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kiem 2

Authored by 20070606 Thảo

English

University

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kiem 2
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40 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Subsequent discoveries of facts requiring the reissuance of financial statements arise from events occurring after the date of the auditor's report.

T

F

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Auditors are required to communicate either orally or in writing with the audit committee about internal control weaknesses.

T

F

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If, during the completion phase of the audit, the auditor determines that he or she has not obtained sufficient evidence to draw a conclusion about the fairness of the client's financial statements, there are two choices: accumulate additional evidence or issue either a qualified or an adverse opinion.

T

F

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An independent review must be performed of all audits.

T

F

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The letter of representation is prepared on the CPA firm's letterhead, addressed to the client's chief executive officer, and signed by the audit engagement partner.

T

F

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Auditors are required to obtain a letter of representation that describes management's planned solutions to all internal control weaknesses identified during an audit.

T

F

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At the completion of the audit, management is typically asked to make a written statement as a part of the engagement letter that it is aware of no undisclosed contingent liabilities.

T

F

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