20:00

PDF|

Guide for AICPA-CPA-Auditing

Quiz AICPA-CPA-Auditing

10/1016 Questions|Updated on 2022/11/04
Free Test
/ 10

Quiz

1/10
For an entity's financial statements to be presented fairly in conformity with generally accepted accounting principles, the principles selected should:
Select the answer
1 correct answer
A.
Be applied on a basis consistent with those followed in the prior year.
B.
Be approved by the Auditing Standards Board or the appropriate industry subcommittee.
C.
Reflect transactions in a manner that presents the financial statements within a range of acceptable limits.
D.
Match the principles used by most other entities within the entity's particular industry.

Quiz

2/10
Which of the following statements is correct concerning an auditor's responsibilities regarding financial statements?
Select the answer
1 correct answer
A.
An auditor may not draft an entity's financial statements based on information from management's accounting system.
B.
The adoption of sound accounting policies is an implicit part of an auditor's responsibilities.
C.
An auditor's responsibilities for audited financial statements are confined to the expression of the auditor's opinion.
D.
Making suggestions that are adopted about an entity's internal control environment impairs an auditor's independence.

Quiz

3/10
Which of the following provides the most authoritative guidance for an auditor?
Select the answer
1 correct answer
A.
An AICPA audit and accounting guide that provides specific guidance with respect to the accounting practices in the client's industry.
B.
A Journal of Accountancy article discussing implementation of a new standard.
C.
General guidance provided by a Statement on Auditing Standards.
D.
Specific guidance provided by an interpretation of a Statement on Auditing Standards.

Quiz

4/10
Which of the following accurately depicts the auditor's responsibility with respect to Statements on Auditing Standards?
Select the answer
1 correct answer
A.
The auditor is required to follow the guidance provided by the Standards, without exception.
B.
The auditor is generally required to follow the guidance provided by Standards with which he or she is familiar, but will not be held responsible for departing from provisions of which he or she was unaware.
C.
The auditor is generally required to follow the guidance provided by the Standards, unless following such guidance would result in an audit that is not cost-effective.
D.
The auditor is generally required to follow the guidance provided by the Standards, and should be able to justify any departures.

Quiz

5/10
In the first audit of a new client, an auditor was able to extend auditing procedures to gather sufficient evidence about consistency. Under these circumstances, the auditor should:
Select the answer
1 correct answer
A.
Not report on the client's income statement.
B.
Not refer to consistency in the auditor's report.
C.
State that the consistency standard does not apply.
D.
State that the accounting principles have been applied consistently.

Quiz

6/10
The third general standard states that due care is to be exercised in the performance of an audit. This standard is ordinarily interpreted to require:
Select the answer
1 correct answer
A.
Thorough review of the existing safeguards over access to assets and records.
B.
Limited review of the indications of employee fraud and illegal acts.
C.
Objective review of the adequacy of the technical training and proficiency of firm personnel.
D.
Critical review of the judgment exercised at every level of supervision.

Quiz

7/10
The concept of materiality would be least important to an auditor when considering the:
Select the answer
1 correct answer
A.
Adequacy of disclosure of a client's illegal act.
B.
Discovery of weaknesses in a client's internal control.
C.
Effects of a direct financial interest in the client on the CPA's independence.
D.
Decision whether to use positive or negative confirmations of accounts receivable.

Quiz

8/10
An auditor of a nonpublic company must conduct the audit in accordance with: ?I: ASB standards. II. PCAOB standards.
Select the answer
1 correct answer
A.
ASB standards. II. PCAOB standards. Answr 5:
B.
ASB standards. II. PCAOB standards.
C.
I.
D.
Both I and II.
E.
Either I or II, but not both.
F.
II.

Quiz

9/10
Because of the risk of material misstatement, an audit of financial statements in accordance with generally accepted auditing standards should be planned and performed with an attitude of:
Select the answer
1 correct answer
A.
Objective judgment.
B.
Independent integrity.
C.
Professional skepticism.
D.
Impartial conservatism.

Quiz

10/10
Which of the following is not an example of the application of professional skepticism?
Select the answer
1 correct answer
A.
Designing additional auditing procedures to obtain more reliable evidence in support of a particular financial statement assertion.
B.
Obtaining corroboration of management's s through consultation with a specialist.
C.
Inquiring of prior year engagement personnel regarding their assessment of management's honesty and integrity.
D.
Using third party confirmations to provide support for management's representations.
Looking for more questions?Buy now

AICPA-CPA-Auditing Practice test unlocks all online simulator questions

Thank you for choosing the free version of the AICPA-CPA-Auditing practice test! Further deepen your knowledge on AICPA Simulator; by unlocking the full version of our AICPA-CPA-Auditing Simulator you will be able to take tests with over 1016 constantly updated questions and easily pass your exam. 98% of people pass the exam in the first attempt after preparing with our 1016 questions.

BUY NOW

What to expect from our AICPA-CPA-Auditing practice tests and how to prepare for any exam?

The AICPA-CPA-Auditing Simulator Practice Tests are part of the AICPA Database and are the best way to prepare for any AICPA-CPA-Auditing exam. The AICPA-CPA-Auditing practice tests consist of 1016 questions and are written by experts to help you and prepare you to pass the exam on the first attempt. The AICPA-CPA-Auditing database includes questions from previous and other exams, which means you will be able to practice simulating past and future questions. Preparation with AICPA-CPA-Auditing Simulator will also give you an idea of the time it will take to complete each section of the AICPA-CPA-Auditing practice test . It is important to note that the AICPA-CPA-Auditing Simulator does not replace the classic AICPA-CPA-Auditing study guides; however, the Simulator provides valuable insights into what to expect and how much work needs to be done to prepare for the AICPA-CPA-Auditing exam.

BUY NOW

AICPA-CPA-Auditing Practice test therefore represents an excellent tool to prepare for the actual exam together with our AICPA practice test . Our AICPA-CPA-Auditing Simulator will help you assess your level of preparation and understand your strengths and weaknesses. Below you can read all the quizzes you will find in our AICPA-CPA-Auditing Simulator and how our unique AICPA-CPA-Auditing Database made up of real questions:

Info quiz:

  • Quiz name:AICPA-CPA-Auditing
  • Total number of questions:1016
  • Number of questions for the test:50
  • Pass score:80%

You can prepare for the AICPA-CPA-Auditing exams with our mobile app. It is very easy to use and even works offline in case of network failure, with all the functions you need to study and practice with our AICPA-CPA-Auditing Simulator.

Use our Mobile App, available for both Android and iOS devices, with our AICPA-CPA-Auditing Simulator . You can use it anywhere and always remember that our mobile app is free and available on all stores.

Our Mobile App contains all AICPA-CPA-Auditing practice tests which consist of 1016 questions and also provide study material to pass the final AICPA-CPA-Auditing exam with guaranteed success. Our AICPA-CPA-Auditing database contain hundreds of questions and AICPA Tests related to AICPA-CPA-Auditing Exam. This way you can practice anywhere you want, even offline without the internet.

BUY NOW