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    AUDIT AND ASSURANCE Practice Questions Part 11

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    Alicia Absolam
    AUDIT AND ASSURANCE Practice questions part 11

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    AUDIT AND ASSURANCE Practice Questions Part 11

    Uploaded by

    Alicia Absolam
    15 views1 page
    AUDIT AND ASSURANCE Practice questions part 11

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    AUDIT AND ASSURANCE Practice questions part 11

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    AUDIT AND ASSURANCE Practice questions part 11

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    15 views1 page

    AUDIT AND ASSURANCE Practice Questions Part 11

    Uploaded by

    Alicia Absolam
    AUDIT AND ASSURANCE Practice questions part 11

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 1

    1.

    Any service that requires a Chartered Accountant (CA) to issue a report about the
    reliability of an assertion that is made by another party is a(n):

    A. Accounting and bookkeeping service


    B. Tax service
    C. Audit

    2. Arkady is an auditor who has been working as part of an audit team of four on the
    audit of a larger listed client for several weeks. During his time there he has often
    interacted with client members of staff and has enjoyed their company. On the last
    day of the audit Arkady is invited out for dinner and drinks by the client staff who
    says, ‘you'll not have to pay for a thing as we will use the company credit card.’
    Which of the following would best describe this situation?

    A. An attempt to bribe the auditor to influence their opinion.


    B. No threat whatsoever.
    C. A sufficiently small self-interest threat that could be avoided by politely declining
    the invite.
    D. A sufficiently large self-interest treat that should be reported to the audit
    partner and declined in no uncertain terms.

    3. Independent CPAs perform audits on the financial statements of issuers. This type
    of auditing can best be described as:

    A. An activity whose purpose is to search for fraud.

    B. A discipline that attests to financial information presented by management.

    C. A professional activity that measures and communicates financial and business


    data.

    D. A regulatory function that prevents the issuance of improper financial


    information.

    1 | Page

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