Test bank for auditing and assurance services 8th edition by louwers blay Thebodeau

,DOWNLOAD59THE59Test59Bank59for59Auditing59and59Assurance59Services598th59Editio
n59Louwers
Auditing59and59Assurance59Services598th59Edition59by59Louwers
Ch01
Correct59answers59are59located59in59the59second59half59of59this59document.
MULTIPLE59CHOICE59-
59Choose59the59one59alternative59that59best59completes59the59statement59or59answers59the59
question.
1) The59audit59objective59that59all59transactions59and59accounts59that59should59be59pres
ented59in59the59financial59statements59are59in59fact59included59is59related59to59which59of59th
e59PCAOB59assertions?


A) Existence.
B) Rights59and59obligations.
C) Completeness.
D) Valuation.



Question59Details
Accessibility59:59Keyboard59Navigation
Learning59Objective59:5901-
0359Describe59and59define59the59assertions59that59management59makes59about59the59recogni59Topic59:
59Management's59Financial59Statement59Assertions
Difficulty59:59159Easy5
9Bloom's59:59Remembe
r59AICPA59:59BB59Leg
al59AICPA59:59FN59Res
earch
AACSB59:59Analytical59Thinking59
Source59:59Original
Gradable59:59automatic
Accessibility59:59Screen59Reader59Compatible



2) Cutoff59tests59designed59to59detect59purchases59made59before59the59end59of59the59year59t
hat59have59been59recorded59in59the59subsequent59year59provide59assurance59about59management
's59assertion59of:


A) presentation59and59disclosure.
B) completeness.
C) rights59and59obligations.
D) existence.




Version59 1
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,DOWNLOAD59THE59Test59Bank59for59Auditing59and59Assurance59Services598th59Editio
n59Louwers
Auditing59and59Assurance59Services598th59Edition59by59Louwers
Ch01
Question59Details
Accessibility59:59Keyboard59Navigation
Learning59Objective59:5901-
0359Describe59and59define59the59assertions59that59management59makes59about59the59recogni59Topic59:
59Management's59Financial59Statement59Assertions
Bloom's59:59Remember
59AICPA59:59BB59Leg
al59AICPA59:59FN59Res
earch59Difficulty59:5925
9Medium
AACSB59:59Analytical59Thinking59
Source59:59Original
Gradable59:59automatic
Accessibility59:59Screen59Reader59Compatible



3) During59an59audit59of59an59entity's59stockholders'59equity59accounts,59the59auditor59deter
mines59whether59there59are59restrictions59on59retained59earnings59resulting59from59loans,59agreem
ents,59or59state59law.59This59audit59procedure59most59likely59is59intended59to59verify59manageme
nt's59assertion59of:

A) existence59or59occurrence.
B) completeness.
C) valuation59or59allocation.
D) presentation59and59disclosure.



Question59Details
Accessibility59:59Keyboard59Navigation
Learning59Objective59:5901-
0359Describe59and59define59the59assertions59that59management59makes59about59the59recogni59Topic59:
59Management's59Financial59Statement59Assertions
Bloom's59:59Remember
59AICPA59:59BB59Leg
al59AICPA59:59FN59Res
earch59Difficulty59:5925
9Medium
AACSB59:59Analytical59Thinking59
Source59:59Original
Gradable59:59automatic
Accessibility59:59Screen59Reader59Compatible



4) The59confirmation59of59an59account59payable59balance59selected59from59the59gen
eral59ledger59provides59primary59evidence59regarding59which59management59assertion?
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, DOWNLOAD59THE59Test59Bank59for59Auditing59and59Assurance59Services598th59Editio
n59Louwers
Auditing59and59Assurance59Services598th59Edition59by59Louwers
Ch01
A) Completeness.
B) Valuation.
C) Allocation.
D) Existence.



Question59Details
Accessibility59:59Keyboard59Navigation
Learning59Objective59:5901-
0359Describe59and59define59the59assertions59that59management59makes59about59the59recogni59Topic59:
59Management's59Financial59Statement59Assertions
Bloom's59:59Remember
59AICPA59:59BB59Leg
al59AICPA59:59FN59Res
earch59Difficulty59:5925
9Medium
AACSB59:59Analytical59Thinking59
Source59:59Original
Gradable59:59automatic
Accessibility59:59Screen59Reader59Compatible



5) What59type59of59evidence59would59provide59the59highest59level59of59assurance59in59a
n59attestation59engagement?


A) Evidence59secured59solely59from59within59the59entity.
B) Evidence59obtained59from59independent59sources.
C) Evidence59obtained59indirectly.
D) Evidence59obtained59from59multiple59internal59inquiries.



Question59Details
Accessibility59:59Keyboard59Navigat
ion59Bloom's59:59Remember
AICPA59:59BB59Legal5
9AICPA59:59FN59Resear
ch
Learning59Objective59:5901-
0259Define59and59contrast59financial59statement59auditing,59attestation,59and59assuran59Topic59:59Audi
ting,59Attestation,59and59Assurance59Services
Source59:59AICPA59Di
fficulty59:59359Hard
AACSB59:59Analytical59Thinking59
Version59 3
1 mynursytest.store