Which of the following is not one of management's assertions?
A. Valuation and Allocation
B. Presentation and Disclosure
C. Discussion and Analysis
D. Completeness - C. Discussion and Analysis
Which of the following is commonly known as the "except for" opinion?
A. Unqualified Opinion
B. Qualified Opinion
C. Disclaimer of Opinion
D. Adverse Opinion - B. Qualified Opinion
__________ is (are) an auditor's tendency not to accept management assertions without corroboration,
a tendency to ask management to "prove it" with evidence.
A. Professional Skepticism
B. Auditor Independence
C. Management Assertions
D. Assurance - A. Professional Skepticism
A(n) __________ is a list of the audit procedures need to perform to gather sufficient appropriate
evidence on which to base their opinion in the financial statements.
A. Scope
, B. Assertion
C. Audit Plan
D. Inherent Risk Assessment - C. Audit Plan
Which of the following types of evidence is the least persuasive?
A. External Evidence
B. The Auditor's Direct Knowledge
C. Internal Evidence
D. Verbal Evidence - D. Verbal Evidence
What criteria is used by auditors to conduct their auditing work?
A. GAAP
B. GAAS
C. Internal Revenue Code
D. AICPA Book of Auditing - B. GAAS
What is the only opinion in which the auditor does not have to explain the reasons for the opinion
issued?
A. Unqualified
B. Qualified
C. Adverse
D. Disclaimer of Opinion - A. Unqualified
Which of the following is an example of external evidence?
A. Depreciation Schedules
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