Test Bank for Auditing & Assurance Services 4th Canadian Edition by William Messier Chapters 1-21

Test Bank
Auditing & Assurance Services
4th Canadian Edition by William Messier Chapters 1-21




1

,TABLE OF CONTENTj j

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Part One: Introduction To Assurance And Financial Statement Auditing
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Chapter 1 An Introduction To Assurance And Financial Statement Auditing
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Chapter 2 The Financial Statement Auditing Environment
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Part Two: Audit Planning And Basic Auditing Concepts
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Chapter 3 Audit Planning, Types Of Audit Tests, And Materiality
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Chapter 4 Risk Assessment
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Chapter 5 Evidence And Documentation
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Part Three: Understanding And Auditing Internal Control
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Chapter 6 Internal Control In A Financial Statement Audit
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Chapter 7 Auditing Internal Control Over Financial Reporting
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Part Four: Statistical And Nonstatistical Sampling Tools For Auditing
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Chapter 8 Audit Sampling: An Overview And Application To Tests Of Controls
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Chapter 9 Audit Sampling: An Application To Substantive Tests Of Account Balan
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ces

Part Five: Auditing Business Processes
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Chapter 10 Auditing The Revenue Process
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Chapter 11 Auditing The Purchasing Process
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Chapter 12 Auditing The Human Resource Management Process Chapter 13 Audi
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ting The Inventory Management Process
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Chapter 14 Auditing The Financing/Investing Process: Prepaid Expenses, Intangi
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,ble Assets, Property, Plant, And Equipment, And Goodwill
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Chapter 15 Auditing The Financing/Investing Process: Long-
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Term Liabilities, Shareholders' Equity, And Income Statement Accounts
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Chapter 16 Auditing The Financing/Investing Process: Cash And Investments Part
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Six Completing The Audit And Reporting Responsibilities
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Chapter 17 Completing The Audit Engagement
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Chapter 18 Reports On Audited Financial Statements Part Seven Professional Re
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sponsibilities
Chapter 19 Professional Conduct, Independence, And Quality Control
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Chapter 20 Legal Liability Part Eight Assurance, Attestation, And Internal Auditing
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Services
Chapter 21 Assurance, Attestation, And Internal Auditing Services
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3

, Chapter 01 4ce - Messier
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1) Auditingjfocusesjonjrules,jtechniques,jandjcomputationsjrequiredjtojpreparejandjanalyzejfin
ancialjinformation.
⊚j true
⊚j false



2) Decisionjmakersjdemandjreliablejinformationjthatjisjprovidedjbyjaccountants.
⊚j true
⊚j false



3) Informationjasymmetryjseldomjoccurs.
⊚j true
⊚j false



4) Conflictsjofjinterestjoftenjoccurjbetweenjabsenteejownersjandjmanagers.
⊚j true
⊚j false



5) Auditingjservicesjandjattestjservicesjarejthejsame.
⊚j true
⊚j false



6) Auditingjisjajtypejofjattestjservice.
⊚j true
⊚j false



7) Testingjalljtransactionsjthatjoccurredjduringjthejperiodjisjcostjprohibitive.
⊚j true
⊚j false




4