Test Bank
Principles of Auditing and Other Assurance Services
22nd Edition by Whittington and Pany all chapters 1-21
Version 1 1
,TABLE OF CONTENT
Version 1 2
,Chapter x1: xThe xRole xof xthe xPublic xAccountant xin xthe
AmericanEconomy
x x Chapter x2: xProfessional xStandards
Chapter x3: xProfessional xEthics
x Chapter x4: xLegal xLiability xof xCPAs
Chapter x5: xAudit xEvidence xand xDocumentation
Chapter x6: xAudit xPlanning, xUnderstanding xthe xClient, xAssessingRisks, xand xResponding
x Chapter x7: xInternal xControl
Chapter x8: xConsideration xof xInternal xControl xin xan xInformationTechnology xEnvironment
x Chapter x9: xAudit xSampling
Chapter x10: xCash xand xFinancial xInvestments
Chapter x11: xAccounts xReceivable, xNotes xReceivable, xandRevenue
x Chapter x12: xInventories xand xCost xof xGoods xSold
Chapter x13: xProperty, xPlant, xand xEquipment: xDepreciation
andDepletion
x x Chapter x14: xAccounts xPayable xand xOther xLiabilities
Chapter x15: xDebt xand xEquity xCapital
Chapter x16: xAuditing xOperations xand xCompleting xthe xAudit
x Chapter x17: xAuditors’ xReports
Chapter x18: xIntegrated xAudits xof xPublic xCompanies
Chapter x19: xAdditional xAssurance xServices: xHistorical xFinancialInformation
x Chapter x20: xAdditional xAssurance xServices: xOther xInformation
Chapter x21: xInternal, xOperational, xand xCompliance xAuditing
Version 1 3
, Answers are at the end of each
x x x x x x
chapter Chapter 1
x x
Student name:_
x x
1) Accountants xare xregulated xby xa xvariety xof xorganizations. xMatch xthe
xstatements x with xthe x most xdirectly xrelated xorganization:
● Accounting xand xReview xServices xCommittee.
● American xInstitute xof xCertified xPublic xAccountants.
● Auditing xStandards xBoard.
● Federal xAccounting xStandards xAdvisory xBoard.
● Financial xAccounting xStandards xBoard.
● General xAccounting xOffice.
● Government xAccounting xStandards xBoard.
● Public xCompany xAccounting xOversight xBoard.
● Securities xand xExchange xCommission.
● State xBoards xof xAccountancy.
Organizations xmay xbe xused xonce, xmore xthan xonce, xor xnot xat xall.
Statements Organizations
A. Develops xaccounting xstandards
x for x public xand xnonpublic
x companies.
B. Develops xaccounting xstandards
x for x the xU.S. xGovernment.
C. Improves xstandards xof
xfinancial x accounting xfor xstate
xand xlocal x government xentities.
D. Issues xauditing xstandards
xfor x public xcompanies.
E. Issues xCPA xcertificates.
F. Prepares xthe xCPA xexam.
Organizations: xAmerican xInstitute xof xCertified xPublic xAccountants, xFederal
xAccounting x Standards xAdvisory xBoard, xFinancial xAccounting xStandards xBoard,
xGovernment x Accounting x Standards xBoard, xPublic xCompany xAccounting xOversight
xBoard, xState xBoards x of xAccountancy.
Version 1 4
Principles of Auditing and Other Assurance Services
22nd Edition by Whittington and Pany all chapters 1-21
Version 1 1
,TABLE OF CONTENT
Version 1 2
,Chapter x1: xThe xRole xof xthe xPublic xAccountant xin xthe
AmericanEconomy
x x Chapter x2: xProfessional xStandards
Chapter x3: xProfessional xEthics
x Chapter x4: xLegal xLiability xof xCPAs
Chapter x5: xAudit xEvidence xand xDocumentation
Chapter x6: xAudit xPlanning, xUnderstanding xthe xClient, xAssessingRisks, xand xResponding
x Chapter x7: xInternal xControl
Chapter x8: xConsideration xof xInternal xControl xin xan xInformationTechnology xEnvironment
x Chapter x9: xAudit xSampling
Chapter x10: xCash xand xFinancial xInvestments
Chapter x11: xAccounts xReceivable, xNotes xReceivable, xandRevenue
x Chapter x12: xInventories xand xCost xof xGoods xSold
Chapter x13: xProperty, xPlant, xand xEquipment: xDepreciation
andDepletion
x x Chapter x14: xAccounts xPayable xand xOther xLiabilities
Chapter x15: xDebt xand xEquity xCapital
Chapter x16: xAuditing xOperations xand xCompleting xthe xAudit
x Chapter x17: xAuditors’ xReports
Chapter x18: xIntegrated xAudits xof xPublic xCompanies
Chapter x19: xAdditional xAssurance xServices: xHistorical xFinancialInformation
x Chapter x20: xAdditional xAssurance xServices: xOther xInformation
Chapter x21: xInternal, xOperational, xand xCompliance xAuditing
Version 1 3
, Answers are at the end of each
x x x x x x
chapter Chapter 1
x x
Student name:_
x x
1) Accountants xare xregulated xby xa xvariety xof xorganizations. xMatch xthe
xstatements x with xthe x most xdirectly xrelated xorganization:
● Accounting xand xReview xServices xCommittee.
● American xInstitute xof xCertified xPublic xAccountants.
● Auditing xStandards xBoard.
● Federal xAccounting xStandards xAdvisory xBoard.
● Financial xAccounting xStandards xBoard.
● General xAccounting xOffice.
● Government xAccounting xStandards xBoard.
● Public xCompany xAccounting xOversight xBoard.
● Securities xand xExchange xCommission.
● State xBoards xof xAccountancy.
Organizations xmay xbe xused xonce, xmore xthan xonce, xor xnot xat xall.
Statements Organizations
A. Develops xaccounting xstandards
x for x public xand xnonpublic
x companies.
B. Develops xaccounting xstandards
x for x the xU.S. xGovernment.
C. Improves xstandards xof
xfinancial x accounting xfor xstate
xand xlocal x government xentities.
D. Issues xauditing xstandards
xfor x public xcompanies.
E. Issues xCPA xcertificates.
F. Prepares xthe xCPA xexam.
Organizations: xAmerican xInstitute xof xCertified xPublic xAccountants, xFederal
xAccounting x Standards xAdvisory xBoard, xFinancial xAccounting xStandards xBoard,
xGovernment x Accounting x Standards xBoard, xPublic xCompany xAccounting xOversight
xBoard, xState xBoards x of xAccountancy.
Version 1 4
