Quiz 1

Quiz 1

University

10 Qs

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Quiz 1

Quiz 1

Assessment

Quiz

Business

University

Practice Problem

Easy

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the companies whose annual financial statements are required to be audited by external auditors in Vietnam?

Foreign direct investment, financial institution, Public/listed interest entities and private owned enterprises.

Financial institution, Public/listed interest entities, Insurance enterprises and foreign direct investment.

Public/listed interest entities, Insurance enterprises, start-up entities and foreign direct investment.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the objective of an external audit engagement from perspective of an auditing firm?

To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement

To obtain sufficient appropriate evidence in order to expresses a conclusion designed to enhance the degree of confidence of the intended users.

To enable the auditor to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

  What are the possible types of the auditor’s opinion?

 

1.       Unmodified audit opinion

2.       Plurality opinion

3.       Qualified audit opinion

4.       Emphasis of matter

5.       Majority opinion

6.       Disclaimer

7.       Adverse opinion

Concurring opinion

1,3,5,7,8

1,3,4,6,7

2,4,5,6,8

All of the above

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What should be documented in auditors’ working papers when implementing the activities?

Attach all supporting documents

Audit opinion

Objective, finding, work done and conclusion.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Professional skepticism is an attitude that includes:

Be well-equipped, professional judgement and hard working.

Perform sufficient audit procedures in accordance with Vietnamese Standards on Auditing.

A questioning mind, critical assessment of audit evidence.

Dedicated, qualification and technical knowledge.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

_____ is the mistake or change in input value in a financial statement if it changes the decision making for the user.

Threshold

Materiality

     Performance materiality

 

Analysis

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The difference (relative or absolute) from the actual value above which a misstatement is required to be corrected is called _____.

analysis

materiality

negligence

threshold

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