Question
1. Working papers are reviewed at _______ supervisory level(s) of a CPA firm? a. Some b. One c. Every d. Most e. Two 2. Managers
1. Working papers are reviewed at _______ supervisory level(s) of a CPA firm?
a. Some
b. One
c. Every
d. Most
e. Two
2. Managers and partners typically review at the ________ of the engagement timeline?
a. End
b. Planning
c. Commencement
d. Start
e. Middle
3. Concurring partners are often with ______ control standard compliance
a. Internal
b. Quality
c. Inventory
d. External
e. Financial
4. Reviewers are concerned that the _____ all tie together?
a. Sales
b. Numbers
c. Dates
d. Working papers
e. Engagements
5. Reviewers are concerned if immaterial passed misstatements have a _______ material effect?
a. Individual
b. Decreasing
c. Cumulative
d. Positive
e. Negative
6. Many subsequent events may involve the setting of ______
a. Litigation
b. Depreciation
c. Interest
d. Bonds
e. Audits
7. Type 2 subsequent events come into existence _______ the balance sheet date
a. Between
b. Prior to
c. Near
d. After
e. Before
f. Close to
8. Subsequent events need to be disclosed in the financial statements: otherwise the financial statements would be _______
a. Misleading
b. Accurate
c. Audited
d. Fair
e. Precise
9. Type 1 subsequent events require the financial statements to be _____ if needed
a. Audited
b. Adjusted
c. Reissued
d. Compiled
e. Reviewed
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