Question
please i don't want explanation.... JUst answer Concerning errors, irregularities and illegal acts, the auditor should plan the audit with an attitude of: Select one:
please i don't want explanation.... JUst answer
Concerning errors, irregularities and illegal acts, the auditor should plan the audit with an attitude of:
Select one:
professional scepticism.
seasoned pessimism.
adversarial pursuit.
cautious mistrust.
Which of the following would not be considered an analytical procedure?
Select one:
Comparing financial ratio results with industry averages.
Comparing source dockets with journal entries.
Comparing payroll costs with the number of employees.
Comparing actual sales to budgeted sales.
Which of these is not a category of application controls?
Select one:
General controls.
Output controls.
Input controls.
Processing controls.
Restricting the use of the information system to particular authorised personnel by use of passwords is an example of:
Select one:
systems development and maintenance controls.
access controls.
data and procedural controls.
organisational controls.
In general, as an account balance decreases, the amount of evidence required will:
Select one:
increase.
change in an unpredictable fashion.
decrease.
remain the same.
The auditor has determined that, as the assessment of control risk is high, the audit strategy adopted will be the predominantly substantive approach. What is the cost of this audit likely to be?
Select one:
Cannot be determined.
High.
Moderate.
Low.
Testing the work of the internal auditors isleastlikely when the external auditor has decided that:
Select one:
the internal auditors have operating responsibilities as well as their auditing role.
the reports of the internal auditors are consistent with the results of the work performed.
the internal auditors are full-time employees of the client.
the internal auditors will be used to directly assist in the conduct of the audit.
External auditors have a duty to communicate in writing significant deficiencies in internal control to those charged with governance. Which of the following is unlikely to be relevant when determining whether a 'significant deficiency' exists?
Select one:
The importance of controls to the financial reporting process.
The susceptibility to loss or fraud of the related asset.
The likelihood of deficiencies leading to material misstatements in the financial statements in the future.
The extent of substantive procedures performed.
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