100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Test Bank For Auditing A Practical Approach with Data Analytics, 2nd Edition by Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton All Chapters A+ $10.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Auditing: A Practical Approach With Data Analytics
  4.  
  5. Auditing: A Practical Approach with Data Analytics

Exam (elaborations)

Test Bank For Auditing A Practical Approach with Data Analytics, 2nd Edition by Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton All Chapters A+

 17 views  1 purchase
  • Course
  • Auditing: A Practical Approach with Data Analytics
  • Institution
  • Auditing: A Practical Approach With Data Analytics
  • Book
  • Auditing

Test Bank For Auditing A Practical Approach with Data Analytics, 2nd Edition by Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton All Chapters A+

Preview 4 out of 850  pages

Document information

  • October 11, 2024
  • 850
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • test bank for auditing a practical approach with d
  • auditing a practical approach with data analytics
  • a practical approach with data analytics 2nd edit
  • 2nd edition by raymond n johnson laura davis wil

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

  • Test Bank For Auditing: A Practical Approach with Data Analytics 2nd Edition by Laura Davis Wiley, Raymond N. Johnson and Robyn Moroney . All Chapters (1-16) Latest 2024 A+
  • TEST BANK for Auditing: A Practical Approach with Data Analytics 2nd Edition by Laura Davis Wiley, Raymond N. Johnson and Robyn Moroney
  • TEST BANK for Auditing: A Practical Approach with Data Analytics 2nd Edition by Laura Davis Wiley, Raymond N. Johnson and Robyn Moroney, All Chapters 1-16 (Complete Download).
All for this textbook (52)

Written for

  • Auditing: A Practical Approach with Data Analytics
All documents for this subject (24)

Seller

avatar-seller
TestBankStuvia

Reviews received

Content preview

TEST BANK for Auditing: A Practical Approach with
Data Analytics 2nd Edition by Laura Davis Wiley,
Raymond N. Johnson and Robyn Moroney ISBN-.
All Chapters 1-16 (Complete Download).

, Table of Contents

Chapter 1: Introduction and Overview of Audit and Assurance

Chapter 2: Professionalism and Professional Responsibilities

Chapter 3: Risk Assessment Part I: Audit Risk and Audit Strategy

Chapter 4: Risk Assessment Part II: Understanding the Client

Chapter 5: Audit Evidence

Chapter 6: Gaining an Understanding of the Client's System of Internal

Control

Chapter 7: Audit Data Analytics


Chapter 8: Risk Response: Performing Tests of Controls

Chapter 9: Risk Response: Performing Substantive Procedures

Chapter 10: Risk Response: Evaluating Audit Data Analytics and Audit

Sampling

Chapter 11: Auditing the Revenue Process


Chapter 12: Auditing the Purchasing and Payroll Processes

,Chapter 1




Introduction and Overview of Audit

and Assurance

Question Type: True or False




1. GAAP and IFRS are examples of applicable financial reporting framework.

A. True

B. False

Answer: A, Taxonomy: Knowledge, Difficulty: Easy, AICPA FC: Reporting, AACSB:

Communication, Learning Objective: LO1.1, Solution: The applicable financial reporting

framework refers to the set of standards used in preparing the historical financial statements,

such as GAAP, IFRS or a Federal Income Tax Basis of Accounting.




2. Review of financial forecasts falls under attestation services.

A. True

B. False

Answer: A, Taxonomy: Knowledge, Difficulty: Easy, AICPA FC: Measurement Analysis and



4

, Interpretation, AACSB: Ethics, Learning Objective: LO1.1, Solution: Attestation services (under

the umbrella of assurance services) include review of historical financial statements, review of

financial forecasts, and examination of internal control.




3. Within a U.S. context, the applicable financial reporting framework is typically Generally

Accepted Accounting Principles (GAAP).

A. True

B. False

Answer: A, Taxonomy: Knowledge, Difficulty: Easy, AICPA FC: Measurement Analysis and

Interpretation, AACSB: Ethics, Learning Objective: LO1.2, Solution: Within a U.S. context, the

applicable financial reporting framework is typically generally accepted accounting principles

(GAAP).



4. Private companies, or non-issuers, are not required by the U.S. government to have an

annual financial statement audit

A. True

B. False

Answer: A, Taxonomy: Knowledge, Difficulty: Easy, AICPA FC: Reporting, AACSB: Analytic,

Learning Objective: LO1.2, Solution: Private companies, or non-issuers, are not required by the

U.S. government to have an annual financial statement audit, but often other interested users,

such as a bank or lender, may request that a private company provide audited financial

statements.




5

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TestBankStuvia. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.99  1x  sold
  • (0)
  Add to cart