Auditing and Attestation (A+ Graded Already)

Assurance Service is? correct answers An assurance service is an independent professional service to improve the quality of information for decision makers Ex: including services related to business performance measurement, health care performance, and information system reliability. Attestati...

The single feature that most clearly distinguishes auditing, attestation, and assurance is a. Type of service. b. Training required to perform the service. c. Scope of services. d. CPA's approach to the service. correct answers C. The primary goal of the CPA in performing the attest functi...

False correct answers T/F: As the acceptable level of detection risk decreases, the assurance directly provided from tests of controls should increase Evaluating the reasonableness of accounting estimates made by management by applying professional skepticism & considering both subjective & objec...

[DEFINE] PCAOB correct answers *PCAOB* = Public Accounting Oversight Board The oversight board responsible for setting all audit standards to be followed on audits of *public* companies How many indicators of audit quality are there? correct answers *28* as of July 2015 How many categories ...

True or False The professional standards consider calculating depreciation expense a "routine" transaction. correct answers FALSE True or False The most reliable form of documentary evidence generally is considered to be documents created by the client. correct answers FALSE True or False A ...

Recomputing the interest earned on the basis of face amount, interest rate, and period held. The audit plan for investments includes making an independent computation of revenue (such as dividends and interest). For example, the auditor may use information from bond certificates (interest rates, pay...

Which of the following is required documentation in an audit in accordance with generally accepted auditing standards? correct answers An audit plan setting forth in detail the procedures necessary to accomplish the engagement's objectives After obtaining an understanding of the entity and its e...

It is always a good idea for auditors to begin an audit with the professional skepticism characterized by the assumption that A potential conflict of interest always exists between the auditor and the management of the enterprise under audit B In audits of financial statements, the auditor acts ex...

Which part of the Certified Public Accountant (CPA) exam has the lowest passing rate? correct answers Auditing and Attestation (AUD) Which is NOT a way to meet the educational requirements to become a Certified Public Accountant (CPA) in the State of Utah: Graduate degree in accounting 120 ...

what are the numbers and descriptions of the AT-C standards? correct answers 105 - Concepts Common to All AT Engagements 205 - Examination Engagements 210 - Review Engagements 215 - Agreed-Upon Procedures Engagements 305 - Prospective Financial Information 310 - Reporting on Pro Forma Financial...