Tuesday, March 31, 2015

70 Free Test Bank for Auditing and Assurance Services 5th Edition by Louwers

Don’t waste your time trying to “understand in-depth” all inflexible theory in the textbook. The time which is spent for them can be focused on practice of whatever chapter has been covered. Free test bank of Auditing and Assurance Services 5th Edition Louwers provide online basic accounting questions and answers for free designed for students who do not have enough experience in the auditing or accounting majors. They can support students effectively within their field and teach them professional skills necessary to continue working as internal auditors. Try your best to answer all of them more frequently. Here are a lot of free questions that are either updated or very clear with instant answers you can frequently pick up. This test is more over-kill for this subject as far as exams concerned by all students. You will have 70 mutiple choice online free questions below to improve your knowledge now!
Please visit the link below to get full questions and answers:
The engineering department at Omni Company built a piece of equipment in the company's own shop for use in the company's operations. When looking at the ending balance for the fixed asset account, the auditor examined all work orders, purchased materials, labor cost reports, and applied overhead that were capitalized as part of the equipment costs. Which of the following is the ASB balance assertion most closely related to the auditor's testing?
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The underlying conditions that create demand by users for reliable information include all of the following except
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Because of the risk of material misstatement, an audit of financial statements in accordance with generally accepted auditing standards should beplanned and performed with an attitude of
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The audit objective that all transactions are recorded in the proper period is related most closely to which of the Audit Standards Board (ASB) transaction assertions?
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Which of the following is an underlying condition that in part creates the demand by users for reliable information?
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The audit objective that all balances include items owned by the client is related most closely to which one of the ASB balance assertions?
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An attestation engagement is one in which a CPA is engaged to
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In order to be considered as external auditors with respect to government agencies, GAO auditors must be
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The audit objective that all balances include all items that should be recorded in that account is related most closely to which one of the ASB balance assertions?
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In performing an attestation engagement, a CPA typically
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The audit objective of presenting all transactions and accountsin the financial statements are in fact included is related to which of the PCAOB assertions?
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Which of the following best describes the primary role and responsibility of the independent external auditor?
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Which of the following is notan ASB assertion about inventory related to presentation and disclosure?
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What is the term used to identify the risk that the client's financial statements may be materially false and misleading?
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Which of the following best describes assurance services?
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Assurance services involve all of the following except
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Inquiries of warehouse personnel concerning possible obsolete or slow-moving inventory items provide assurance about the ASB balance assertion of
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Which of the following is the essential purpose of the audit function?
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Which of the following is nota PCAOB assertion about inventory related to presentation and disclosure?
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The audit objective that all transactions are recorded in the proper account is related most closely to which one of the ASB transaction assertions?
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Which of the following best describes the main reason that independent auditors report on management's financial statements?
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To be proficient as an auditor, a person must firstbe able to accomplish which of these tasks in a decision-making process?
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The auditor's judgment concerning the overall fairness of the presentation of financial position, results of operations, and cash flows is applied within the framework of
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The engineering department at Omni Company built a piece of equipment in the company's own shop for use in the company's operations. The auditor reviewed all work orders that were capitalized as part of the equipment costs. Which of the following is the ASB transaction assertion most closely relatedto the auditor's testing?
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The audit objective that footnotes in the financial statements should be clear and expressed so that the information is easily conveyed to the readers of the financial statements is related most closely with which of the ASB presentation and disclosure assertions?
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The audit objective that all the transactions and accounts presented in the financial statements represent realassets, liabilities, revenues, and expenses is related most closely to which of the PCAOB assertions?
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Cutoff tests designed to detect credit sales made before the end of the year that have been recorded in the subsequent year provide assurance about the PCAOB assertion of
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Which of the following is nota recommendation usually made following the completion of an operational audit?
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Which of the following is notincluded in The American Accounting Association (AAA) definition of auditing?
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