Auditing Quizzes, Questions & Answers

Auditing has become a scary word associated with the IRS, taxes, and having to pay money. Auditing involves an outside person or organization reviewing data to ensure that it is accurate and valid, and that it didn’t withhold or play up information. Read More

Top Trending Quizzes

Auditing - Final - Multiple Choice

The final exams for the Audit class are just around the corner and the quiz below is designed to help you pass the quiz by getting rid of the cold feet you may be having. Give it a try and choose the right answer according to...

Questions: 53 | Attempts: 4267 | Last updated: Mar 22, 2023

Sample Question
As a result of analytical procedures, the auditor determines that the gross profit percentage has declined from 30% in the preceding year to 20% in the current year. The auditor should:

Express a qualified opinion due to inability of the client company to continue as a going concern

Evaluate management's performance in causing this decline

Require footnote disclosure

Consider the possibility of a misstatement in the financial statements

Operational Auditing Trivia Quiz

What do you know about auditing? Do you have any idea about operational auditing and how it is done? Here, we have a trivia quiz based on operational auditing to test whether you know the basics of auditing. Operational auditing...

Questions: 10 | Attempts: 9158 | Last updated: Aug 17, 2023

Sample Question
Internal Auditing as defined by the Institute of Internal Auditors (IIA) is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of Risk Management, Control and __________

Business Operations

Governance Processes

All of the above

None of the above

Auditing Theory - Preboard # 1

This is a MOCK BOARD Exam composed of 50 questions. Please assess yourself truthfully. Take this quiz only once so that you will not be banned from taking again. Provide as your fullname and school so that we could give proper...

Questions: 50 | Attempts: 8266 | Last updated: Aug 22, 2023

Sample Question
Which of the following best describes “high level of assurance”?

It refers to the professional accountant having obtained evidence based on procedures agreed upon between the practitioner and the intended users to be satisfied that findings be reported to the intended users.

It refers to the professional accountant having obtained sufficient external and internal appropriate evidence to be satisfied that the subject matter is plausible in the circumstances.

It refers to the professional accountant having obtained sufficient appropriate evidence to conclude that the subject matter conforms in all material respects with identified suitable criteria.

It refers to the professional accountant having obtained sufficient evidence to conclude that he has no knowledge of any required modifications to be made in the financial statements in order for them to conform of prescribed criteria.

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 chartered certified accountants, to advance information...

Questions: 33 | Attempts: 7802 | Last updated: Mar 22, 2023

Sample Question
Compliance audits evaluate the efficiency and effectiveness of any part of an organization's operating procedures and methods.

True

False

Auditing Multiple Choice - Mid-term #2

As you prepare for your midterm exams the quiz below is the second of a series of tests aimed at helping you get an idea of what to expect come exam time. The questions cover most of what you have learnt in class. Try them...

Questions: 61 | Attempts: 2524 | Last updated: Mar 22, 2023

Sample Question
Which of the following is an effective audit planning procedure that helps prevent misunderstandings and inefficient use of audit personnel?

Arrange to make copies, for inclusion in the audit files, of those client supporting documents examined by the auditor.

Arrange to provide the client with copies of the audit programs to be used during the audit.

Arrange a preliminary conference with the client to discuss audit objectives, fees, timing, and other information.

Arrange to have the auditor prepare and post any necessary adjusting or reclassification entries prior to final closing.

Recent Quizzes

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 controls, audit opinions, and the purpose of understanding...

Questions: 34 | Attempts: 535 | Last updated: Jan 30, 2023

Sample Question
Which of the following best describes relationships among auditing, attest, and assurance services?

Arrest is a type of auditing service.

Auditing and attest services represent two distinctly different types of services.

Auditing is a type of assurance service.

Assurance is a type of attest service.

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 uncovering the laws which govern the auditing process...

Questions: 15 | Attempts: 6406 | Last updated: Apr 13, 2023

Sample Question
Broadly define, the subject matter of any audit consists of

Financial statement

Economic data

Assertions

Operating data

None of the above

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 position. This is an ultimate auditing knowledge quiz...

Questions: 28 | Attempts: 467 | Last updated: Mar 22, 2023

Sample Question
Which answer is not a approach to internal control evaluation.

Evaluates weaknesses

Modify files to improve system

Know what control procedures have been implemented

Find the threats

Auditing Chapter 7

Quiz based on Auditing and Assurance Services 14e by Arens

Questions: 51 | Attempts: 1835 | Last updated: Mar 22, 2023

Sample Question
Which of the following forms of evidence is most reliable?

General ledger account balances.

Confirmation of accounts receivable balance received from a customer.

Internal memo explaining the issuance of a credit memo.

Copy of month-end adjusting entries.

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

Sample Question
IT has several significant effects on an organization. Which of the following would not be important from an auditing perspective?

Organizational changes.

The visibility of information.

The potential for material misstatement.

None of the above; i.e., they are all important.

Auditing Theory

This Auditing Theory quiz assesses knowledge of ethical standards, compliance, and audit efficiency within the accounting profession. It covers AICPA conduct codes, governmental audit reporting, and sampling risks, aiming to...

Questions: 10 | Attempts: 1128 | Last updated: Mar 22, 2023

Sample Question
Which organizations operate to enforce ethical conduct among certified public accountants?

The SEC and state boards of accountancy.

The AICPA, state societies of CPAs, and state boards of accountancy.

The AICPA, state societies of CPAs, and the SEC.

The National Association of State Boards of Accountancy.

An Advanced Auditing Practice Test!

An audit is carried out in firms to affirm that their books of accounts reflect a true and fair view of the position of the company and note incidences where fraud has taken place. Test out what you know about audits by taking up...

Questions: 40 | Attempts: 5805 | Last updated: Mar 22, 2023

Sample Question
Independent auditing can best be described as:

A branch of accounting.

A discipline that provides assurance regarding the results of accounting and other functional operations and data.

A professional activity that measures and communicates financial and business data.

A regulatory function that prevents the issuance of improper financial information.

« Previous12 Next »

Auditing Quizzes, Questions & Answers

Top Trending Quizzes

Popular Topics

Recent Quizzes