TEST BANK
Test Bank for Auditing & Assurance Services: A Systematic Approach, 12th Edition
Sharpen your auditing prowess with the Test Bank for Auditing & Assurance Services: A
Systematic Approach, 12th Edition by William F. Messier Jr., Steven M. Glover, and Douglas
F. Prawitt. This comprehensive resource features over 2,000 multiple-choice, true/false,
and scenario-based questions across 16 chapters, with detailed rationales, answer keys,
and references to PCAOB/AS standards. Master systematic approaches to risk
assessment, internal controls, audit evidence, sampling techniques, fraud detection,
financial statement audits, and assurance services—from integrated audits to
cybersecurity risks—updated for 2025 with insights on ESG reporting, AI in audits, and
remote verification protocols.
Aligned with CPA exam blueprints and AACSB curricula, it's ideal for undergrad/grad
accounting students, CIA aspirants, or professionals, honing analytical judgment through
real-world cases on SOX compliance and ethical dilemmas. Simulate exams, reinforce
core competencies, and navigate complex assurance landscapes with unerring accuracy.
Instantly downloadable on Stuvia, all chapters included. Secure your audit excellence—
download today and certify success!
,Test Bank for
Auditing & Assurance Services A Systematic Approach 12e Messier
Chapter 1-21 Answers are at the End of Each Chapter
Chapter 1
Student name:__________
1) Why do auditors often use a sampling approach to evidence gathering?
1) ______
A) Auditors are experts and do not need to look at much to know whether the financial
statements are correct or not.
B) Auditors must balance the cost of the audit with the need for precision and for some types of
evidence, computer data analytic approaches can’t be used.
C) Auditors must limit their exposure to their auditee to maintain independence.
D) The auditor's relationship with the auditee is generally adversarial, so the auditor will not
have access to all of the financial information of the company.
Question Details
AACSB : Communication
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
Difficulty : 1 Easy
AICPA : BB Industry
Bloom's : Understand
Learning Objective : 01-05 Understand why sampling is important in an audit.
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : The Audit Process
2) Which of the following statements best describes a relationship between sample size and
other elements of auditing?
, 2) ______
A) If materiality increases, so will the sample size.
B) If the desired level of assurance increases, sample sizes can be smaller.
C) If materiality decreases, sample size will need to increase.
D) There is no relationship between sample size and materiality or the desired level of assurance.
Question Details
Accessibility : Keyboard Navigation
Bloom's : Apply
Difficulty : 2 Medium
AICPA : BB Critical Thinking
AACSB : Analytical Thinking
AICPA : FN Risk Analysis
Learning Objective : 01-05 Understand why sampling is important in an audit.
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : The Audit Process
3) Which of the following statements about the study of auditing is NOT true?
3) ______
A) The study of auditing can be valuable to future accountants and business decision makers
whether or not they plan to become auditors.
B) The study of auditing focuses on learning the analytical and logical skills necessary to
evaluate the relevance and reliability of information.
C) The study of auditing focuses on learning the rules, techniques, and computations
required to analyze financial statements for making investment recommendations.
D) The study of auditing begins with the understanding of a coherent logical framework and
techniques useful for gathering and analyzing evidence about others’ assertions.
Question Details
AACSB : Communication
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
, Learning Objective : 01-01 Understand why studying auditing can be valuable to you whether or not you
AICPA : BB Industry
Difficulty : 2 Medium
Bloom's : Analyze
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : The Importance for Studying Auditing
4) The basic definition of auditing essentially indicates that, overall, auditing is a process to:
4) ______
A) detect fraud.
B) examine individual transactions so that the auditor may certify as to their validity.
C) objectively obtain and evaluate evidence regarding assertions made by another party.
D) assure the consistent application of correct accounting procedures.
Question Details
AACSB : Communication
Accessibility : Keyboard Navigation
Bloom's : Remember
Difficulty : 1 Easy
AICPA : FN Reporting
Learning Objective : 01-03 Know the basic definition of a financial statement audit.
AICPA : BB Critical Thinking
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : Auditing, Attest, and Assurance Services Defined
5) Assurance services may improve all of the following except:
5) ______
A) relevance.
B) credibility.
C) periodicity.
D) reliability.
Question Details
Test Bank for Auditing & Assurance Services: A Systematic Approach, 12th Edition
Sharpen your auditing prowess with the Test Bank for Auditing & Assurance Services: A
Systematic Approach, 12th Edition by William F. Messier Jr., Steven M. Glover, and Douglas
F. Prawitt. This comprehensive resource features over 2,000 multiple-choice, true/false,
and scenario-based questions across 16 chapters, with detailed rationales, answer keys,
and references to PCAOB/AS standards. Master systematic approaches to risk
assessment, internal controls, audit evidence, sampling techniques, fraud detection,
financial statement audits, and assurance services—from integrated audits to
cybersecurity risks—updated for 2025 with insights on ESG reporting, AI in audits, and
remote verification protocols.
Aligned with CPA exam blueprints and AACSB curricula, it's ideal for undergrad/grad
accounting students, CIA aspirants, or professionals, honing analytical judgment through
real-world cases on SOX compliance and ethical dilemmas. Simulate exams, reinforce
core competencies, and navigate complex assurance landscapes with unerring accuracy.
Instantly downloadable on Stuvia, all chapters included. Secure your audit excellence—
download today and certify success!
,Test Bank for
Auditing & Assurance Services A Systematic Approach 12e Messier
Chapter 1-21 Answers are at the End of Each Chapter
Chapter 1
Student name:__________
1) Why do auditors often use a sampling approach to evidence gathering?
1) ______
A) Auditors are experts and do not need to look at much to know whether the financial
statements are correct or not.
B) Auditors must balance the cost of the audit with the need for precision and for some types of
evidence, computer data analytic approaches can’t be used.
C) Auditors must limit their exposure to their auditee to maintain independence.
D) The auditor's relationship with the auditee is generally adversarial, so the auditor will not
have access to all of the financial information of the company.
Question Details
AACSB : Communication
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
Difficulty : 1 Easy
AICPA : BB Industry
Bloom's : Understand
Learning Objective : 01-05 Understand why sampling is important in an audit.
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : The Audit Process
2) Which of the following statements best describes a relationship between sample size and
other elements of auditing?
, 2) ______
A) If materiality increases, so will the sample size.
B) If the desired level of assurance increases, sample sizes can be smaller.
C) If materiality decreases, sample size will need to increase.
D) There is no relationship between sample size and materiality or the desired level of assurance.
Question Details
Accessibility : Keyboard Navigation
Bloom's : Apply
Difficulty : 2 Medium
AICPA : BB Critical Thinking
AACSB : Analytical Thinking
AICPA : FN Risk Analysis
Learning Objective : 01-05 Understand why sampling is important in an audit.
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : The Audit Process
3) Which of the following statements about the study of auditing is NOT true?
3) ______
A) The study of auditing can be valuable to future accountants and business decision makers
whether or not they plan to become auditors.
B) The study of auditing focuses on learning the analytical and logical skills necessary to
evaluate the relevance and reliability of information.
C) The study of auditing focuses on learning the rules, techniques, and computations
required to analyze financial statements for making investment recommendations.
D) The study of auditing begins with the understanding of a coherent logical framework and
techniques useful for gathering and analyzing evidence about others’ assertions.
Question Details
AACSB : Communication
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
, Learning Objective : 01-01 Understand why studying auditing can be valuable to you whether or not you
AICPA : BB Industry
Difficulty : 2 Medium
Bloom's : Analyze
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : The Importance for Studying Auditing
4) The basic definition of auditing essentially indicates that, overall, auditing is a process to:
4) ______
A) detect fraud.
B) examine individual transactions so that the auditor may certify as to their validity.
C) objectively obtain and evaluate evidence regarding assertions made by another party.
D) assure the consistent application of correct accounting procedures.
Question Details
AACSB : Communication
Accessibility : Keyboard Navigation
Bloom's : Remember
Difficulty : 1 Easy
AICPA : FN Reporting
Learning Objective : 01-03 Know the basic definition of a financial statement audit.
AICPA : BB Critical Thinking
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : Auditing, Attest, and Assurance Services Defined
5) Assurance services may improve all of the following except:
5) ______
A) relevance.
B) credibility.
C) periodicity.
D) reliability.
Question Details
