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Tyler moss
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Decks in this class (27)
A1 - Audited Financial Statements - The Basics
What is the auditor s responsibility,
The auditor must obtain sufficien...,
What provides the most authoritat...
6
cards
A4 - Transaction Cycles
In testing controls over cash dis...
1
cards
A1 - Audited Financial Statements - Reports on Audited Financial Statements
When qualifying an opinion of an ...,
What are some mitigating factors ...,
The auditor s report should inclu...
22
cards
A1 -Audited Financial Statements - Comparative FS
When reporting on comparative fin...,
If the financial statements of a ...,
Before reissuing the prior year s...
5
cards
A1 - Audited Financials - Events occurring after year-end
When does an auditor s active res...,
After issuing a report an auditor...
2
cards
A1 - Audited Financials - Reporting on Other Info
When financial statements are pre...,
If management of a governmental b...,
What is an auditor s responsibili...
3
cards
A2 - Other Reports, Engagements, and Accounting Services
When a cpa reports on audited fin...,
An entity prepares its financial ...
2
cards
A2 - Other Reports - Compilations and Reviews
An accountant has compiled the fi...,
The accountant may decline to iss...,
Financial statements reviewed by ...
17
cards
A2 - Other Reports - Comparative Financials
Compiled financial statements tha...,
Before reissuing a compilation re...
2
cards
A2 - Other Reports - Review of Interim Financial Info
A review of the interim financial...,
The objective of a review of inte...,
An independent accountant s repor...
3
cards
A2 - Other reports - Letters to Underwriters
What is typically covered in a co...,
When an accountant issues to an u...
2
cards
A2 - Other Reports - Attest Engagements
When a cpa examines a client s pr...,
An attest engagement is one in wh...,
A report on agreed upon procedure...
7
cards
A3 - Engagement Acceptance & Understanding the Assignment
A successor auditor ordinarily sh...,
A scope limitation sufficient to ...,
A successor auditor should make s...
5
cards
A2 - Engagement Acceptance & Planning/Supervision
In assessing the objectivity of i...,
What would an auditor most likely...,
In using the work of a specialist...
13
cards
A2 - Engagement Acceptance - Audit Risk
Which risks may be assessed in no...,
The existence of audit risk is re...,
When an auditor increases the ass...
10
cards
A2 - Engagement Acceptance - Fraud Risk
Why does a properly designed and ...,
What is the primary objective of ...
2
cards
A2 - Assessing the Risks of Material misstatement
The audit plan usually cannot be ...,
The primary objective of procedur...,
Analytical procedures used in pla...
4
cards
A2 - Internal Control
When obtaining an understanding o...,
What component element of an enti...,
An auditor uses the knowledge pro...
11
cards
A2 - Responding to Assessed Risks of Material Misstatement
When there are numerous property ...,
To obtain audit evidence about co...,
The objective of tests of details...
7
cards
A4 - Audit Evidence
When an analytical procedure is u...,
An analytical procedure involves ...,
What type of audit evidence is ge...
10
cards
A1-A4 - 30 MCQs
An unjustified accounting change ...,
An accountant compiles the financ...,
A practitioner s agreed upon proc...
5
cards
A4 - Audit Evidence - Audit Procedures by Transaction Cycle
In testing controls over cash dis...,
The usefulness of the standard ba...,
Sound internal control dictates t...
15
cards
A5 - Sampling and Communications
An auditor is determining the sam...,
If the auditor assesses control r...,
Both the risk of incorrect accept...
25
cards
A5 - Internal Control Communications
An auditor s letter issued on sig...,
In reporting on a nonissuer s int...,
Any report issued on significant ...
12
cards
A6 - Professional Responsibilities
Non audit services that do not ex...,
The auditor of an issuer may prov...,
Under department of labor dol rul...
6
cards
A6 - Audit Documentation
According to pcaob standards the ...,
An auditor who wishes to capture ...,
The test data approach refers to ...
5
cards
A6 - Governmental Auditing
Government auditing standards pub...,
Omb circular a 133 allows auditor...,
Per governmental auditing standar...
8
cards
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CPA EXAM - AUD
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