Kiểm Toán và Đảm Bảo

Who is responsible for the subject matter issues?

• Intended user

• Practitioner

• Auditor

• Responsible party

Which of the following statements is TRUE about guarantees:

• Both statements are true

• Statement 2 is false

• Statement 1 is false

• Both statements are false

"Based on our assessment, there is nothing that causes us to believe that the accompanying financial statements do not present fairly, in all material respects ..... in accordance with international financial reporting standards." Which of the following statements BEST describes the type of assurance provided by this statement?

• Positive assurance expressed negatively

• High level of assurance expressed negatively

• Negative assurance expressed positively

• Limited level of assurance expressed negatively

Which of the following statements best describes the evidence gathered and the opinion expressed in a reasonable assurance audit?

• Appropriate and sufficient evidence and a positive opinion expressed

• Lower level of evidence and a negative opinion expressed

• Lower level of evidence and a positive opinion expressed

• Appropriate and sufficient evidence and a negative opinion expressed

Which of the following factors is a factor of an assurance audit?

• (1) Three-party relationship

• (2) Report

• (3) Determining materiality

• (4) Participation letter

Which of the following definitions is the most appropriate definition of external auditing?

• External auditing provides negative assurance about the truth and fairness of a company's financial statements

• External auditing is an activity carried out to provide an opinion on the effectiveness of a company's internal control system.

• External auditing is an activity carried out by auditors to provide an opinion on whether a company's financial statements are materially misstated.

• External auditing is an activity carried out to provide an opinion on the effectiveness of a company's internal control system.

Which organization is responsible for issuing ISAs?

• IAASB

• IESBA

• IASC

• IASB

Which of the following is a limitation of providing audit services?

• The audit work is performed by individuals independent of the entity.

• Sampling is used in assurance work.

• The level of assurance provided by an external audit is reasonable assurance but not absolute assurance.

• Inadequately qualified staff may be used in audits.

The level of assurance provided by an assurance audit will depend on the type of audit. What level of assurance is typically provided for a financial statement audit?

• None

• Limited

• Reasonable

• Absolute

Is the following statement about management correct or not?

• Correct

• Incorrect