Identify a service that falls under audit services.

a.review of financial forecast

b.compilation of historical financial statements

c.inspection of website security

d.examination of historical financial statements

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Question 2

3pts

Examination of internal controls is a service that comes under _______ services, which fall under _______ services.

Group of answer choices

attestation; assurance

acceptable; assurance

attestation; audit

assurance; attestation

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Question 3

3pts

Which two audits does an integrated audit combine?

Group of answer choices

A performance audit and an environmental audit

A financial statement audit and a compliance audit

A compliance audit and an audit of the effectiveness of ICFR

A financial statement audit and an audit of the effectiveness of ICFR

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Question 4

3pts

What is a compliance audit?

Group of answer choices

an evaluation and improvement of risk management, internal control procedures and elements of the governance process

an assessment of the economy, efficiency and effectiveness of an organization's operations

an audit to determine whether the entity has conformed with regulations, rules or processes

an assessment of the company's financial statements

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Question 5

3pts

If the auditors do not have access to all the information relevant to the audit, this is known as a(an) ________.

Group of answer choices

sampling technique

material misstatement

limitation in scope

estimate

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Question 6

3pts

Which of the following is a private professional membership organization of CPAs representing the accounting profession?

Group of answer choices

AICPA

PCAOB

IAASB

ASB

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Question 7

3pts

Which act created the Public Company Accounting Oversight Board, which oversees the audits of public companies?

Group of answer choices

The Securities Exchange Act of 1934

The Companies Act 2006

The Securities Act of 1933

The SOX Act of 2002

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Question 8

0.5pts

The rules of AICPA Code of Professional Conduct are applicable to members in public practice only.

Group of answer choices

True

False

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Question 9

0.5pts

An adverse interest threat is a threat that a CPA will not act with objectivity because the CPA's interests are opposed to the client's interests.

Group of answer choices

True

False

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Question 10

0.5pts

Partners and managers with consultation, oversight, or review responsibilities related to the engagement are covered members.

Group of answer choices

True

False