TEST BANK for Auditing : A Risk Based Approach 12th Edition by Karla Johnstones-Zehms, Audrey Gramling, Larry Rittenberg, Latest Edition All Chapters |Complete Guide A

TEST BANK #bv




#bv Auditing: A Risk-Based Approach 12th Edition by Karla Johnstone-Zehms
#bv #bv #bv #bv #bv #bv #bv #bv




FULL TEST BANK!!!
#bv #bv




SCHOLARVAULT

,Test Bank for Auditing: A Risk Based-Approach 12th Edition by Larry E. Rittenberg,
Karla M. Zehms
Chapter 01

1. The need for independent assurance arises because the interests of the users of information may be different
from the interests of those responsible for providing information.
a. True
b. False
ANSWER: True
POINTS: 1
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: AUD.ZEHMS.24.01.01 - Define financial statement auditing in relation to decision makers’
demands for reliable financial and internal control information
NATIONAL STANDARDS: United States - BUSPROG: Comprehension
STATE STANDARDS: United States - AK - AICPA BB-Critical thinking
DATE CREATED: 5/26/2023 4:48 AM
DATE MODIFIED: 5/26/2023 4:49 AM

2. A financial statement audit is a systematic process of objectively obtaining and evaluating evidence.
a. True
b. False
ANSWER: True
POINTS: 1
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: AUD.ZEHMS.24.01.01 - Define financial statement auditing in relation to decision makers’
demands for reliable financial and internal control information
NATIONAL STANDARDS: United States - BUSPROG: Comprehension
STATE STANDARDS: United States - AK - AICPA BB-Critical thinking
DATE CREATED: 5/26/2023 4:59 AM
DATE MODIFIED: 5/26/2023 5:00 AM

3. A bank using Milton Company's financial statements to evaluate Milton’s loan application is an example of a
user’s need for unbiased reporting.
a. True
b. False
ANSWER: True
POINTS: 1
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: AUD.ZEHMS.24.01.01 - Define financial statement auditing in relation to decision makers’
demands for reliable financial and internal control information
NATIONAL STANDARDS: United States - BUSPROG: Comprehension
STATE STANDARDS: United States - AK - AICPA BB-Critical thinking
DATE CREATED: 5/26/2023 5:01 AM


SCHOLARVAULT

,DATE #bvMODIFIED: 5/26/2023 #bv5:02 #bvAM

4. An #bvintegrated #bvaudit #bvrequires #bvthe #bvauditor #bvto #bvassess #bvthe #bveffectiveness #bvof #bvinternal #bvcontrols.




SCHOLARVAULT

, Chapter
#bv01
a. True
b. False
ANSWER: True
POINTS: 1
QUESTION #bvTYPE: True #bv/ #bvFalse
HAS #bvVARIABLES: False
LEARNING #bvOBJECTIVES: #bvAUD.ZEHMS.24.01.01 #bv- #bvDefine #bvfinancial #bvstatement #bvauditing #bvin #bvrelation #bvto
#bvdecision #bvmakers’ #bvdemands #bvfor #bvreliable #bvfinancial #bvand #bvinternal #bvcontrol

#bvinformation


NATIONAL #bvSTANDARDS: #bvUnited #bvStates #bv- #bvBUSPROG:
#bvComprehension #bvSTATE #bvSTANDARDS: United #bvStates #bv- #bvAK #bv-
#bvAICPA #bvBB-Critical #bvthinking #bvDATE #bvCREATED: 5/26/2023 #bv5:02
#bvAM


DATE #bvMODIFIED: 5/26/2023 #bv5:03 #bvAM

5. Auditors #bvobtain #bvand #bvevaluate #bvevidence #bvregarding #bvassertions #bvabout #bveconomic #bvactions #bvand #bvevents
#bvto #bvverify #bvthe #bvaccuracy #bvof #bvthose #bvassertions.

a. True
b. False
ANSWER: False
POINTS: 1
QUESTION #bvTYPE: True #bv/ #bvFalse
HAS #bvVARIABLES: False
LEARNING #bvOBJECTIVES: #bvAUD.ZEHMS.24.01.01 #bv- #bvDefine #bvfinancial #bvstatement #bvauditing #bvin #bvrelation #bvto
#bvdecision #bvmakers’ #bvdemands #bvfor #bvreliable #bvfinancial #bvand #bvinternal #bvcontrol

#bvinformation


NATIONAL #bvSTANDARDS: #bvUnited #bvStates #bv- #bvBUSPROG:
#bvComprehension #bvSTATE #bvSTANDARDS: United #bvStates #bv- #bvAK #bv-
#bvAICPA #bvBB-Critical #bvthinking #bvDATE #bvCREATED: 5/26/2023 #bv5:03
#bvAM


DATE #bvMODIFIED: 5/26/2023 #bv5:04 #bvAM

6. Auditing #bvis #bvthe #bvprocess #bvof #bvverifying #bvand #bvassuring #bvthe #bvcomplete #bvaccuracy #bvof #bvthe #bvfinancial #bvstatements.
a. True
b. False
ANSWER: False
POINTS: 1
QUESTION #bvTYPE: True #bv/ #bvFalse
HAS #bvVARIABLES: False
LEARNING #bvOBJECTIVES: #bvAUD.ZEHMS.24.01.01 #bv- #bvDefine #bvfinancial #bvstatement #bvauditing #bvin #bvrelation #bvto
#bvdecision #bvmakers’ #bvdemands #bvfor #bvreliable #bvfinancial #bvand #bvinternal #bvcontrol

#bvinformation


NATIONAL #bvSTANDARDS: #bvUnited #bvStates #bv- #bvBUSPROG:
#bvComprehension #bvSTATE #bvSTANDARDS: United #bvStates #bv- #bvAK #bv-
a.
#bv True Page
#bv4


SCHOLARVAULT