TEST BANK
Auditing & assurance Services: A
Systematic Approach, 11th Edition Chapters
K
,Auditing & assurance Services
1-21
,Auditing & assurance Services
ChapterK1:KAnKIntroductionKtoKAssuranceKandKFinancialKStatementKAuditing
ChapterK2:KTheKFinancialKStatementKAuditingKEnvironment
ChapterK3:KAuditKPlanning,KTypesKofKAuditKTests,KandKMateriality
ChapterK4:KRiskKAssessment
ChapterK5:KEvidenceKandKDocumentation
ChapterK6:KInternalKControlKinKaKFinancialKStatementKAudit
ChapterK7:KAuditingKInternalKControlKoverKFinancialKReporting
ChapterK8:KAuditKSampling:KAnKOverviewKandKApplicationKtoKTestsKofKControls
ChapterK9:KAuditKSampling:KAnKApplicationKtoKSubstantiveKTestsKofKAccountKBalances
ChapterK10:KAuditingKtheKRevenueKProcess
ChapterK11:KAuditingKtheKPurchasingKProcess
ChapterK12:KAuditingKtheKHumanKResourceKManagementKProcess
ChapterK13:KAuditingKtheKInventoryKManagementKProcess
ChapterK14:KAuditingKtheKFinancing/InvestingKProcess:KPrepaidKExpenses,KIntangibleKAssets,K
andKProperty,KPlant,KandKEquipment
ChapterK15:KAuditingKtheKFinancing/InvestingKProcess:KLong-
TermKLiabilities,KStockholders’KEquity,KandKIncomeKStatementKAccounts
ChapterK16:KAuditingKtheKFinancing/InvestingKProcess:KCashKandKInvestments
ChapterK17:KCompletingKtheKAuditKEngagement
ChapterK18:KReportsKonKAuditedKFinancialKStatements
ChapterK19:KProfessionalKConduct,KIndependence,KandKQualityKManagement
ChapterK20:KLegalKLiability
ChapterK21:KAssurance,KAttestation,KandKInternalKAuditingKServices
, Auditing & assurance Services
Chapter 01 K K
An Introduction to Assurance and Financial Statement Auditing
K K K K K K K
TrueK /K FalseK Questions
1. IndependenceK standards K areK requiredK forK auditsK ofK publicK companies,K butK notK forK auditsK
ofKprivateKcompanies.
True False
2. DecisionK makersK demand K reliableK informationK thatK isK providedK byK accountants.
True False
3. InformationK asymmetryK seldomK occurs.
True False
4. ConflictsK ofK interestKoftenK occurK betweenK absenteeK ownersK andK managers.
True False
5. AuditingK servicesK andK attestationK servicesK areK theK same.
True False
6. AuditingKisKaKtypeKofKattestKservice.
True False
7. TestingKallKtransactions KthatKoccurredKduringKtheKperiodKisKcostKprohibitive.
True False
MultipleK ChoiceK Questions