QUIZ
ISA 500 series
Practice quiz about isa 500 series. This quiz will help you understand
what the ISAs of the 500 series are about.
PRACTICE QUIZ – ISA 500 SERIES – COMPREHENSIVE (IAASB ISAs)
Question 1
What is ISA 530 about?
A. AUDIT SAMPLING
or
B. AUDITING ACCOUNTING ESTIMATES, INCLUDING FAIR VALUE ACCOUNTING ESTIMATES,
or
C. EXTERNAL CONFIRMATIONS
or
D. RELATED PARTIES
or
E. GOING CONCERN
Question 2
What is ISA 520 about?
A. SUBSEQUENT EVENTS
or
B. MANAGEMENT REPRESENTATIONS
or
C. ANALYTICAL PROCEDURES
Or
D. RELATED PARTIES
or
E. SPECIFIC CONSIDERATIONS FOR SELECTED ITEMS
Question 3
What is ISA 510 about?
A. GOING CONCERN
or
B. AUDIT SAMPLING
or
C. RELATED PARTIES
or
D. INITIAL AUDIT ENGAGEMENTS—OPENING BALANCES
Question 4
What is ISA 540 about?
A. GOING CONCERN
or
B. AUDITING ACCOUNTING ESTIMATES, INCLUDING FAIR VALUE ACCOUNTING ESTIMATES,
AND RELATED DISCLOSURES
or
C. RELATED PARTIES
or
D. INITIAL AUDIT ENGAGEMENTS—OPENING BALANCES
Question 5
What is ISA 550 about?
A. RELATED PARTIES
or
B. MANAGEMENT REPRESENTATIONS
or
C. AUDITS OF GROUP FINANCIAL STATEMENTS (INCLUDING THE WORK OF COMPONENT
AUDITORS)
or
D. AUDIT EVIDENCE
Question 6
What is ISA 560 about?
A. SUBSEQUENT EVENTS
or
B. AUDITING ACCOUNTING ESTIMATES, INCLUDING FAIR VALUE ACCOUNTING ESTIMATES,
AND RELATED DISCLOSURES
or
C. EXTERNAL CONFIRMATIONS
or
D. GOING CONCERN
or
E. OTHER