Solution Manual for Auditing & Assurance Services A Systematic Approach 12th Edition

,DOWNLOAD THE Test Bank for Auditing and Assurance Services SystematicAppro
B B B B B B B B B B

ach 12th Edition Messier B B B


Auditing and Assurance Services A Systematic Approach
B B B B B B



12th Edition by Messier CH01
B B B B


TRUE/FALSEB-BWriteB'T'BifBtheBstatementBisBtrueBandB'F'BifBtheBstatementBisBfalse.
1) AuditingBfocusesBonBrules,Btechniques,BandBcomputationsBrequiredBtoBprepareBandBanalyz
eBfinancialBinformation.
1)BB

⊚ true
⊚ false


2) DecisionBmakersBdemandBreliableBinformationBthatBisBprovidedBbyBaccountantsBan
dBaccountingBinformationBsystems.
2)BB

⊚ true
⊚ false


3) InformationBasymmetryBseldomBoccurs.
3)BB

⊚ true
⊚ false


4) ConflictsBofBinterestBoftenBoccurBbetweenBabsenteeBowners(principals)BandBmanager
sB(agents).
4)BB

⊚ true
⊚ false


5) AuditingBservicesBandBattestationBservicesBareexactlyBtheBsameBthing
. 5)BB


⊚ true
⊚ false


6) AuditingBisBaBtypeBofBattestBservice. 6)BB



VersionB1 1
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,DOWNLOAD THE Test Bank for Auditing and Assurance Services SystematicAppro
B B B B B B B B B B

ach 12th Edition MessierB B B


Auditing and Assurance Services A Systematic Approach
B B B B B B



12th Edition by Messier CH01
B B B B


⊚ true
⊚ false


7) TestingBallBtransactionsBthatBoccurredBduringBtheBperiodBisBcostBprohibitiveBinBtheBabsenc
eBofBcomputerBdataBanalyticBapproaches.
7)BB

⊚ true
⊚ false


MULTIPLEBCHOICEB-
BChooseBtheBoneBalternativeBthatBbestBcompletesBtheBstatementBorB
answersBtheBquestion.
8) WhyBdoBauditorsBoftenBuseBaBsamplingBapproachBtoBevidenceBgathering?
8)BB


A) AuditorsBareBexpertsBandBdoBnotBneedBtoBlookBatBmuchBtoBknowBwhetherBtheBfinanci
alBstatementsBareBcorrectBorBnot.
B) AuditorsBmustBbalanceBtheBcostBofBtheBauditBwithBtheBneedBforBprecisionBandBforBsom
eBtypesBofBevidence,BcomputerBdataBanalyticBapproachesBcan’tBbeBused.
C) AuditorsBmustBlimitBtheirBexposureBtoBtheirBauditeeBtoBmaintainBindependence.
D) TheBauditor'sBrelationshipBwithBtheBauditeeBisBgenerallyBadversarial,BsoBtheBauditorBwil
lBnotBhaveBaccessBtoBallBofBtheBfinancialBinformationBofBtheBcompany.



9) WhichBofBtheBfollowingBstatementsBbestBdescribesBaBrelationshipBbetweenBsampleBsizeBan
dBotherBelementsBofBauditing?
9)BB


A) IfBmaterialityBincreases,BsoBwillBtheBsampleBsize.
B) IfBtheBdesiredBlevelBofBassuranceBincreases,BsampleBsizesBcanBbeBsmaller.
C) IfBmaterialityBdecreases,BsampleBsizeBwillBneedBtoBincrease.
D) ThereBisBnoBrelationshipBbetweenBsampleBsizeBandBmaterialityBorBtheBdesiredBlevelBo
fBassurance.




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, DOWNLOAD THE Test Bank for Auditing and Assurance Services SystematicAppro
B B B B B B B B B B

ach 12th Edition Messier B B B


Auditing and Assurance Services A Systematic Approach
B B B B B B



12th Edition by Messier CH01
B B B B


10) WhichBofBtheBfollowingBstatementsBaboutBtheBstudyBofBauditingBisBNOTBtrue?
10)BB


A) TheBstudyBofBauditingBcanBbeBvaluableBtoBfutureBaccountantsBandBbusinessBdecisio
nBmakersBwhetherBorBnotBtheyBplanBtoBbecomeBauditors.
B) TheBstudyBofBauditingBfocusesBonBlearningBtheBanalyticalBandBlogicalBskillsBnecessar
yBtoBevaluateBtheBrelevanceBandBreliabilityBofBinformation.
C) TheBstudyBofBauditingBfocusesBonBlearningBtheBrules,Btechniques,BandBcomputation
sBrequiredBtoBanalyzeBfinancialBstatementsBforBmakingBinvestmentBrecommendations.
D) TheBstudyBofBauditingBbeginsBwithBtheBunderstandingBofBaBcoherentBlogicalBframewor
kBandBtechniquesBusefulBforBgatheringBandBanalyzingBevidenceBaboutBothers’Bassertions.



11) TheBbasicBdefinitionBofBauditingBessentiallyBindicatesBthat,Boverall,BauditingBisBaBprocessBto:
11)BB


A) detectBfraud.
B) examineBindividualBtransactionsBsoBthatBtheBauditorBmayBcertifyBasBtoBtheirBvalidity.
C) objectivelyBobtainBandBevaluateBevidenceBregardingBassertionsBmadeBbyBanotherBparty.
D) assureBtheBconsistentBapplicationBofBcorrectBaccountingBprocedures.



12) AssuranceBservicesBmayBimproveBallBofBtheBfollowingBexcept:
12)BB


A) relevance.
B) credibility.
C) periodicity.
D) reliability.



13) EvidenceBisBreliableBifBit:
13)BB




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