Auditing Quizzes, Questions & Answers

Recent Auditing Quizzes

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: 4326 | 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

Auditing, Last 20 Questions Ch 17

auditing, last 20 questions ch 17

This is the last 20 questions of ch 17. there hard as frozen shit.

Questions: 20 | Attempts: 409 | Last updated: Mar 16, 2023

Sample Question
. In which of the following circumstances would an auditor be most likely to express an adverse opinion?

The statements are not in conformity with the FASB Statements regarding the capitalization of leases

Information comes to the auditor's attention that raises substantial doubt about the entity's ability to continue in existence.

The chief executive officer refuses the auditor access to minutes of board of directors' meetings

Tests of controls show that the entity's internal control is so poor that it can not be relied upon

Auditing Final Part 2

This is for chapter 17 the final part of the auditing segment. This will be awesome i can not wait.

Questions: 47 | Attempts: 560 | Last updated: Mar 21, 2023

Sample Question
1. Audit reports should be dated the date on which the financial statements are issued.

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Do You Understand Auditing For Dummies? Take This Quiz

Do you Understand Auditing for Dummies? Take this Quiz

Recurring analysis of a company's operations and maintaining rigorous systems of internal controls can prevent and detect various forms of fraud and other accounting irregularities. The quiz below covers some facts that...

Questions: 5 | Attempts: 229 | Last updated: Oct 24, 2024

Sample Question
What is an Audit?

A luxury car maker.

An examination and review that produces a detailed report of its findings.

A review of your financial activity.

Auditing Multiple Choice - Mid-term #2

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: 2525 | 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.

An Interesting Quiz On Audit Theory

An interesting quiz on Audit Theory

The objective of an audit of financial statements is to enable the auditor to express an opinion whether the financial statements are prepared, in all material respects, in accordance with an identified financial reporting...

Questions: 9 | Attempts: 2462 | Last updated: Jun 27, 2024

Sample Question
The series of tasks and records of an entity by which transactions are processed as a means of maintaining financial records.

Computer information system

Internal control system

Accounting system

Control environment

Section 9.2â€”quiz: Discovery And Correction

Section 9.2â€”Quiz: Discovery and Correction

Are you an auditor or are into discovery and correction and are up to answering specifically designed questions that gauge your knowledge try out this quiz. It requires attention and precision. All the best in it.

Questions: 10 | Attempts: 247 | Last updated: Mar 19, 2022

Sample Question
During the audit process, when should room rates be verified?

First

After all departmental accounts have been balanced

Before room status discrepancies have been reconciled

Immediately after room rates and taxes have been posted

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