TEST BANK For Auditing & Assurance Services: A Systematic Approach, 12th Edition Chapters 1 - 21 Complete

TEST BANK For Auditing & Assurance Services:
A Systematic Approach, 12th Edition

Chapters 1 - 21 Complete

,ChapterJO1:JOAnJOIntroductionJOtoJOAssuranceJOandJOFinancialJOStatementJOAuditing

ChapterJO2:JOTheJOFinancialJOStatementJOAuditingJOEnvironment

ChapterJO3:JOAuditJOPlanning,JOTypesJOofJOAuditJOTests,JOandJOMateriality

ChapterJO4:JORiskJOAssessment

ChapterJO5:JOEvidenceJOandJODocumentation

ChapterJO6:JOInternalJOControlJOinJOaJOFinancialJOStatementJOAudit

ChapterJO7:JOAuditingJOInternalJOControlJOoverJOFinancialJOReporting

ChapterJO8:JOAuditJOSampling:JOAnJOOverviewJOandJOApplicationJOtoJOTestsJOofJOControls

ChapterJO9:JOAuditJOSampling:JOAnJOApplicationJOtoJOSubstantiveJOTestsJOofJOAccountJOBalance
s

ChapterJO10:JOAuditingJOtheJORevenueJOProcess

ChapterJO11:JOAuditingJOtheJOPurchasingJOProcess

ChapterJO12:JOAuditingJOtheJOHumanJOResourceJOManagementJOProcess

ChapterJO13:JOAuditingJOtheJOInventoryJOManagementJOProcess

ChapterJO14:JOAuditingJOtheJOFinancing/InvestingJOProcess:JOPrepaidJOExpenses,JOIntangibleJO
Assets,JOandJOProperty,JOPlant,JOandJOEquipment

ChapterJO15:JOAuditingJOtheJOFinancing/InvestingJOProcess:JOLong-
TermJOLiabilities,JOStockholders’JOEquity,JOandJOIncomeJOStatementJOAccounts

ChapterJO16:JOAuditingJOtheJOFinancing/InvestingJOProcess:JOCashJOandJOInvestments

ChapterJO17:JOCompletingJOtheJOAuditJOEngagement

ChapterJO18:JOReportsJOonJOAuditedJOFinancialJOStatements

ChapterJO19:JOProfessionalJOConduct,JOIndependence,JOandJOQualityJOManagement

ChapterJO20:JOLegalJOLiability

ChapterJO21:JOAssurance,JOAttestation,JOandJOInternalJOAuditingJOServices

,AuditingJO&JOAssuranceJOServices:JOAJOSystematicJOApproach,JO12eJO(Messi
er)JOChapterJO1J O AnJOIntroductionJOtoJOAssuranceJOandJOFinancialJOSta
tementJOAuditing

1) AuditingJOfocusesJOonJOrules,JOtechniques,JOandJOcomputationsJOrequiredJOtoJOprepareJO
andJOanalyzeJOfinancialJOinformation.

ANSWER:J O FALSEJODi
fficulty:JO1JOEasy
Topic:J O TheJOImportanceJOforJOStudyingJOAuditing
LearningJOObjective:J O 01-
01JOUnderstandJOwhyJOstudyingJOauditingJOcanJObeJOvaluableJOtoJOyouJOwhetherJOorJOnotJOyouJ
OplanJOtoJObecomeJOanJOauditor,JOandJOwhyJOitJOisJOdifferentJOfromJOstudyingJOaccounting.
Bloom's:J O RememberJOA
ACSB:J O Communication
AICPA:J O BBJOLegal;JOFNJODecisionJOMaking

2) DecisionJOmakersJOdemandJOreliableJOinformationJOthatJOisJOprovidedJObyJOaccountants.

ANSWER:J O TRUEJODif
ficulty:JO1JOEasy
Topic:J O TheJODemandJOforJOAuditingJOandJOAssurance
LearningJOObjective:J O 01-
02JOUnderstandJOtheJOdemandJOforJOauditingJOandJObeJOableJOtoJOexplainJOtheJOdesiredJOcharac
teristicsJOofJOauditorsJOandJOauditJOservicesJOthroughJOanJOanalogyJOtoJOaJOhouseJOinspectorJOan
dJOaJOhouseJOinspectionJOservice.
Bloom's:J O UnderstandJO
AACSB:J O Communicatio
n
AICPA:J O FNJODecisionJOMaking;JOBBJOIndustry

3) InformationJOasymmetryJOseldomJOoccurs.

ANSWER:J O FALSEJODi
fficulty:JO2JOMedium
Topic:J O TheJODemandJOforJOAuditingJOandJOAssurance
LearningJOObjective:J O 01-
02JOUnderstandJOtheJOdemandJOforJOauditingJOandJObeJOableJOtoJOexplainJOtheJOdesiredJOcharac
teristicsJOofJOauditorsJOandJOauditJOservicesJOthroughJOanJOanalogyJOtoJOaJOhouseJOinspectorJOan
dJOaJOhouseJOinspectionJOservice.
Bloom's:J O Apply
AACSB:J O Communication
AICPA:J O BBJOIndustry;JOFNJOReporting

, 4) ConflictsJOofJOinterestJOoftenJOoccurJObetweenJOabsenteeJOownersJOandJOmanagers.

ANSWER:J O TRUEJODif
ficulty:JO2JOMedium
Topic:J O TheJODemandJOforJOAuditingJOandJOAssurance
LearningJOObjective:J O 01-
02JOUnderstandJOtheJOdemandJOforJOauditingJOandJObeJOableJOtoJOexplainJOtheJOdesiredJOcharac
teristicsJOofJOauditorsJOandJOauditJOservicesJOthroughJOanJOanalogyJOtoJOaJOhouseJOinspectorJOan
dJOaJOhouseJOinspectionJOservice.
Bloom's:J O Apply
AACSB:J O Communication
AICPA:J O BBJOIndustry;JOFNJOReporting

5) AuditingJOservicesJOandJOattestationJOservicesJOareJOtheJOsame.

ANSWER:J O FALSEJODi
fficulty:JO1JOEasy
Topic:J O Auditing,JOAttest,JOandJOAssuranceJOServicesJODefined
LearningJOObjective:J O 01-
03JOUnderstandJOtheJOrelationshipsJOamongJOauditing,JOattestation,JOandJOassuranceJOservices.
Bloom's:J O UnderstandJO
AACSB:J O Communicatio
n
AICPA:J O BBJOIndustry;JOFNJOReporting

6) AuditingJOisJOaJOtypeJOofJOattestJOservice.

ANSWER:J O TRUEJODif
ficulty:JO1JOEasy
Topic:J O Auditing,JOAttest,JOandJOAssuranceJOServicesJODefined
LearningJOObjective:J O 01-
03JOUnderstandJOtheJOrelationshipsJOamongJOauditing,JOattestation,JOandJOassuranceJOservices.;JO
01-04JOKnowJOtheJObasicJOdefinitionJOofJOaJOfinancialJOstatementJOaudit.
Bloom's:J O UnderstandJO
AACSB:J O Communicatio
n
AICPA:J O BBJOIndustry;JOFNJOReporting

7) TestingJOallJOtransactionsJOthatJOoccurredJOduringJOtheJOperiodJOisJOcostJOprohibitive.

ANSWER:J O TRUEJODif
ficulty:JO2JOMediumJOTo
pic:J O TheJOAuditJOProces
s
LearningJOObjective:J O 01-
06JOBeJOableJOtoJOexplainJOwhyJOonJOmostJOauditJOengagementsJOanJOauditorJOtestsJOonlyJOaJOsa