#JUST TYPE THE ANSWER (A / B/ C) I ONLY HAVE 15 MINUTES. PLEASE

1. which situation will result an auditor to issue qualified opnin report?

a.unable to observe physical inventory count

b.inadequate accounting records

c.disagreement with the management on provision for losses

2. which document is the second transaction trail of revenue cycle?

a.sales order

b.sales invoice

c.credit approval form

3.to understand clients business and operation, which is the best source?

a.the attorney billings

b.the corporate meeting minutes

c.the clients website

4.which is correct between materiality level of misstatement and audit opninion?

a.material and qualified

b.highly material and unqualified

c.immaterial and adverse

5.which audit objective can be archieved when price test are performed to inventory?

a.accuracy

b.completeness

c.existance

6.which factor can be associated with significant judements and subjectivity involved in determining the value of provision for doubtful debt?

a.complexity of revenue recognition

b.industry related factor

c.difficulty of audit transavtions account balances

7.who conducts operational and compliance audit?

a. a government auditor.

b.an external auditor.

c. an internal auditor

8. which term defines an act of two or more employees conspiring to steal assets?

a.fraud

b.collusion

clapping

9.what is the importance of material requisition document?

a.it summaries the perpetuak inventory record.

b.it records the type and amount of prduct in hand.

c. it tracks material during the production prcess.

10.what is the meaning of fair view?

a.information which is free from bias and discrimination.

b.information on the financial statements based n facts.

c.information oninternal control system.

11. who requires the use of critical anylysis and investigative skills?

a.a financial statement auditor

b. a government auditor

c. a forensic auditor

12.what is the menaning of kiting?

a. its a scheme that involves altering the accounts receivable account of the balance sheets when cash is that intended for the payment of a receivable is stolen.

b. its the act of misrepresenting the value of financial instrument for the purpose of extending credit bligation or increase financial leverage.

c.its misappropriation of resyrces such as cash and inventories.

13.which type of asset is associateted with franchise fees and patents?

a.current asset

b.intangible asset

c.fixed asset

14.which type of control encourages a responses from custmers if the balance is improperly stated?

a. evaluating clients record keeping.

b.sending computer generated montly statement.

c.ensuring that all dcuments used are prenumbered.

15. which of the following is a cause of lapping?

a. giving autoruty,custody, and rescoridng to one person

b.frequent balance enquires by customers.

c.frequent deposits

16. which standard is related to property, plant and equipment?

a.frs 117

b. frs 118

c. frs 116

17. which control mechanism prevents various types of mistatemment due to error and fraud?

a.segregation of duties

b. pre-numbered documents

c.internal verition procedures

18. what meant by walk through test?

a. reperforming calculations and bookkeeping procedures

b.obervation of personnel in the performance of their duties.

c.a prcedures that involves tracing a few transactions through the accouting system.

19. which relates to audir materialty?

a. isa 400

b. isa 320

c. isa 520

20. which standard defines inventory?/

a. frs100

b. frs102

c. frs 101