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Auditing

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

... is a person whose job it is to make sure that information reported on financial statements is true and accurate and that the financial statements are prepared according to GAAP principles.

a)

Accountant

b)

Auditor

c)

Watchdog

d)

Financier

2.

Translate: пересмотр возможностей для мошенничества

a)

reviewing the opportunities for fraud

b)

judgements will be challenged

c)

reviewing safeguarding assets

d)

to provide impartial audit review

3.

... auditors perform accounting, tax and consulting work for corporations, governments and individuals.

a)

Internal

b)

Independent

c)

Public

d)

External

4.

... auditors work with government departments or private businesses, checking for mismanagement of funds and findinf ways to eliminate waste and fraud.

a)

Independent

b)

Public

c)

External

d)

Internal

5.

... auditors assert whether financial statements are free of material misstatement due to error or fraud.

a)

External

b)

Public

c)

Independent

d)

Internal

6.

External auditors may provide tax and consulting services.

a)

True

b)

False

7.

An audit enables an independent Certified Public Accountant to issue what is referred to as "an option".

a)

True

b)

False

8.

Auditors produce ..., stating that the financial statements do not give an entirely true and fair view and there are some problems.

a)

an unqualified report

b)

a qualified report

9.

Translate: interest-bearing accounts

a)

регулирующие счета

b)

нераздельные счета

c)

процентные счета

d)

накопительные счета

10.

Contingent means ...

a)

nonprofit

b)

efficient

c)

vital

d)

dependent

11.

Two managers were charged with ... $400,000 over a ten-year period.

a)

integrity

b)

payroll

c)

embezzling

d)

misstatement

12.

His ... includes strategy development, and pricing and packaging issues, as well as regulatory affairs.

a)

remit

b)

scope

c)

entity

d)

payroll

13.

An examination and evaluation of a firm's or individual's financial records to derive evidence that can be used in a court of law or legal proceeding is referred to as ...

a)

compliance audit

b)

forensic audit

14.

... is a comprehensive review of an organization's adherence to regulatory guidelines.

a)

Compliance audit

b)

Forensic audit

15.

Find a synonym to the word "disruptive":

a)

troublemaking

b)

vital

c)

enable

d)

subjective