Issues and Problems in Accounting and Auditing

In auditing era, who were measured by their honesty?

• government officials

• government auditors

• government accountants

• government treasurer

Auditing started during the period when the records were approved after a public _______.

• speaking

• singing

• reading

• discussion

_____________ cannot be demonstrated without an audit.

• Measurement

• Ability

• Responsibility

• Accountability

The subject matter of audit is susceptible to verification by _______.

• confidence

• evidence

• laws

• distribution

The audit should be performed only when its benefits weigh more than the _____.

• evidences

• costs

• risks

• standards

______ determine if the statements were prepared according with GAAP.

• Audits of financial statements

• Compliance audits

• Operational audits

• Dimensional audits

__________ review the effectiveness and efficiency of particular unit of an organization.

• Audits of financial statements

• Compliance audits

• Dimensional audits

• Operational audits

What is the last process in auditing?

• Review of financial statements

• Planning of the audit

• Audit report

• Planning of the audit

___________verifies if the company had complies with law, regulations or polices and procedures.

• Compliance audits

• Dimensional audits

• Operational audits

• Compliance audits

What is the first process in auditing?

• Review of financial statements

• Planning of the accounting

• Audit report

• Planning of the audit