TEST BANK For Auditing & Assurance Services: A Systematic Approach, 12th Edition By William Messier Jr, Steven Glover, Verified Chapters 1 - 21, Complete Newest Version

TEST BANK For Auditing & Assurance Services: A S st
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ematic Approach, 12th Edition b Messier
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Chapters 1 - 21 Complete
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,Chapter 1: An Introductionto Assuranceand Financial Statement Auditing
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5 Chapter 2: The Financial Statement Auditing Environment
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hapter 3: Audit Planning,lT pesofAudit Tests,land Materialit
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r4:RiskAssessment
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Chapter s 5 s 5 s 5 s 5 s 5 s 5 5: s 5 s 5 s 5 s 5 s 5 s 5 Evidenceand s 5 s 5 s 5 s 5 s 5 s 5 Docu

mentation s 5 Chapter s 5 s 5 6: s 5 s 5 Internal s 5 s 5 Controlina s 5 s 5 Financial s 5 s 5 S

tatementlAudit s 5 Chapter s 5s 5 7: s 5 s 5 Auditing s 5 s 5 Internal s 5s 5 Controlover s 5s 5 Finan

cial s 5 s 5 Reporting s 5 Chapter 8: AuditlSampling: An Overviewand Applicationto
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TestsofControls Chapter 9: AuditlSampling: An ApplicationtolSubstantive Testslofl
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Account Balances Chapter s5 s5 s 5 s 5 s 5 s 5 10: s 5 s 5 s 5 s 5 s 5 Auditingthe s 5 s 5 s 5 s 5 R

evenue s 5 s 5 s 5 s 5 Process s 5 Chapter s 5 s 5 s 5 s 5 11: s 5 s 5 s 5 s 5 Auditingthe s 5




s 5 s 5 s 5 Purchasing s 5 s 5 s 5 s 5 Process s 5 Chapter s 5 12: s5s5 Auditingthe s 5 Huma

n s 5 Resource s5s5 Management s5s5 Process s 5 Chapter 13: Auditingthe Inventor M
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anagement Process s5




Chapter 14: Auditingthe Financing/Investing Process:lPrepaid Expenses, IntangiblelAssets, and Propert ,
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Plant,landEquipment 5
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Chapter 15: Auditingthe Financing/Investing Process:lLong-
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s Term Liabilities, Stockholders’ Equit , and Income Statement Account
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Chapter 16: Auditingthe Financing/Investing Process:lCashand Investments
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Chapter s 5 s 5 s 5 17: s 5 s 5 s 5 Completingthe s 5 s 5 s 5 Audit s 5 s 5 s 5 Engagem

ent s 5 Chapter s 5 s 5 18: s 5 s 5 Reportson s 5 s 5 Audited s 5 s 5 Financial s 5 s 5 Stat

ements s 5 Chapter 19: Professional Conduct, Independence, and Qualit Ma
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nagement Chapter20:LegalLiabilit s5 s5 s5 s5 s5

,Chapter 21: Assurance, Attestation, and Internal Auditing Services
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Auditing& Assurance Services: AS stematic Approach,l12e(Messier) Chapter 1 An Intr
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oductionto Assuranceand Financial Statement Auditing
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1) Auditingfocusesonrules,ltechniques,andcomputationslrequiredtoprepareandanal zefinan s5 s 5 s 5 s


5cialinformation.

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Topic: TheImportanceforStud ing Auditing Le
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arningObjective: 01- 5
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01Understandwh stud ingauditingcanbevaluableto ouwhetherornotl ouplantolbecomeanaudit
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s or,andwh itlisdifferentfromstud ingaccounting.
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Bloom's: Remember AACSB s 5 s5


: Communication
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AICPA: BBLegal;FNDecisionMaking
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2) Decisionmakersdemandreliableinformationthatislprovidedb accountants. s5




ANSWER:l TRUEDifficult : s5 s5


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Topic: The DemandforAuditingand Assurance
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LearningObjective: 01- 5
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02Understandtheldemandforauditingandbeabletolexplainthedesiredcharacteristicsofauditorsa s 5 s 5


s ndauditserviceslthroughananalog toahouseinspectorandahouseinspectionservice.
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Bloom's: Understand AACS s5 s5 s5


B:l Communication
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AICPA: FNDecision Making;BBIndustr
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3) Informationas mmetr seldomoccurs. s5 s5




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2Medium
Topic: The DemandforAuditingand Assurance
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LearningObjective: 01- 5
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AICPA: BBIndustr ; FNReporting
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, 4) Conflictslofinterestoftenoccurbetweenlabsenteeownerslandmanagers.

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2Medium
Topic: The DemandforAuditingand Assurance
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LearningObjective: 01- 5
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02Understandtheldemandforauditingandbeabletolexplainthedesiredcharacteristicsofauditorsa s 5 s 5


s ndauditserviceslthroughananalog toahouselinspectorandahouseinspectionservice.
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5) Auditingserviceslandattestationserviceslarethelsame.

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Topic: Auditing, Attest,andAssurance ServicesDefined LearningO
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bjective: 01- s5


03Understandtherelationshipsamongauditing,lattestation,andassuranceservices. s 5 s 5 s


5Bloom's: Understand AACS s5 s5


B: Communication
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AICPA: BBIndustr ; FNReportings 5 s5 s5




6) Auditingisat peofattestservice. s5 s5




ANSWER:l TRUEDifficult : s5 s5


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Topic: Auditing, Attest,landAssurance ServicesDefined Learning
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Objective: 01- s5


03Understandtherelationshipsamongauditing,lattestation,landassuranceservices.;l01-
s 5 s04Knowthebasicdefinitionofafinancialstatementaudit.
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Bloom's: Understand AACS s5 s5 s5


B:l Communication
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AICPA: BBIndustr ; FNReportings 5 s5 s5




7) Testingalltransactionsthatloccurredduringtheperiodislcostlprohibitive.

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2 Medium Topic: TheAuditP
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rocess
LearningObjective: 01- 5
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06Beableltoexplainwh onmostauditengagementsanauditortestslonl asampleoftransactionsthat
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s occurred.
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AACSB: Communication s5


AICPA: FNDecisionMaking;BBCritical Thinking
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