Friday, November 22, 2013

Audit Check List

Chapter 6 Multiple-Choice Questions |1. |The objective of the ordinary audit of pecuniary narratives is the materialisation of an opinion on: | |easy |a. the fairness of the monetary statements. | |a |b. the accuracy of the financial statements. | | |c. the accuracy of the annual report. | | |d. the vestibular sense sheet of paper and income statement. | | | | |2. |If the auditor believes that the financial statements are not fairly say or is unable to reach an testify | |easy |because of light evidence, the auditor: | |c |a. should withdraw from the engagement.
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! | | |b. should request an increase in audit fees so that more resources canful be utilize to conduct the audit. | | |c. has the responsibility of notifying financial statement users through the auditors report. | | |d. should notify regulators of the circumstances. | | | | |3. |Auditors accumulate evidence to:...
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