management process is

Adequate planning of the audit work helps the auditor of accomplishing the following objectives

Adequate planning of the audit work helps the auditor of accomplishing the following objectives

Which of the following would be the most likely reason to include more unpredictability in the selection and performance of audit procedures?

Which of the following would be the most likely reason to include more unpredictability in the selection and performance of audit procedures?

Which of the following relate to when the audit team gathers information about a new clients business and industry in order to obtain?

Which of the following relate to when the audit team gathers information about a new clients business and industry in order to obtain?

In the context of an audit of financial statements, substantive tests are audit procedures that

In the context of an audit of financial statements, substantive tests are audit procedures that

To obtain audit evidence about control risk, an auditor selects tests from a variety of techniques

To obtain audit evidence about control risk, an auditor selects tests from a variety of techniques

What is likely to be the most effective audit procedure to identify unrecorded accounts payable?

What is likely to be the most effective audit procedure to identify unrecorded accounts payable?

In which of the following situations would an auditor be unlikely to issue an unmodified opinion

In which of the following situations would an auditor be unlikely to issue an unmodified opinion

Does reliance on internal auditors work reduced the external audit cost and external audit work?

Does reliance on internal auditors work reduced the external audit cost and external audit work?

Reviewing with the external auditor any audit problems or difficulties that they had with management

Reviewing with the external auditor any audit problems or difficulties that they had with management

Which of the following is not a correct combination of terms and related type of audit evidence?

Which of the following is not a correct combination of terms and related type of audit evidence?

In which two circumstances might it be permissible to use the negative method of receivables confirmation?

In which two circumstances might it be permissible to use the negative method of receivables confirmation?

Which is the best audit procedure to obtain evidence to support the legal ownership of property?

Which is the best audit procedure to obtain evidence to support the legal ownership of property?

Why is it necessary for the auditor to review the clients instructions in the physical counting?

Why is it necessary for the auditor to review the clients instructions in the physical counting?

Why is it important for the auditor to obtain sufficient level of knowledge of the entitys business?

Why is it important for the auditor to obtain sufficient level of knowledge of the entitys business?

What category of audit report will be issued if the auditor concludes that the financial statements are not fairly presented?

What category of audit report will be issued if the auditor concludes that the financial statements are not fairly presented?

Which of the following statements is true regarding the distinction between general audit objectives

Which of the following statements is true regarding the distinction between general audit objectives

Which of the following risks does the auditor assess rather than set ie which risk does the auditor not have control over changing its value ?)?

Which of the following risks does the auditor assess rather than set ie which risk does the auditor not have control over changing its value ?)?

In which of the following situation would an auditor ordinarily issue an unqualified audit opinion without an explanatory paragraph?

In which of the following situation would an auditor ordinarily issue an unqualified audit opinion without an explanatory paragraph?

Which of the following conditions most likely would pose the greatest risk in accepting a new audit engagement quizlet?

Which of the following conditions most likely would pose the greatest risk in accepting a new audit engagement quizlet?

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

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

When comparative financial statements are presented the auditors opinion on the financial statements shall refer to?

When comparative financial statements are presented the auditors opinion on the financial statements shall refer to?

In which of the following circumstances may the auditor issue an unqualified standard audit report?

In which of the following circumstances may the auditor issue an unqualified standard audit report?

Which of the following actions by the internal auditor relates to the internal audit principle of objectivity?

Which of the following actions by the internal auditor relates to the internal audit principle of objectivity?

What type of audit opinion would the auditors issue when there is a material departure from GAAP on the financial statements?

What type of audit opinion would the auditors issue when there is a material departure from GAAP on the financial statements?

Which of the following matters is an auditor not required to communicate to an entitys audit committee?

Which of the following matters is an auditor not required to communicate to an entitys audit committee?

Which engagement planning tool is general in nature and is used to ensure adequate audit coverage over time?

Which engagement planning tool is general in nature and is used to ensure adequate audit coverage over time?

Which of the following is a responsibility of the audit committee with regards to the internal audit activity?

Which of the following is a responsibility of the audit committee with regards to the internal audit activity?

Which of the following is the risk that audit test will not uncover existing exceptions in a sample?

Which of the following is the risk that audit test will not uncover existing exceptions in a sample?

When applying audit sampling to select items to be tested can the auditor eliminate sampling risk?

When applying audit sampling to select items to be tested can the auditor eliminate sampling risk?

An auditor would be least likely to initiate a discussion with a clients audit committee concerning

An auditor would be least likely to initiate a discussion with a clients audit committee concerning

Which of the following matters would an auditor most likely considered to be a material weakness to be communicated to those charged with governance of an audit client?

Which of the following matters would an auditor most likely considered to be a material weakness to be communicated to those charged with governance of an audit client?

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

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

Which of the following audit procedures is the most efficient at detecting unrecorded liabilities?

Which of the following audit procedures is the most efficient at detecting unrecorded liabilities?

When an auditor reports on financial statements prepared on an entitys income tax basis the auditors report should?

When an auditor reports on financial statements prepared on an entitys income tax basis the auditors report should?

Which of the following substantive test procedures is related to rights and obligations assertion?

Which of the following substantive test procedures is related to rights and obligations assertion?

Which of the following documentation is required for an audit in accordance with the Standards on auditing *?

Which of the following documentation is required for an audit in accordance with the Standards on auditing *?

When obtaining an understanding of the accounting and internal control systems to plan the audit the auditor should obtain knowledge about the?

When obtaining an understanding of the accounting and internal control systems to plan the audit the auditor should obtain knowledge about the?

Which of the following is true about the auditors Consideration of internal control in a financial statement audit?

Which of the following is true about the auditors Consideration of internal control in a financial statement audit?

Which of the following is considered the best audit procedure to obtain evidence regarding the collectability of receivable?

Which of the following is considered the best audit procedure to obtain evidence regarding the collectability of receivable?

Which of the following audit procedures best tests the classification and understandability of cash?

Which of the following audit procedures best tests the classification and understandability of cash?

What is the primary objective of analytical procedures performed during the planning stages of an audit quizlet?

What is the primary objective of analytical procedures performed during the planning stages of an audit quizlet?

Which of the following is are purposes for performing analytical procedures during the planning phase risk assessment phase of the audit?

Which of the following is are purposes for performing analytical procedures during the planning phase risk assessment phase of the audit?

Which of the following is an analytical procedure that an auditor most likely would perform when planning an audit quizlet?

Which of the following is an analytical procedure that an auditor most likely would perform when planning an audit quizlet?