Audit 2 Chp 2

Audit 2 Chp 2

University

10 Qs

quiz-placeholder

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Audit 2 Chp 2

Audit 2 Chp 2

Assessment

Quiz

Other

University

Practice Problem

Hard

Created by

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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