Page 1 Test Bank Auditing & Assurance Services
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12e Messier
Auditing 2026-2027
& Assurance
–Services
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12e Messier 2026-2027 – All Chapters
TEST BANK FOR
Auditing & Assurance Services A Systematic Approach 12e Messier
Chapter 1-21 Answers are at the End of Each Chapter
Chapter 1
Student name:
1) Why do auditors often use a sampling approach to evidence gathering?
1)
A) Auditors are experts and do not need to look at much to know whether the financial
statements are correct or not.
B) Auditors must balance the cost of the audit with the need for precision and for some types of
evidence, computer data analytic approaches can’t be used.
C) Auditors must limit their exposure to their auditee to maintain independence.
D) The auditor's relationship with the auditee is generally adversarial, so the auditor will not
have access to all of the financial information of the company.
Question Details
AACSB : Communication
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
Difficulty : 1 Easy
AICPA : BB Industry
Bloom's : Understand
Learning Objective : 01-05 Understand why sampling is important in an audit.
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : The Audit Process
2) Which of the following statements best describes a relationship between sample size and
other elements of auditing?
2)
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A) If materiality increases, so will the sample size.
B) If the desired level of assurance increases, sample sizes can be smaller.
C) If materiality decreases, sample size will need to increase.
D) There is no relationship between sample size and materiality or the desired level of
assurance.
Question Details
Accessibility : Keyboard Navigation
Bloom's : Apply
Difficulty : 2 Medium
AICPA : BB Critical Thinking
AACSB : Analytical Thinking
AICPA : FN Risk Analysis
Learning Objective : 01-05 Understand why sampling is important in an audit.
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : The Audit Process
3) Which of the following statements about the study of auditing is NOT true?
3)
A) The study of auditing can be valuable to future accountants and business decision makers
whether or not they plan to become auditors.
B) The study of auditing focuses on learning the analytical and logical skills necessary to
evaluate the relevance and reliability of information.
C) The study of auditing focuses on learning the rules, techniques, and computations required to
analyze financial statements for making investment recommendations.
D) The study of auditing begins with the understanding of a coherent logical framework and
techniques useful for gathering and analyzing evidence about others’ assertions.
Page 2 of 1012 Test Bank Auditing & Assurance Services
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12e Messier
Auditing 2026-2027
& Assurance
–Services
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12e Messier 2026-2027 – All Chapters
,Page 3 Test Bank Auditing & Assurance Services
Test Bank
12e Messier
Auditing 2026-2027
& Assurance
–Services
All Chapters
12e Messier 2026-2027 – All Chapters
Question Details
AACSB : Communication
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Understand why studying auditing can be valuable to you whether or not you
AICPA : BB Industry
Difficulty : 2 Medium
Bloom's : Analyze
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : The Importance for Studying Auditing
4) The basic definition of auditing essentially indicates that, overall, auditing is a process to:
4)
A) detect fraud.
B) examine individual transactions so that the auditor may certify as to their validity.
C) objectively obtain and evaluate evidence regarding assertions made by another party.
D) assure the consistent application of correct accounting procedures.
Question Details
AACSB : Communication
Accessibility : Keyboard Navigation
Bloom's : Remember
Difficulty : 1 Easy
AICPA : FN Reporting
Learning Objective : 01-03 Know the basic definition of a financial statement audit.
AICPA : BB Critical Thinking
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : Auditing, Attest, and Assurance Services Defined
5) Assurance services may improve all of the following except:
5)
Page 3 of 1012 Test Bank Auditing & Assurance Services
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Auditing 2026-2027
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–Services
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, Page 4 Test Bank Auditing & Assurance Services
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Auditing 2026-2027
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12e Messier 2026-2027 – All Chapters
A) relevance.
B) credibility.
C) periodicity.
D) reliability.
Question Details
AACSB : Communication
Accessibility : Keyboard Navigation
Bloom's : Remember
Difficulty : 1 Easy
AICPA : BB Industry
AICPA : FN Reporting
Learning Objective : 01-03 Know the basic definition of a financial statement audit.
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : Auditing, Attest, and Assurance Services Defined
6) Evidence is reliable if it:
6)
A) signals the true state of a management assertion.
B) applies to the period being audited.
C) relates to the audit assertion being tested.
D) is sufficient to justify a conclusion.
Question Details
Accessibility : Keyboard Navigation
Difficulty : 1 Easy
Bloom's : Understand
Learning Objective : 01-04 Understand the fundamental concepts that underlie financial statement audi
AICPA : BB Critical Thinking
AACSB : Analytical Thinking
AICPA : FN Measurement
Topic : Fundamental Concepts in Conducting a Financial Statement Audit
Gradable : automatic
Accessibility : Screen Reader Compatible
Page 4 of 1012 Test Bank Auditing & Assurance Services
Test Bank
12e Messier
Auditing 2026-2027
& Assurance
–Services
All Chapters
12e Messier 2026-2027 – All Chapters
Test Bank
12e Messier
Auditing 2026-2027
& Assurance
–Services
All Chapters
12e Messier 2026-2027 – All Chapters
TEST BANK FOR
Auditing & Assurance Services A Systematic Approach 12e Messier
Chapter 1-21 Answers are at the End of Each Chapter
Chapter 1
Student name:
1) Why do auditors often use a sampling approach to evidence gathering?
1)
A) Auditors are experts and do not need to look at much to know whether the financial
statements are correct or not.
B) Auditors must balance the cost of the audit with the need for precision and for some types of
evidence, computer data analytic approaches can’t be used.
C) Auditors must limit their exposure to their auditee to maintain independence.
D) The auditor's relationship with the auditee is generally adversarial, so the auditor will not
have access to all of the financial information of the company.
Question Details
AACSB : Communication
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
Difficulty : 1 Easy
AICPA : BB Industry
Bloom's : Understand
Learning Objective : 01-05 Understand why sampling is important in an audit.
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : The Audit Process
2) Which of the following statements best describes a relationship between sample size and
other elements of auditing?
2)
Page 1 of 1012 Test Bank Auditing & Assurance Services
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12e Messier
Auditing 2026-2027
& Assurance
–Services
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12e Messier
Auditing 2026-2027
& Assurance
–Services
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A) If materiality increases, so will the sample size.
B) If the desired level of assurance increases, sample sizes can be smaller.
C) If materiality decreases, sample size will need to increase.
D) There is no relationship between sample size and materiality or the desired level of
assurance.
Question Details
Accessibility : Keyboard Navigation
Bloom's : Apply
Difficulty : 2 Medium
AICPA : BB Critical Thinking
AACSB : Analytical Thinking
AICPA : FN Risk Analysis
Learning Objective : 01-05 Understand why sampling is important in an audit.
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : The Audit Process
3) Which of the following statements about the study of auditing is NOT true?
3)
A) The study of auditing can be valuable to future accountants and business decision makers
whether or not they plan to become auditors.
B) The study of auditing focuses on learning the analytical and logical skills necessary to
evaluate the relevance and reliability of information.
C) The study of auditing focuses on learning the rules, techniques, and computations required to
analyze financial statements for making investment recommendations.
D) The study of auditing begins with the understanding of a coherent logical framework and
techniques useful for gathering and analyzing evidence about others’ assertions.
Page 2 of 1012 Test Bank Auditing & Assurance Services
Test Bank
12e Messier
Auditing 2026-2027
& Assurance
–Services
All Chapters
12e Messier 2026-2027 – All Chapters
,Page 3 Test Bank Auditing & Assurance Services
Test Bank
12e Messier
Auditing 2026-2027
& Assurance
–Services
All Chapters
12e Messier 2026-2027 – All Chapters
Question Details
AACSB : Communication
AICPA : FN Decision Making
Accessibility : Keyboard Navigation
Learning Objective : 01-01 Understand why studying auditing can be valuable to you whether or not you
AICPA : BB Industry
Difficulty : 2 Medium
Bloom's : Analyze
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : The Importance for Studying Auditing
4) The basic definition of auditing essentially indicates that, overall, auditing is a process to:
4)
A) detect fraud.
B) examine individual transactions so that the auditor may certify as to their validity.
C) objectively obtain and evaluate evidence regarding assertions made by another party.
D) assure the consistent application of correct accounting procedures.
Question Details
AACSB : Communication
Accessibility : Keyboard Navigation
Bloom's : Remember
Difficulty : 1 Easy
AICPA : FN Reporting
Learning Objective : 01-03 Know the basic definition of a financial statement audit.
AICPA : BB Critical Thinking
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : Auditing, Attest, and Assurance Services Defined
5) Assurance services may improve all of the following except:
5)
Page 3 of 1012 Test Bank Auditing & Assurance Services
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12e Messier
Auditing 2026-2027
& Assurance
–Services
All Chapters
12e Messier 2026-2027 – All Chapters
, Page 4 Test Bank Auditing & Assurance Services
Test Bank
12e Messier
Auditing 2026-2027
& Assurance
–Services
All Chapters
12e Messier 2026-2027 – All Chapters
A) relevance.
B) credibility.
C) periodicity.
D) reliability.
Question Details
AACSB : Communication
Accessibility : Keyboard Navigation
Bloom's : Remember
Difficulty : 1 Easy
AICPA : BB Industry
AICPA : FN Reporting
Learning Objective : 01-03 Know the basic definition of a financial statement audit.
Gradable : automatic
Accessibility : Screen Reader Compatible
Topic : Auditing, Attest, and Assurance Services Defined
6) Evidence is reliable if it:
6)
A) signals the true state of a management assertion.
B) applies to the period being audited.
C) relates to the audit assertion being tested.
D) is sufficient to justify a conclusion.
Question Details
Accessibility : Keyboard Navigation
Difficulty : 1 Easy
Bloom's : Understand
Learning Objective : 01-04 Understand the fundamental concepts that underlie financial statement audi
AICPA : BB Critical Thinking
AACSB : Analytical Thinking
AICPA : FN Measurement
Topic : Fundamental Concepts in Conducting a Financial Statement Audit
Gradable : automatic
Accessibility : Screen Reader Compatible
Page 4 of 1012 Test Bank Auditing & Assurance Services
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12e Messier
Auditing 2026-2027
& Assurance
–Services
All Chapters
12e Messier 2026-2027 – All Chapters
