Test Bank for Auditing and Assurance
Services, 17th Edition by Alvin A Arens
All 26 Chapters
UDITING
AND ASSURANCE SERVICES
AN INTEGRATED APPROACH
ALVIN A. ARENS • RANDAL J. ELDER •
MARK S. BEASLEY • CHRIS E.
HOGAN
,Table of Content
Part 1 The Auditing Profession
Chapter 1 The Demand for Audit and Other
Assurance Services Chapter 2 The CPA Profession
Chapter 3 Audit Reports
Chapter 4 Professional
Ethics Chapter 5 Legal
Liability
Part 2 The Audit Process
Chapter 6 Audit Responsibilities and
Objectives Chapter 7 Audit Evidence
Chapter 8 Audit Planning and Materiality
Chapter 9 Assessing the Risk of Material
Misstatement Chapter 10 Assessing and
Responding to Fraud Risks Chapter 11 Internal
Control and COSO Framework
Chapter 12 Assessing Control Risk and Reporting on Internal
Controls Chapter 13 Overall Audit Strategy and Audit
Program
Part 3 Application of the Audit Process to the Sales and Collection cycle
Chapter 14 Audit of the Sales and Collection Cycle: Tests of
Controls and Substantive Tests of Transactions
Chapter 15 Audit Sampling for Tests of Controls and Substantive
Chapter 16 Completing the Tests in the Sales and Collection
Cycle: Accounts Receivable
Chapter 17 Audit Sampling for Tests of Details of
Balances Part 4 Application of the Audit Process
to Other Cycles
Chapter 18 Audit of the Acquisition and Payment Cycle: Tests of
Controls, Substantive Tests of Transactions, and Accounts
Payable
Chapter 19 Completing the Tests in the Acquisition
and Payment Chapter 20 Audit of the Payroll and
Personnel Cycle
Chapter 21 Audit of the Inventory and Warehousing
Cycle Chapter 22 Audit of the Capital Acquisition and
Repayment Cycle Chapter 23 Audit of Cash and
Financial Instruments
,Part 5 Completing The
Audit Chapter 24
Completing the Audit
Part 6 Other Assurance and Nonassurance
Services Chapter 25 Other Assurance
Services
Chapter 26 Internal and Governmental Financial Auditing
and Operational Auditing
, Page 4
Auditing and Assurance Services, 17e
(Arens/Elder/Beasley) Chapter 1 The Demand for
Audit and Other Assurance Services
Auditing and Assurance Services, (Arens)
Chapter 1 The Demand for Audit and Other Assurance Services
Learning Objective 1-1
1) The Sarbanes-Oxley Act applies to which of the following companies?
A) All companies
B) Privately held companies
C) Public companies
D) All public companies and privately held companies with assets greater than $500 million
Answer: C
Terms: Sarbanes-Oxley Act
Diff: Easy
Objective: LO 1-1
AACSB: Reflective thinking skills
Topic: SOX
2) Which of the following is considered audit evidence?
A)
Oral statements Written Auditor
made by management Communications Observation
Y N N
B)
Oral statements Written Auditor
made by management Communications Observation
N Y Y
C)
Oral statements Written Auditor
made by management Communications Observation
Y Y Y
D)
Oral statements Written Auditor
made by management Communications Observation
N N Y
Answer: C
Terms: Audit evidence
Diff: Moderate
Objective: LO 1-1
2
Services, 17th Edition by Alvin A Arens
All 26 Chapters
UDITING
AND ASSURANCE SERVICES
AN INTEGRATED APPROACH
ALVIN A. ARENS • RANDAL J. ELDER •
MARK S. BEASLEY • CHRIS E.
HOGAN
,Table of Content
Part 1 The Auditing Profession
Chapter 1 The Demand for Audit and Other
Assurance Services Chapter 2 The CPA Profession
Chapter 3 Audit Reports
Chapter 4 Professional
Ethics Chapter 5 Legal
Liability
Part 2 The Audit Process
Chapter 6 Audit Responsibilities and
Objectives Chapter 7 Audit Evidence
Chapter 8 Audit Planning and Materiality
Chapter 9 Assessing the Risk of Material
Misstatement Chapter 10 Assessing and
Responding to Fraud Risks Chapter 11 Internal
Control and COSO Framework
Chapter 12 Assessing Control Risk and Reporting on Internal
Controls Chapter 13 Overall Audit Strategy and Audit
Program
Part 3 Application of the Audit Process to the Sales and Collection cycle
Chapter 14 Audit of the Sales and Collection Cycle: Tests of
Controls and Substantive Tests of Transactions
Chapter 15 Audit Sampling for Tests of Controls and Substantive
Chapter 16 Completing the Tests in the Sales and Collection
Cycle: Accounts Receivable
Chapter 17 Audit Sampling for Tests of Details of
Balances Part 4 Application of the Audit Process
to Other Cycles
Chapter 18 Audit of the Acquisition and Payment Cycle: Tests of
Controls, Substantive Tests of Transactions, and Accounts
Payable
Chapter 19 Completing the Tests in the Acquisition
and Payment Chapter 20 Audit of the Payroll and
Personnel Cycle
Chapter 21 Audit of the Inventory and Warehousing
Cycle Chapter 22 Audit of the Capital Acquisition and
Repayment Cycle Chapter 23 Audit of Cash and
Financial Instruments
,Part 5 Completing The
Audit Chapter 24
Completing the Audit
Part 6 Other Assurance and Nonassurance
Services Chapter 25 Other Assurance
Services
Chapter 26 Internal and Governmental Financial Auditing
and Operational Auditing
, Page 4
Auditing and Assurance Services, 17e
(Arens/Elder/Beasley) Chapter 1 The Demand for
Audit and Other Assurance Services
Auditing and Assurance Services, (Arens)
Chapter 1 The Demand for Audit and Other Assurance Services
Learning Objective 1-1
1) The Sarbanes-Oxley Act applies to which of the following companies?
A) All companies
B) Privately held companies
C) Public companies
D) All public companies and privately held companies with assets greater than $500 million
Answer: C
Terms: Sarbanes-Oxley Act
Diff: Easy
Objective: LO 1-1
AACSB: Reflective thinking skills
Topic: SOX
2) Which of the following is considered audit evidence?
A)
Oral statements Written Auditor
made by management Communications Observation
Y N N
B)
Oral statements Written Auditor
made by management Communications Observation
N Y Y
C)
Oral statements Written Auditor
made by management Communications Observation
Y Y Y
D)
Oral statements Written Auditor
made by management Communications Observation
N N Y
Answer: C
Terms: Audit evidence
Diff: Moderate
Objective: LO 1-1
2
