1) In the auditing process A) the type and amounts of evidence remain constant from audit to audit B) the criteria for evaluating information will not very depending on the information being audited C) the audit report communicates the auditor's findings to users. D) records are gathered by the to determine whether the audited 2) Which of the following can be used as a for A) international Financial reporting standards B) Generally accepted principles(GAAP) C) internal Revenue Code(IRC) D) all of the above 3) Recording classifying and summarizing economic events in a logical manner for the propose of providing financial information for decision is called A) finance B) auditing C) accounting D) economics 4) An accountant A) must possess expertise in the accumulation of audit evidence B) must decide the number and types of items to test. C) must have an understanding of the principles and rules that provides the basis for preparing the information. D) must be a CPA. 5) _____ risk reflects the possibility that the information upon which the business decision was made was A) Client acceptance B) information C) Business D) control 6) A correct relationship among the auditor the client and the external users is A) management of a public company hires the independent auditor B) the audit committee of a private company the independent auditor C) the client provides capital to the external uses D) the external uses can rely upon the auditor's report to reduce information risk. 7) the most common way for users the obtain reliable information is to A) have an internal audit B) have an independent audit C) verify all information D) verify the information with 8) in the audit management that the financial statement are started in accordance with what standards? A) regulatory accounting principles B) applicable international accounting standards C) applicable U.S standards D) B and C 9) Any service that requires a CPA firm to issue a report about the reliability of an assertion that is made by another party is a(n) A) accounting and bookkeeping service B) attestation C) assurance service. D)tax service. 10) Audits A) are an assurance service, but not an attestation service. B) are designed to provide absolute assurance that Vie financial statements are tree of material misstatement C) are required tor traded companies to the United States D) do not require the auditor to express their opinion In a written report. 11) An examination of part of an organization's procedures and methods for the purpose of evaluating efficiency and effectiveness is what type of audit? A) operational audit B) compliance audit C) financial statement audit D) production audit 12) An audit to determine whether an entity is (blowing specific procedures or set down by some higher authority is classified as a(n) A) audit of financial statements B) compliance audit. C) operational audit D) production audit