TEST BANK For Auditing & Assurance Services: A Syst
A A A A A A A A
ematic Approach, 12th Edition
A A A A
Chapters 1 - 21 Complete
A A A A
,
,ChapterA1:AAnAIntroductionAtoAAssuranceAandAFinancialAStatementAAuditing
ChapterA2:ATheAFinancialAStatementAAuditingAEnvironment
ChapterA3:AAuditAPlanning,ATypesAofAAuditATests,AandAMateriality
ChapterA4:ARiskAAssessment
ChapterA5:AEvidenceAandADocumentation
ChapterA6:AInternalAControlAinAaAFinancialAStatementAAudit
ChapterA7:AAuditingAInternalAControlAoverAFinancialAReporting
ChapterA8:AAuditASampling:AAnAOverviewAandAApplicationAtoATestsAofAControls
ChapterA9:AAuditASampling:AAnAApplicationAtoASubstantiveATestsAofAAccountABalances
ChapterA10:AAuditingAtheARevenueAProcess
ChapterA11:AAuditingAtheAPurchasingAProcess
ChapterA12:AAuditingAtheAHumanAResourceAManagementAProcess
ChapterA13:AAuditingAtheAInventoryAManagementAProcess
ChapterA14:AAuditingAtheAFinancing/InvestingAProcess:APrepaidAExpenses,AIntangibleAAssets,AandAPr
operty,APlant,AandAEquipment
ChapterA15:AAuditingAtheAFinancing/InvestingAProcess:ALong-
TermALiabilities,AStockholders’AEquity,AandAIncomeAStatementAAccounts
ChapterA16:AAuditingAtheAFinancing/InvestingAProcess:ACashAandAInvestments
ChapterA17:ACompletingAtheAAuditAEngagement
ChapterA18:AReportsAonAAuditedAFinancialAStatements
ChapterA19:AProfessionalAConduct,AIndependence,AandAQualityAManagement
ChapterA20:ALegalALiability
ChapterA21:AAssurance,AAttestation,AandAInternalAAuditingAServices
, AuditingA&AAssuranceAServices:AAASystematicAApproach,A12eA(Messier)AChapter
A1A AnAIntroductionAtoAAssuranceAandAFinancialAStatementAAuditing
1) AuditingAfocusesAonArules,Atechniques,AandAcomputationsArequiredAtoAprepareAandAanaly
zeAfinancialAinformation.
ANSWER:A FALSEADifficult
y:A1AEasy
Topic:A TheAImportanceAforAStudyingAAuditing
LearningAObjective:A 01-
01AUnderstandAwhyAstudyingAauditingAcanAbeAvaluableAtoAyouAwhetherAorAnotAyouAplanAtoAbecom
eAanAauditor,AandAwhyAitAisAdifferentAfromAstudyingAaccounting.
Bloom's:A RememberAAAC
SB:A Communication
AICPA:A BBALegal;AFNADecisionAMaking
2) DecisionAmakersAdemandAreliableAinformationAthatAisAprovidedAbyAaccountants.
ANSWER:A TRUEADifficulty
:A1AEasy
Topic:A TheADemandAforAAuditingAandAAssurance
LearningAObjective:A 01-
02AUnderstandAtheAdemandAforAauditingAandAbeAableAtoAexplainAtheAdesiredAcharacteristicsAofAau
ditorsAandAauditAservicesAthroughAanAanalogyAtoAaAhouseAinspectorAandAaAhouseAinspectionAservic
e.
Bloom's:A UnderstandAAA
CSB:A Communication
AICPA:A FNADecisionAMaking;ABBAIndustry
3) InformationAasymmetryAseldomAoccurs.
ANSWER:A FALSEADifficult
y:A2AMedium
Topic:A TheADemandAforAAuditingAandAAssurance
LearningAObjective:A 01-
02AUnderstandAtheAdemandAforAauditingAandAbeAableAtoAexplainAtheAdesiredAcharacteristicsAofAau
ditorsAandAauditAservicesAthroughAanAanalogyAtoAaAhouseAinspectorAandAaAhouseAinspectionAservic
e.
Bloom's:A Apply
AACSB:A Communication
AICPA:A BBAIndustry;AFNAReporting
A A A A A A A A
ematic Approach, 12th Edition
A A A A
Chapters 1 - 21 Complete
A A A A
,
,ChapterA1:AAnAIntroductionAtoAAssuranceAandAFinancialAStatementAAuditing
ChapterA2:ATheAFinancialAStatementAAuditingAEnvironment
ChapterA3:AAuditAPlanning,ATypesAofAAuditATests,AandAMateriality
ChapterA4:ARiskAAssessment
ChapterA5:AEvidenceAandADocumentation
ChapterA6:AInternalAControlAinAaAFinancialAStatementAAudit
ChapterA7:AAuditingAInternalAControlAoverAFinancialAReporting
ChapterA8:AAuditASampling:AAnAOverviewAandAApplicationAtoATestsAofAControls
ChapterA9:AAuditASampling:AAnAApplicationAtoASubstantiveATestsAofAAccountABalances
ChapterA10:AAuditingAtheARevenueAProcess
ChapterA11:AAuditingAtheAPurchasingAProcess
ChapterA12:AAuditingAtheAHumanAResourceAManagementAProcess
ChapterA13:AAuditingAtheAInventoryAManagementAProcess
ChapterA14:AAuditingAtheAFinancing/InvestingAProcess:APrepaidAExpenses,AIntangibleAAssets,AandAPr
operty,APlant,AandAEquipment
ChapterA15:AAuditingAtheAFinancing/InvestingAProcess:ALong-
TermALiabilities,AStockholders’AEquity,AandAIncomeAStatementAAccounts
ChapterA16:AAuditingAtheAFinancing/InvestingAProcess:ACashAandAInvestments
ChapterA17:ACompletingAtheAAuditAEngagement
ChapterA18:AReportsAonAAuditedAFinancialAStatements
ChapterA19:AProfessionalAConduct,AIndependence,AandAQualityAManagement
ChapterA20:ALegalALiability
ChapterA21:AAssurance,AAttestation,AandAInternalAAuditingAServices
, AuditingA&AAssuranceAServices:AAASystematicAApproach,A12eA(Messier)AChapter
A1A AnAIntroductionAtoAAssuranceAandAFinancialAStatementAAuditing
1) AuditingAfocusesAonArules,Atechniques,AandAcomputationsArequiredAtoAprepareAandAanaly
zeAfinancialAinformation.
ANSWER:A FALSEADifficult
y:A1AEasy
Topic:A TheAImportanceAforAStudyingAAuditing
LearningAObjective:A 01-
01AUnderstandAwhyAstudyingAauditingAcanAbeAvaluableAtoAyouAwhetherAorAnotAyouAplanAtoAbecom
eAanAauditor,AandAwhyAitAisAdifferentAfromAstudyingAaccounting.
Bloom's:A RememberAAAC
SB:A Communication
AICPA:A BBALegal;AFNADecisionAMaking
2) DecisionAmakersAdemandAreliableAinformationAthatAisAprovidedAbyAaccountants.
ANSWER:A TRUEADifficulty
:A1AEasy
Topic:A TheADemandAforAAuditingAandAAssurance
LearningAObjective:A 01-
02AUnderstandAtheAdemandAforAauditingAandAbeAableAtoAexplainAtheAdesiredAcharacteristicsAofAau
ditorsAandAauditAservicesAthroughAanAanalogyAtoAaAhouseAinspectorAandAaAhouseAinspectionAservic
e.
Bloom's:A UnderstandAAA
CSB:A Communication
AICPA:A FNADecisionAMaking;ABBAIndustry
3) InformationAasymmetryAseldomAoccurs.
ANSWER:A FALSEADifficult
y:A2AMedium
Topic:A TheADemandAforAAuditingAandAAssurance
LearningAObjective:A 01-
02AUnderstandAtheAdemandAforAauditingAandAbeAableAtoAexplainAtheAdesiredAcharacteristicsAofAau
ditorsAandAauditAservicesAthroughAanAanalogyAtoAaAhouseAinspectorAandAaAhouseAinspectionAservic
e.
Bloom's:A Apply
AACSB:A Communication
AICPA:A BBAIndustry;AFNAReporting
