Audit 2 Chp 2
Quiz
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Other
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University
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Practice Problem
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Hard
Mohd Fauzi Abu Bakar
Used 11+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The final process before the audit opinion is issued needs the following considerations except
Subsequent event
Contingent liability
Substantive strategy
Finalization
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Below are examples of adjusting events except for
Expropriation of major assets by government
Different amount of settlement litigation
Trade debtor's bankrupt
Disposal for unused asset at lower price of market value
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The head or supervisor audit will make ______ before the overall opinion is made.
Record
Review
Recalculation
Readjust
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Below are types of event that occur after the statement of financial position date :
Subsequent events & Going concern
Subsequent events & Contingent liabilities
Contingent liabilities & Going concern
Going concern & Finalization
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
An auditor able identify the issues from
Observe the minutes meeting
Reading the minutes meeting
Enquiry the minutes meeting
Inquiry the minutes meeting
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Subsequent events is ________
significant affect on FS of decision making
insignificant affect on FS of decision making
significant affect on FS adjusting events
insignificant affect on FS non-adjusting events
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Following action should be made when subsequent events occur as follow
Adjusting & Re-adjusting
Adjusting & Non-adjusting
Non-Adjusting & Re-adjusting
Re-adjusting & Nothing
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