Audit Tests
Authored by Tho Anh
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University
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20 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Involve examining support for the closing balance directly.
tests of details of balances
vouching
scanning
tests of details of transactions
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Made to provide evidence about the effectiveness of the design and operations of internal control structure policies and procedures.
auditing procedures
tests of controls
reperformance
tests of details of transactions
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Involve examining support for the individual debits and credits posted to an account.
tests of details of balances
tests of controls
tests of details of transactions
analytical procedures
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the purpose of tests of control ?
To provide audit evidence as to the completensess,accurary,and validity of the information contained in the accounting records
To permit the auditor to emphasise certain population items and de-emphasise the others
To determine to what extent the internal control systems comply with the stated policies,plans,laws and regulations
Used to supplement other samples when there is a nigh likehood of misstatements for a known time period
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The auditor's understanding of internal controls is used to assess control risk for each transaction-related audit objective;
Tests of Controls
Tests of Transactions
Analytical Procedures
Tests of Details of Balances
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Tests of controls are performed only on those controls that the auditor has determined are suitably designed
To rely internal controls without extending substantive test.
To prevent, or detect and correct, a material misstatement in an assertion.
To obtain sufficient appropriate audit evidence.
To respond assess risk.
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The Test of Control audit determines the _____ of internal controls in detecting _____
Structure, Errors
Design, Errors
Effectiveness, Material Misstatement
Effectiveness, Design Flaws
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