审计与保证服务一种整合的方法14版题库chap 1Word格式.docx

审计与保证服务一种整合的方法14版题库chap 1Word格式.docx

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3.

Whichofthefollowingisacategoryoffraud?

a

Fraudulentfinancialreporting

Misappropriationofassets

a.

Yes

b.

No

c.

d.

4.

Withrespecttofraudulentfinancialreporting,mostfraudsinvolve:

d

Inventoryorliquidassettheft

Intentionalmisstatementsofamounts

5.

________isfraudthatinvolvestheftofanentity’sassets.

a.Fraudulentfinancialreporting

c

b.A“cookiejar”reserve

c.Misappropriationofassets

d.Incomesmoothing

6.

________involvesdeliberateactionstakenbymanagementtomeetearningsobjectives.

a.Expendituremanagement

b.Earningsmanagement

c.Top-linemanagement

d.Management-by-objective

7.

________isaformofearningsmanagementinwhichrevenuesandexpensesareshiftedbetweenperiodstoreducefluctuationsinearnings.

b.Expensesmoothing

c.Incomesmoothing

d.Eachoftheaboveiscorrect

8.

WhichofthefollowingisoneoftheconditionsforfrauddescribedinSASNo.99?

Attitudes/rationalization

RiskFactors

Opportunities

9.

Fraudulentfinancialreportingmaybeaccomplishedthroughthemanipulationof:

a.assets.

b.revenues.

c.liabilities.

d.alloftheabove

10.

Whoismostlikelytoperpetratefraudulentfinancialreporting?

a.Membersoftheboardofdirectors

b.Productionemployees

c.Managementofthecompany

d.Theinternalauditors

11.

Misappropriationofassetsisnormallyperpetratedby:

a.membersoftheboardofdirectors.

b.employeesatlowerlevelsoftheorganization.

c.managementofthecompany.

d.theinternalauditors.

12.

medium

Whichofthefollowingisnotafactorthatrelatestoopportunitiestocommitfraudulentfinancialreporting?

a.Lackofcontrolsrelatedtothecalculationandapprovalofaccountingestimates.

b.Ineffectiveoversightoffinancialreportingbytheboardofdirectors.

c.Management’spracticeofmakingoverlyaggressiveforecasts.

d.Highturnoverofaccounting,internalaudit,andinformationtechnologystaff.

13.

Themostcommontechniqueusedbymanagementtomisstatefinancialinformationis:

a.overstatementofexpenses.

b.improperrevenuerecognition.

c.understatementofliabilities.

d.understatementofassets.

14.

Whichofthefollowingisafactorthatrelatestoincentivesorpressurestocommitfraudulentfinancialreporting?

a.Significantaccountingestimatesinvolvingsubjectivejudgments.

b.Excessivepressureformanagementtomeetdebtrepaymentrequirements.

15.

Whichofthefollowingisafactorthatrelatestoattitudesorrationalizationtocommitfraudulentfinancialreporting?

d.Highturnoverofaccounting,internalauditandinformationtechnologystaff.

16.

Whichofthefollowingstatementsdescribescircumstancesthatunderlieemployeeincentivestomisappropriateassets?

a.Dissatisfiedemployeesmaystealfromasenseofentitlement.

b.Weakinternalcontrolsencourageemployeestotakechances.

c.Ifmanagementcheatscustomersandgetsawaywithit,thenemployeesbelievetheycandothesametothecompany.

d.Employeeshaveavestedinterestinmakingthecompany’sfinancialstatementserroneous.

17.

Whichofthefollowingisnotafactorthatrelatestoopportunitiestomisappropriateassets?

a.Inadequateinternalcontrolsoverassets.

b.Presenceoflargeamountsofcashonhand.

c.Inappropriatesegregationofdutiesorindependentchecksonperformance.

d.Adverserelationshipsbetweenmanagementandemployees.

18.

Whichofthefollowingisafactorthatrelatestoincentivestomisappropriateassets?

b.Significantpersonalfinancialobligations.

19.

Whichofthefollowingissuesisnormallypartofthe“brainstorming”sessionrequiredbySASNo.99?

Howassetscouldbemisappropriated

Wheretheentity’sfinancialstatementsaresusceptibletomaterialmisstatementsduetofraud

20.

Inthefraudtriangle,fraudulentfinancialreportingandmisappropriationofassets:

a.sharelittleincommon.

b.sharemostofthesameriskfactors.

c.sharethesamethreeconditions.

d.sharemostofthesameconditions.

21.

Sourcesofinformationgatheredtoassessfraudrisksusuallydonotinclude:

a.analyticalprocedures.

b.inquiriesofmanagement.

c.communicationamongauditteammembers.

d.reviewofcorporatecharterandbylaws.

22.

SASNo.99requiresauditorstodocumentwhichofthefollowingmattersrelatedtotheauditor’sconsiderationofmaterialmisstatementsduetofraud?

a.Reasonssupportingaconclusionthatthereisnotasignificantriskofmaterialimproperexpenserecognition.

b.Proceduresperformedtoobtaininformationnecessarytoidentifyandassesstherisksofmaterialfraud.

c.Resultsoftheinternalauditor’sproceduresperformedtoaddresstheriskofmanagementoverrideofcontrols.

d.Discussionswithmanagementregardingseparationofduties.

23.

UnderSASNo.99,auditorsaretopresumethatthereisasignificantriskof:

a.overstatedassets.

b.understatedliabilities.

c.improperrevenuerecognition.

d.overstatedexpenses.

24.

Afterfraudrisksareidentifiedanddocumented,theauditorshouldevaluatefactorsthat______fraudriskbeforedevelopinganappropriateresponsetotheriskoffraud.

a.enhance

b.reduce

c.increase

d.increaseordecrease

25.

Whichofthefollowingpartiesisresponsibleforimplementinginternalcontrolstominimizethelikelihoodoffraud?

a.Externalauditors

b.Auditcommitteemembers

c.Management

d.CommitteeofSponsoringOrganizations

26.

Themosteffectivewaytopreventanddeterfraudisto:

a.implementprogramsandcontrolsthatarebasedoncorevaluesembracedbythecompany.

b.hirehighlyethicalemployees.

c.communicateexpectationstoallemployeesonanannualbasis.

d.terminateemployeeswhoaresuspectedofcommittingfraud.

27.

Fraudawarenesstrainingshouldbe:

a.broadandall-encompassing

b.extensiveandincludedetailsforallfunctionalareas

c.specificallyrelatedtotheemployee’sjobresponsibility

d.focusedonemployeesunderstandingtheimportanceofethics

28.

Aspartofthebrainstormingsessions,auditorsaredirectedtoemphasize:

Theneedforprofessionalskepticism

Theauditteam’sresponsetopotentialfraudrisks

29.

Auditorresponsestofraudrisksincludewhichofthefollowing?

Performprocedurestoresultintheissuanceofaqualifiedopinion

Performprocedurestoaddresstheriskofmanagementoverrideofcontrols

30.

Aspartofdesigningandperformingprocedurestoaddressmanagementoverrideofcontrols,auditorsmustperformwhichofthefollowingprocedures?

Examinealljournalentriesabovethelevelofmateriality

Reviewaccountingestimatesforbiases

31.

Which