Auditingtest bank chapter 9Word下载.docx

Auditingtest bank chapter 9Word下载.docx

《Auditingtest bank chapter 9Word下载.docx》由会员分享，可在线阅读，更多相关《Auditingtest bank chapter 9Word下载.docx（47页珍藏版）》请在冰豆网上搜索。

D）relevant.

Answer:

A

Terms:

FASBStatementNo.2;

Probablejudgmentofareasonableperson

Diff:

Easy

Objective:

LO9-1

AACSB:

Reflectivethinkingskills

2）Thescopeparagraphofthestandardunqualifiedauditor'

sreportstatesthat"

…thestandardsrequirethatweplanandperformtheaudittoobtain________assuranceaboutwhetherthefinancialstatementsarefreeofmaterialmisstatement."

Whattypeofassuranceisgiven?

A）Immediate

B）Limited

C）Reasonable

D）Absolute

C

Typeofassuranceprovided

3）Auditorsareresponsiblefordeterminingwhetherfinancialstatementsaremateriallymisstated,soupondiscoveringamaterialmisstatementtheymustbringittotheattentionof:

A）regulators.

B）theauditfirm'

smanagingpartner.

C）theclientshareholders.

D）theclient.

D

Discoveryofamaterialmisstatementmustbringittotheattention

4）Determiningmaterialityrequiresprofessionaljudgment.

A）True

B）False

Materiality

LearningObjective9-2

1）Auditstandardsrequiretheauditortoconsidermaterialityearlyintheaudit.Whichstatement（s）regardingpreliminarymaterialityaretrue?

I.Preliminarymaterialitymaychangeduringtheengagement.

II.Preliminarymaterialityisthemaximumamountbywhichtheauditorbelievesthefinancialscouldbemisstatedandstillnotaffectthedecisionsofreasonableusers.

A）Ionly

B）IIonly

C）bothIandII

D）neitheraretrue

Preliminarymaterialityassessment

LO9-2

2）Whydoauditorsestablishapreliminaryjudgmentaboutmateriality?

A）Todeterminetheappropriatelevelofstafftoassigntotheaudit

B）Sothattheclientcanknowwhatrecordstomakeavailabletotheauditor

C）Tohelpplantheappropriateevidencetoaccumulate

D）Tofinalizethecontrolriskassessment

Purposetoestablishpreliminaryjudgmentaboutmateriality

3）Ifanauditorestablishesarelativelyhighlevelformateriality,thentheauditorwill:

A）accumulatemoreevidencethanifalowerlevelhadbeenset.

B）accumulatelessevidencethanifalowerlevelhadbeenset.

C）accumulateapproximatelythesameevidenceaswouldbethecasewerematerialitylower.

D）accumulateanundeterminedamountofevidence.

B

Highlevelformateriality

4）Thepreliminaryjudgmentaboutmaterialityandtheamountofauditevidenceaccumulatedare________related.

A）directly

B）indirectly

C）not

D）inversely

Preliminaryjudgmentaboutmaterialityandamountofevidenceaccumulated

5）Whichofthefollowingistheprimarybasisusedtodecidematerialityforafor-profitentity?

A）Netsales

B）Netassets

C）Netincomebeforetax

D）Alloftheabove

Primarybasistodecidematerialityforafor-profitentity

6）Auditingstandards________thatthebasisusedtodeterminethepreliminaryjudgmentaboutmaterialitybedocumentedintheauditfiles.

A）permit

B）donotallow

C）require

D）stronglyencourage

Auditingstandards;

Preliminaryjudgmentaboutmaterialitydocumented

7）Amountsinvolvingfraudareusuallyconsidered________importantthanunintentionalerrorsofequaldollaramounts.

A）less

B）noless

C）nomore

D）more

Amountsinvolvingfraud

8）Qualitativefactorscanaffectanauditor'

sassessmentofmateriality.Whichofthefollowingstatementsistrue?

I.Misstatementsthatareotherwiseimmaterialmaybematerialiftheyaffectearningstrends.

II.Misstatementsthatareotherwiseminormaybematerialiftherearepossibleconsequencesarisingfromcontractualobligations.

C）IandII

D）neitherInorII

Qualitativefactorscanaffectauditor'

sassessmentofmateriality

9）Thefivestepsina