Chapter13finalWord格式.docx
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c.2,3,and5.
d.2,3,and4.
3.
Collectively,proceduresperformedtoobtainanunderstandingoftheentityanditsenvironment,includinginternalcontrols,representtheauditor’s:
c
b.testsofcontrols.
c.riskassessmentprocedures.
d.testsoftransactions.
4.
Forefficiency,testsofcontrolsarefrequentlydoneatthesametimeas:
a.analyticalprocedures.
b.compliancetests.
c.testsoftransactions.
d.testsofdetailsofbalances.
5.
Whichofthefollowingproceduresarefrequentlyperformedinresponsetotheauditor’sassessmentoftheriskofmaterialmisstatement?
d
a.Analyticalprocedures
b.Testsoftransactions
c.Testsofdetailsofbalances
d.Alloftheabove
6.
Inwhichstage(s)ofanauditcananalyticalproceduresbeperformed?
a.Intheplanningstage.
b.Inconjunctionwithtestsoftransactionsandtestsofdetailsofbalances.
c.Inthecompletionstage.
d.Duringallthreestages.
7.
Testsofcontrolsmayincludewhichofthefollowingtypesofevidence?
a.Observation
b.Reperformance
c.Observation
8.
Thepurposeoftestsofcontrolsistoprovidereasonableassurancethatthe:
a.accountingtreatmentoftransactionsandbalancesisvalidandproper.
b.internalcontrolproceduresarefunctioningasintended.
c.entityhascompliedwithGAAPdisclosurerequirements.
d.entityhascompliedwithrequirementsofqualitycontrol.
9.
Inthecontextofanauditoffinancialstatements,substantivetestsareauditproceduresthat:
a.maybeeliminatedundercertainconditions.
b.aredesignedtodiscoversignificantsubsequentevents.
c.maybeeithertestsoftransactions,testsofbalances,oranalyticaltests.
d.willincreaseproportionatelywiththeauditor’srelianceoninternalcontrol.
10.
Whichofthefollowingisnotusefulforobtaininganunderstandingofinternalcontrols?
medium
a.Makeinquiriesoftheclient’spersonnel.
b.Examinedocumentsandrecords.
c.Readindustrytrademagazines.
d.Observeclientactivitiesandoperations.
11.
Asystemwalkthroughisusedto:
a.testbalances.
b.testdetailsoftransactions.
c.gainanunderstandingofinternalcontrols.
d.achievealloftheabove.
12.(Public)
PCAOBStandard2_______theauditortoperformwalkthroughsofsignificantprocesses.
a.encourages
b.requires
c.doesnotallow
d.permits
13.
Themostimportantconsiderationindevelopingtheauditplanandauditprogramisthe:
a.client’ssize.
b.client’sindustry.
c.auditfirm’savailablepersonnel.
d.theauditriskmodelusedinitsplanningform.
14.
Testsofcontrolsaredirectedtowardthecontrol’s:
a.efficiency.
b.effectiveness.
c.efficiencyandeffectiveness.
d.costbenefitratio.
15.
Whentheauditorfindsthattherearemissingcontrolsinanareaoftheaccountingsystem,theauditprograminthatareawouldbemodifiedinsuchawayasto:
a.increasetheamountoftestsofcontrols.
b.increasetherelianceontestsofcontrols.
c.causetheissuanceofaqualifiedoradverseopinion.
d.eliminatetheneedforatestofcontrols.
16.
Aproceduredesignedtotestformonetarymisstatementsdirectlyaffectingthecorrectnessoffinancialstatementbalancesisa:
a.testofcontrols.
b.substantivetest.
c.testofattributes.
d.monetary-unitsamplingtest.
17.
Whichofthefollowingisnotappropriateforpurposesoftestingtheeffectivenessofcontrols?
a.Makeinquiriesofclientpersonnel.
b.Evaluatepriorexperiencewiththeclient.
c.Observecontrol-relatedactivities.
d.Reperformclientprocedures.
18.
Whichofthefollowingisnotadirectresultofperforminganalyticalprocedures?
a.Identifyareasofpotentialmisstatements.
b.Reducedetailedaudittests.
c.Understandtheclient’sbusiness.
d.Identifyspecificerrorsintheaccounts.
19.
Ifnomaterialdifferencesarefoundusinganalyticalproceduresandtheauditorconcludesthatmisstatementsarenotlikelytohaveoccurred:
a
a.othertestsmaybereduced.
b.itwillbenecessarytoincreasethetestsofbalances.
c.itwillnotbenecessarytoperformtestsofbalances.
d.itwillbenecessarytoincreasethetestsoftransactions.
20.
Theprimaryemphasisinmosttestsofdetailsofbalancesisonthe:
a.balancesheetaccounts.
b.incomestatementaccounts.
c.cashflowstatementaccount.
d.alloftheabove.
21.
Analyticalproceduresaredefinedintheauditingstandardsas:
a.compliancetests.
b.substantivetests.
c.testsofcontrols.
d.helpfulproceduresnotpossessingthevalidityofothertestsavailabletotheauditor.
22.
Testsoftransactionsareusedtodeterminewhether___________havebeensatisfied.
a.compliancetestrequirements.
b.balancecoveragerequirements.
c.transaction-relatedauditobjectives.
d.anyoftheabove
23.
Whichofthefollowingstatementsisnottrue?
a.Analyticalproceduresemphasizetheoverallreasonablenessoftransactionsandbalances.
b.Testsofcontrolsareconcernedwithevaluatingwhethercontrolsaresufficientlyeffectivetojustifyreducingcontrolriskandtherebyreducinganalyticalreviewprocedures.
c.Substantivetestsoftransactionsemphasizetheverificationoftransactionsrecordedinthejournalsandthenpostedinthegeneralledger.
d.Testsofdetailsofbalancesemphasizetheendingbalancesinthegeneralledger.
24.
Whichofthefollowingaudittestsisusuallytheleastcostlytoperform?
a.Analyticalprocedures.
b.Testsofcontrols.
c.Testsofbalances.
d.Substantivetestsoftransactions.
25.
Whichofthefollowingaudittestsisusuallythemostcostlytoperform?
26.
Analyticalproceduresmustbeperformedin:
a.theplanningandtestingstages.
b.conjunctionwithtestsoftransactionsandtestsofdetailsofbalances.
c.theplanningandcompletionstages.
d.theplanning,testingandcompletionstages.
27.
Whichofthefollowingtestscommonlyoccurtogether?
a.Substantivetestsoftransactionsandtestsofcontrols.
b.Substantivetestsoftransactionsandobtaininganunderstandingofinternalcontrols.
c.Analyticalproceduresandtestsofcontrols.
d.Alloftheabovecommonlyoccurtogether.
28.
Whichofthefollowingrelationshipsbetweentypesoftestsandauditevidenceisnotcorrect?
a.Testsofdetailsanddocumentation.
b.Testsofcontrolsandobservation.
c.Testsofdetailsandobservation.
d.Substantivetestsoftransactionsandreperformance
29.
Testsofcontrolsaregenerallyviewedaslessexpensivethantestsofdetails.Whichofthefollowingisnotareasonthattestsofcontrolsarelessexpensive?
a.Auditorsgenerallymakeinquiriesandobservationsoftheclientresultinginlittleauditortimebeinginvested.
b.Testsofcontrolsareoftendoneonalargenumberofitemsinaveryshortperiodoftime.
c.Auditsoftwareoftenmakestestingcontrolsveryeasyandfast.
d.Alloftheabovearereasonsthattestsofcontrolsarelessexpensivethantestsofdetails.
30.
Anincreasedextentoftestsofcontrolsismostlikelytooccurwhen:
a.itisafirst-yearaudit.
b.theauditorisdoinga“fraudaudit.”
c.controlsareeffectiveandthepreliminarycontrolriskassessmentislow.
d.controlsareineffectiveandthepreliminarycontrolriskassessmentishigh.
31.
Manyauditorsperformextensiveanalyticalproceduresonauditsbecause:
a.theyarerequiredbyGAAS.
b.theypinpointerrorsinaccounts.
c.theyindicateareasofpotentialriskandmisstatement.
32.(Public)
Whichofthefollowingtypesofprocedureswillbeperformedinanauditofinternalcontroloverfinancialreporting?
a.Procedurestoobtainanunderstandingofinternalcontrol
b.Testsofcontrols
c.Bothaandb
d.Eitheraorb,butnotboth
33.
Testsofdetailsofbalancesfocuson:
a.beginningoftheyearbalances.
b.endoftheyearbalances.
c.transactiondetailsfortheperiodunderaudit.
34.
AuditorswhotestmanualcontrolsthatrelyonIT-generatedreportsmustconsider:
a.thebenefitsofrelyingonIT-generatedreports.
b.theeffectivenessofmanagement’sreview.
c.thecontrolsrelatedtotheaccuracyoftheinformationinthereport.
d.bothbandc.
35.
Whenanauditorbelievesthatanalyticalproceduresindicateareasonablepossibilityofmisstatement,theauditormay: