Qualitative audit factors - Study guides, Class notes & Summaries

CQA Exam 174 Questions with Verified Answers A root cause analysis can best be described as a process that is used to - CORRECT ANSWER determine the basic reason for an undesirable condition Which of the following would NOT normally be used as a major category in a cause and effect diagram? - CORRECT ANSWER Modifications Which two of the following conditions must be met in order to infer statistical significance about the results of an audit sample? - CORRECT ANSWER I. The population ...

Testbank to accompany Audit and assurance 2 nd edition by Leung et al. © John Wiley & Sons Australia, Ltd 2023 Chapter 1: Auditing and governance © John Wiley & Sons Australia, Ltd 2023 1.2 Chapter 1: Auditing and governance Multiple-choice questions 1. The three major professional accounting bodies in Australia are: a. CAANZ, CPA and ASIC. b. CPA Australia, IPA and AARF. c. ATO, AUASB and ASIC. *d. CAANZ, CPA Australia and IPA. The correct option is d. Learning objective 1....

CQA Exam 163 Questions with Verified Answers Audit - CORRECT ANSWER a systematic, independent and documented process for obtaining audit evidence and evaluating it objectively to determine the extent to which audit criteria are fulfilled Product audit - CORRECT ANSWER examination of a particular product or service( hardware, software,processed material) Service audit - CORRECT ANSWER an audit performed on a service product quality audit - CORRECT ANSWER the examination or test of a p...

CQA 2 Exam 122 Questions with Verified Answers A root cause of a nonconformance is defined as a problem that - CORRECT ANSWER must be corrected in order to prevent recurrence when lower tier documents are compared to higher tier documents before the fieldwork starts, the comparison is called a - CORRECT ANSWER desk audit an audit trail is necessary in order to - CORRECT ANSWER show how and when items were reviewed which of the following audit strategies is a common technique to asses...

LOGO HERE Auditing Theory rae Introduction to Assurance and Non-assurance Engagements 1. Which of the following Philippine Standards are to be applied to compilation engagements, agreed-upon procedures and other related standards as specified by the AASC? a. PSAs b. PSREs c. PSAEs d. PSRSs 2. These are issued to provide interpretative guidance and practical assistance to professional accountants in implementing PSAs and to promote good practice. a. Practice statements b. PREPSs, and PRSP...

Chapter 03 Audit Planning, Types of Audit Tests, and Materiality True / False Questions 1. The first phase of audit planning is risk assessment. True False 2. When the prospective client has previously been audited, auditing standards require that the successor auditor make certain inquiries of the predecessor auditor before accepting the engagement. True False 3. The Code of Professional Conduct does not allow an auditor to disclose confidential client information without the client's consen...

Nur3330 Professionalism Exam 1 Review Questions With 100% Verified Answers What are the types of stressors that influence our self-concept - answerBody image, Identity, Altered Self Concept/Self esteem, Role performance. Body image stressors - answerloss of body parts, loss of body functions, disfigurement, unrealistic body ideal Identity stressors - answercultural, social, personal factors (job loss, abuse or neglect, sexuality concerns, repeated failures, conflict with others) Altered ...

Which of the following is the MOST important reason for conducting security awareness programs throughout an enterprise? A. Reducing the risk of a social engineering attack B. Training personnel in security incident response C. Informing business units about the security strategy D. Maintaining evidence of training records to ensure compliance A Which of the following is MOST important to determine when defining risk management strategies? A. Risk assessment criteria B. IT architecture ...

AUDIT Practice Exam 77 Questions with Verified Answers The scope of internal auditing work encompasses a systematic, disciplined approach to evaluating and improving the adequacy and effectiveness of all the following processes except A. Governance. B. Financial statements. C. Control. D. Risk management - CORRECT ANSWER Financial Statements According to the Standards, an internal auditor's role with respect to operating objectives and goals includes: A. Approving the operating objec...

LOGO HERE Auditing Theory rae Introduction to Assurance and Non-assurance Engagements 1. Which of the following Philippine Standards are to be applied to compilation engagements, agreed-upon procedures and other related standards as specified by the AASC? a. PSAs b. PSREs c. PSAEs d. PSRSs 2. These are issued to provide interpretative guidance and practical assistance to professional accountants in implementing PSAs and to promote good practice. a. Practice statements b. PREPSs, and PRSP...