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Please give all correct answer of multiple choice questions ...Note : no explanation is required only the number of question followed by the correct answer
Please give all correct answer of multiple choice questions ...Note : no explanation is required only the number of question followed by the correct answer
Question 1 Which of the following statements is not correct in a Reasonable assurance engagement. Answer saved Marked out of 0.50 P Flag question a. The procedures performed are normally restricted to enquiry and analytical procedures b. The practitioner will state whether the subject matter conforms with the identified suitable criteria, in all material respects Oc. The practitioner gives a positively worded assurance opinion Od. The practitioner gathers sufficient appropriate evidence to be able to draw reasonable conclusions Clear my choice Question 2 Not yet answered Imagine you are an audit manager for PWT Oman - an audit firm based in Muscat, you have just been asked by one of your existing clients, Ajman corporation, for help in compliance with corporate governance guidelines because they are about to obtain a stock exchange listing. They have sent you the following information: there are currently a total of 8 directors, only 2 of which have a non-executive role. You are required to identify from the following whether it is a corporate governance weakness or strength and choose the correct recommendations. Marked out of 0.50 P Flag question O a. yes, it is a weakness, however if shareholders agree they can continue O b. No, it is not a weakness, so no recommendation required Oc. Yes, it is a weakness and there should be at least 4 non-executive directors O d. None of the options Question 4 A professional accountant should be straightforward and honest in all professional and business relationships, meaning Not yet answered Marked out of 0.50 O a. Objectivity O b. Integrity O c. None of the given options O d. Confidentiality P Flag question Question 6 A significant proportion of should be linked to corporate and individual performance. Not yet answered Marked out of 0.50 O a. Legal advisers remuneration O b. Executive Directors remuneration Oc Shareholders remuneration O d. Auditors remuneration P Flag question Question 7 The auditor reviews the financial statements using less evidence or less detailed audit procedure. You are required to choose the correct type of audit or service matching the above statement. Not yet answered Marked out of 0.50 O a. External audit O b. Interim audit P Flag question Oc Internal audit O d. Review engagement Question 8 Which of the following Threats to The Fundamental Principles of professional ethics, that may occur as a result of the financial interests of a professional accountant in a client company. Not yet answered Marked out of 0.50 P Flag question O a Self-interest threat O b. Advocacy threat Oc Self review threat O d. Intimidation threat Question 9 Directors should be reappointed and they should receive appropriate training when they are first appointed. Not yet answered Marked out of 0.50 O a. Every four years O b. Every two years Oc. Every five years O d. Every three years P Flag question Question 10 As per the corporate governance code, an audit committee should be set up and it should be comprised of minimum 3 nonexecutive directors. You are required to choose from the following the role of an audit committee. Not yet answered Marked out of 0.50 P Flag question O a. Appoint the CEO of the company Ob. Decide the Directors remuneration Oc. Approve remuneration and terms of engagement of the external auditor O d. Appoint all the Directors in a board Question 11 helps, to ensure that corporations take into account the interests of a wide range of constituencies, as well as of the communities within which they operate, and that their boards are accountable to the company and the shareholders. Not yet answered Marked out of 0.50 P Flag question O a. Corporate System O b. Corporate Governance Oc Corporate Structure O d. All of the given options Question 12 Which of the following is not a type of review engagements? Not yet answered Marked out of 0.50 O a. Risk Assessment Reports O b. Review Of Internal Controls Oc. External audit O d. System Reliability Reports P Flag question Question 13 Identify from the following the type of Directors who work in a company on a part-time basis and their remuneration is not based on their performance, Not yet answered Marked out of 0.50 O a. Non Executive Directors O b. Both Executive Directors and Non-Executive Directors Oc. None of the options O d. Executive Directors P Flag question Question 14 Which of the following is an obligation of an auditor? Not yet answered Marked out of 0.50 O a. Involve in clients HR decisions O b. Involve in clients finance decisions Oc Appoint the employees of the client O d. Inspect account books and accounting systems P FlagStep by Step Solution
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