Audit Becker Mock Exam questions with accurate answers

Audit Becker Mock Exam 1
Agreed upon procedures assurance - ✔✔No opinion/assurance



Agreed upon procedures independence? - ✔✔Yes



An uncertainy may result in what kind of opinion - ✔✔All opinions (unmodified, qualified, adverse,
disclaimer)



Auditors primary concern with related party transactions is - ✔✔disclosed in accordance with GAAP
(armslength irreleveant)



Confimrations may be done on... - ✔✔Single Transactions



Does a review require an understanding of I/C? - ✔✔No



Does an audit require an understanding of I/C? - ✔✔Yes



Examination of prospective financial statements do or do not provide assurance? - ✔✔Do



How do you test completeness of dividends? - ✔✔Reviewing outsides sites for posted dividends
declared



How long is the Sox 2 cooling off period? - ✔✔One year



In planning, an auditor is not required to evaluate the __________ ____________ of controls during the
planning process - ✔✔operating effectiveness



In planning, is an auditor required to IUD in internal controls - ✔✔Implemented Internal Controls?
UnderstandingOfInternalControls