AUDITING THEORY
that is
relevant to their supervisory functions.
5. On every audit engagement, the CPA should comply with
applicable PSAs
a. Without exception.
b. Except in examinations that result in a qualified report.
c. Except in examinations of interim financial statements.
d. Except in circumstances where the CPA is associated
with unaudited financial statements.
6. It refers to the attribute or quality of audit evidence.
a. Sufficiency
b. Relevance
c. Reliability
d. Appropriateness
7. Which of the following best describes due care?
a. Reasonable infallibility
b. Tact in avoiding legal liability
c. Requisite skill and diligence
d. Freedom from undue influence
8. Users of financial statements demand independent audit
because
Which of the following engagements is covered by the
control.
Which of the following engagements is covered by the
Framework for Assurance Engagemen Whi
c. Users expect auditors to correct management errors.
d. Management relies on the auditor to improve internal
Which of the following engagements is covered by the
Framework for Assurance Engagemen
control.
Which of the following engagements is covered by the
Framework for Assurance Engagemen Which of the following engagements is covered by the
Which of the following engagements is covered by the
Framework for Assurance Engagemen
Framework for Assurance Engagemen
9. An audit of financial statements is conducted to determine
if the c. Users expect auditors to correct management errors.
d. Management last na relies on the auditor to improve internal
Which of the following engagements is covered by the
Framework for Assurance Engagemen
control.
Which of the following engagements is covered by the
Framework for Assurance Engagemen Whi G lang
c. Users expect auditors to correct management errors.
d. Management relies on the auditor to improve internal
Which of the following engagements is covered by the
Framework for Assurance Engagemen
control.
Which of the following engagements is covered by the
Framework for Assurance Engagemen Whi
a. Organization is op
Which of the following engagements is covered by the
Which of the following engagements is covered by the
Framework for Assurance Engagemen
Framework for Assurance Engagemen
c. Users expect auditors to correct management errors.
d. Management relies on the auditor to improve internal
Which of the following engagements is covered by the
Framework for Assurance Engagemen
control.
Which of the following engagements is covered by the
Framework for Assurance Engagemen Whi eme lang gahha najaja