kiểm căn bản - phí anh

Which of the following is not a likely source of information to assess fraud risks?

• communications among audit team members

• inquiries of management

• analytical procedures

• consideration of fraud risks discovered during recent audits of other clients

When assessing fraud risk,

• fraud risk is assessed only at the overall financial statement level.

• the auditor's assessment of fraud risk should be ongoing throughout the audit.

• if the auditor concludes that there is a risk of material misstatement due to fraud, auditing standards require that the risks be treated as pervasive.

• auditing standards require that the auditor presume there is a risk of fraud in the inventory account.

________ risk represents the auditor's assessment of the susceptibility of an assertion to material misstatement, before considering the effectiveness of the client's internal control.

• Material

• Account balance

• Control

• Inherent

An example of an external document that provides reliable information for the auditor is: a(n)

• employees' time report.

• bank statement.

• purchase order for company purchases.

• carbon copies of a check.

Which of the following would not increase the risks of material misstatement at the overall financial statement level?

• effective oversight by the board of directors

• deficiencies in management's integrity

• inadequate accounting systems

• all of the above

Which of the following is not explicitly stated in the standard unmodified opinion audit report?

• The financial statements are the responsibility of management.

• The audit was conducted in accordance with generally accepted accounting principles.

• The auditors believe that the audit evidence provides a reasonable basis for their opinion.

• An audit includes assessing the accounting estimates used.

When assessing the risk for fraud, the auditor must be cognizant of the fact that

• the existence of fraud risk factors means fraud exists.

• analytical procedures must be performed on revenue accounts.

• horizontal analysis is not useful in helping to determine unusual financial statement relationships.

• the auditor cannot make inquiries about fraud to company personnel who have no financial statement responsibilities.

Risk assessment procedures include inquiries of management and others by the auditor. As part of these procedures, the auditor should talk to

• internal auditors.

• board of directors.

• individuals involved with regulatory compliance.

• all of the above.

When making audit evidence decisions,

• the auditor decides which items in the population to test before determining the sample size.

• the sample size for any given procedure must remain constant from audit to audit.

• audit engagement software can assist the auditor in making evidence decisions

• the auditor is required to use the sample sizes that are determined by the PCAOB.

Which of the following is not one of the four decisions about what evidence to gather and how much of it to accumulate?

• which audit procedures to use

• which accounts must agree to the general ledger

• when to perform the procedures

• what sample size to select for a given procedure