CHAP 4 5

• A

• B

• C

• D

• E

To which one of the following does 'sufficiency' of audit evidence relate?

• A The quality of audit evidence

• B The reliability of audit evidence

• C The quantity of audit evidence

• D The relevance of audit evidence

• A,B,C

• C,E,G

• A,B,D

Which three of the following relate to assertions about account balances at the period end?

• A Occurrence

• B Completeness

• D Rights and obligations

• E Cut-off

• C Existence

Which three of the following relate to assertions about classes of transactions for the period under audit?

• A Occurrence

• B Completeness

• C Existence

• D Cut-off

Which one of the following describes the meaning of 'financial statement assertions'?

• A The representations made by management that are embodied in the financial statementS

• B The representations made by the auditor on the financial statements that are embodied in the auditor's report

• C The representations made by the auditor that are embodied

• D The representations made by management in the written representation letter in the financial statements

Which two of the following approaches could the auditor use when gathering audit evidence?

• A Tests of control only

• B Substantive procedures only

• C Both tests of control and substantive procedures

• D Analytical procedures only

In carrying out tests of control, which three of the following types of procedures can be used?

• A Inquiry

• B Analytical procedures

• C Computation

• D Inspection

• E Re-performance

• A

• B

• C

• D

• E

Which three of the following are required by the Companies Act 2006 to be reported on by exception in an auditor's report?

• A Adequate accounting records have been kept.

• B Returns adequate for the audit have been received from branches not visited.

• C The information given in the directors' report is consistent with the financial statements.

• D Details of directors' emoluments have been correctly disclosed in the financial statements.

• E In respect of the company's profit or loss for the period, the financial statements give a true and fair view.