Quiz based on Auditing and Assurance Services 14e by Arens
Adequate planning and supervision.
Due professional care.
Understand the entity and its environment including internal control.
Sufficient appropriate audit evidence.
Both private and public companies.
Public companies only.
Private companies, public companies, and nonprofit entities.
Private companies only.
Proper planning and supervision.
Independence of mental attitude.
Adequate training and proficiency.
Due professional care.
Field work standards are primarily concerned with personal attributes necessary during the conduct of the audit
Field work standards provide extensive guidance regarding the conduct of an audit.
Field work standards are primarily directed at the auditor’s planning, understanding of internal control, and evidence accumulation.
Field work standards are primarily concerned with the conduct of substantive testing as opposed to testing of internal controls.
Are interpretations of generally accepted auditing standards.
Are the equivalent of laws for audit practitioners.
Must be followed in all situations.
Are optional guidelines which an auditor may choose to follow or not follow when conducting an audit.
Form S-1.
Form 8-K.
Form 10-K
Form 10-Q.
Investors in Hansen Corporation’s stock.
Stock exchange.
Securities and Exchange Commission.
Management of Hansen Corporation.
Evidence accumulation.
Personal qualities the auditor should possess.
Communicating the auditor’s findings to the reader.
General supervision of the audit.
Securities and Exchange Commission
Public Company Accounting Oversight Board
Auditing Standards Board
National Association of Accounting
General partnership
General corporation
Limited liability company
Limited liability partnership
The U.S. Congress.
The American Institute of Certified Public Accountants.
The Auditing Standards Board.
The Securities and Exchange Commission.
Perform inspections of the quality controls at audit firms that audit public companies.
Establish auditing standards that must be followed by CPAs on all audits.
Oversee auditors of public companies.
Perform any of the above functions.
Form S-1.
Form 8-K.
Form 10-K.
Form 10-Q.
Only senior partners are liable for the partnership’s debts.
Partners have no liability in a limited liability partnership arrangement.
Partners are personally liable for the acts of those under their supervision.
All partners must be AICPA members.
Statements on Auditing Standards.
Statements on Standards for Accounting and Review Services.
Regulations issued by the Securities and Exchange Commission.
The AICPA Code of Professional Conduct.
Ideals to work towards, but which are not achievable.
Maximum standards that denote excellent work.
Minimum standards of performance that must be achieved on each audit engagement.
Benchmarks to be used on all audits, reviews, and compilations.
The PCAOB may not enforce some disciplinary action against the accounting firm.
The PCAOB may not report the matter to the Securities and Exchange Commission
The PCAOB may not report the matter to the appropriate state accountancy board
The PCAOB may not suspend the license to practice of the CPA guilty of the violation.
Objective review of the adequacy of the technical training of firm personnel.
Thorough review of the existing internal control structure.
Critical review of work done at every level of supervision.
Periodic review of a CPA firm’s quality control procedures.
Regulation S-X and Accounting Series Releases.
S-1 through S-16 forms.
Director’s newsletter.
Forms 8-K, 10-K, and 10-Q.
The issue in question is immaterial in amount.
More expertise is needed to fulfill the requirement.
The requirement of the standard has not been addressed by the PCAOB.
Any of the above three are correct.
Quality control.
Generally accepted auditing standards which include the concept of materiality.
The auditor’s evaluation of the audited company’s internal control.
Generally accepted accounting principles.
Fairly extensive
Some limited
Practically no
Specific and detailed
Quiz Review Timeline (Updated): Mar 19, 2022 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
Deloitte Audit Business Challenge
The Deloitte Audit Business Challenge quiz assesses knowledge on the relationships and distinctions between auditing, attest, and assurance services. It explores internal...
Questions:
34 |
Attempts:
537 |
Last updated:
Jan 30, 2023
|
Audit Theory Quiz Questions And Answers
Take this audit theory quiz with informative questions and answers today to level up your auditing game! A framework for auditing is provided by audit theories. It works on...
Questions:
15 |
Attempts:
6413 |
Last updated:
Apr 13, 2023
|
The Ultimate Auditing Knowledge Quiz!
One of the ways in which a business can keep track of its books of account is carrying out an audit and finding out if they reflect an accurate and fair view of the financial...
Questions:
28 |
Attempts:
467 |
Last updated:
Mar 22, 2023
|
Auditing Chapter 7
Quiz based on Auditing and Assurance Services 14e by Arens
Questions:
51 |
Attempts:
1835 |
Last updated:
Mar 22, 2023
|
Auditing And Assurance Services Quiz: Trivia!
What do you know about auditing and assurances? Assurance service is an individual professional service, typically offered by chartered or certified public accountants or...
Questions:
33 |
Attempts:
7816 |
Last updated:
Mar 22, 2023
|
Auditing Chapter 12 Quiz
Auditing quiz derived from the 12th chapter of the textbook Auditing and Assurance Services an Intergrated Approach by Arens.
Questions:
8 |
Attempts:
856 |
Last updated:
Mar 22, 2023
|
Wait!
Here's an interesting quiz for you.