AT Quality Control Exam Questions with 100%
Verified Answers
1. Monitoring, as an element of quality control policies of a firm, requires:
a. Providing reasonable assurance that the firms other quality control policies and
procedures are effectively operating.
b. Designates individuals as specialists to serve as authoritative sources and
define their authority in consultative situations.
c. Ensuring that personnel are sufficiently directed, supervised and their work
being reviewed adequately.
d. Identify the right personnel to be assigned in an audit engagement. - ✔️✔️a.
Providing reasonable assurance that the firms other quality control policies and
procedures are effectively operating.
2. Which of the following quality control procedures is a monitoring activity'?
a. Evaluates the firm's independence and its ability to serve the prospective client
b. Reviews and tests compliance with the firm's general quality control policies
and procedures.
c. Designates individuals as specialists to serve as authoritative sources and define
their authority in consultative situations.
,d. Monitors continuing professional education programs and maintain
appropriate records, both on a firm and an individual audit engagement basis. -
✔️✔️b. Reviews and tests compliance with the firm's general quality control
policies and procedures.
3. Which of the following objectives are generally a component of a firm's quality
control'?
A. Professional requirements
B. Skills and competence
C. Assignment
D. Inspection
E. Consultation
F. Due professional care
G. Monitoring
H. Delegation
a. A.B.C,D,E,F c. A.B.C,E,G.H
b. A.B.C,F.E,G d. B.C,G,F.H - ✔️✔️c. A.B.C,E,G.H
4. Which of the following is not an element of professional requirements as
prescribed by Quality Control Policies for an audit firm'?
a. Independence c. Confidentiality
b. Integrity d. Prudence - ✔️✔️d. Prudence
5. Which of the following is an element of "directing an audit assistant" objective?
, a. Identifying in advance the staffing requirements of a particular audit
engagement.
b. Informing assistants of their responsibilities and the objectives of the
procedures they are to perform.
c. Resolving any differences in professional judgment between audit personnel.
d. Resolution of differences in audit findings. - ✔️✔️b. Informing assistants of their
responsibilities and the objectives of the procedures they are to perform.
6. It involves informing assistants of their responsibilities and the objectives of the
procedures
they have to perform:
a. Supervision
b. Monitoring
c. Directing
d. Consultation - ✔️✔️c. Directing
7. What is the overriding reason why the auditor considers the professional
competence of assistants whom the work will be delegated'?
a. All the audit assistants assigned to an engagement must be independent in
appearance.
Verified Answers
1. Monitoring, as an element of quality control policies of a firm, requires:
a. Providing reasonable assurance that the firms other quality control policies and
procedures are effectively operating.
b. Designates individuals as specialists to serve as authoritative sources and
define their authority in consultative situations.
c. Ensuring that personnel are sufficiently directed, supervised and their work
being reviewed adequately.
d. Identify the right personnel to be assigned in an audit engagement. - ✔️✔️a.
Providing reasonable assurance that the firms other quality control policies and
procedures are effectively operating.
2. Which of the following quality control procedures is a monitoring activity'?
a. Evaluates the firm's independence and its ability to serve the prospective client
b. Reviews and tests compliance with the firm's general quality control policies
and procedures.
c. Designates individuals as specialists to serve as authoritative sources and define
their authority in consultative situations.
,d. Monitors continuing professional education programs and maintain
appropriate records, both on a firm and an individual audit engagement basis. -
✔️✔️b. Reviews and tests compliance with the firm's general quality control
policies and procedures.
3. Which of the following objectives are generally a component of a firm's quality
control'?
A. Professional requirements
B. Skills and competence
C. Assignment
D. Inspection
E. Consultation
F. Due professional care
G. Monitoring
H. Delegation
a. A.B.C,D,E,F c. A.B.C,E,G.H
b. A.B.C,F.E,G d. B.C,G,F.H - ✔️✔️c. A.B.C,E,G.H
4. Which of the following is not an element of professional requirements as
prescribed by Quality Control Policies for an audit firm'?
a. Independence c. Confidentiality
b. Integrity d. Prudence - ✔️✔️d. Prudence
5. Which of the following is an element of "directing an audit assistant" objective?
, a. Identifying in advance the staffing requirements of a particular audit
engagement.
b. Informing assistants of their responsibilities and the objectives of the
procedures they are to perform.
c. Resolving any differences in professional judgment between audit personnel.
d. Resolution of differences in audit findings. - ✔️✔️b. Informing assistants of their
responsibilities and the objectives of the procedures they are to perform.
6. It involves informing assistants of their responsibilities and the objectives of the
procedures
they have to perform:
a. Supervision
b. Monitoring
c. Directing
d. Consultation - ✔️✔️c. Directing
7. What is the overriding reason why the auditor considers the professional
competence of assistants whom the work will be delegated'?
a. All the audit assistants assigned to an engagement must be independent in
appearance.
