Free Printable Tổng hợp audit

1.

1. The assurance provider is using statistical sampling. Which TWO of the following methods would be most appropriate to use to select a sample of accounts receivable?

a)

Haphazard selection

b)

Systematic selection

c)

Random selection

d)

Block selection

2.

1. Which ONE of the following statements is correct in respect of procedures to obtain evidence?

a)

A. Inquiry (Cuộc điều tra) is always an unreliable means (phương tiện) of obtaining evidence

b)

A. Recalculation is a strong form of evidence as it created by the assurance provider.

c)

A. Physical examination of property, plant and equipment confirms ownership (Sự hiện hữu chứ kh phải quyền hiện hữu)

3.

Which TWO of the following statements are correct?

a)

A. Inspection (Kiểm tra) of assets confirms rights and obligations (Kiểm tra vật chất) (Existence)

b)

A. Inspection of a purchase invoice confirms existence (Kiểm tra tài liệu) (rights and obligations)

c)

A. Inquiry of third parties gives better evidence than inquiries of entity insiders (Người trong tổ chức)

d)

A. Analytical procedures is compulsory at the planning stage of an audit

4.

1. In respect of an assurance engagement, which ONE of the following is the least persuasive (Thuyết phục) of gathering evident?

a)

Inspection of a supplier’s invoice

b)

Inspection of a sale’s invoice(Đơn vị kiểm toán tự cấp)

c)

A. Re-performance of a depreciation calculation

d)

A. Inspection of bank statement ( Sao kê ngân hàng)

5.

1. Which ONE of the following statement is incorrect ? When using analytical procedures, assurance providers should:

a)

A. Consider whether the information they might require will available

b)

A. Consider the source of the information and whether it is reliable

c)

A. Consider the knowledge gained during previous assurance engagements

d)

Not use information that has been internally generated at the entity

6.

1. When determining a sample size for TOC, there is a number of factors which an auditor should take into account. If there is an increase in tolerable misstatement (Sai phạm có thể bỏ qua), select whether the above factor would cause the sample size to increase, decrease or to have negligible effect.

a)

A. Increase

b)

A. Decrease

c)

A. Negligible effect

7.

1. There is an opinion as follows: “Test data only include dummy data”. True or false in respect of test data?

a)

A. True

b)

A. False

8.

1. There is an opinion as follows: “Test data are a type of subtantive procedure”. It is True or false in respect of test data?

a)

True

b)

False

9.

1. There is an opinion as follows: “Test data can be used to help in the calculation of ratios”. It is True or false in respect of test data?

a)

A. True

b)

False

10.

1. There is an opinion as follows: “Computer-assisted audit techniques (CAATs) can be used to perform the assurance procedure of re-performance”. It is True or false in respect of computer-assisted audit techniques?

a)

A. True

b)

A. False

11.

1. There is an opinion as follows: “Test data can be used to ensure that controls in the client’s system are operating as the assurance provider expects them to”. It is True or false in respect of computer-assisted audit techniques?

a)

A. True

b)

A. False

12.

1. There is an opinion as follows: “A sample of confirmation requests drawn from the client’s list of balances (Danh sách số dư) is more appropriate for receivables balances than for payables balances”. It is T of F in respect of external confirmation?

a)

A. True

b)

A. False

13.

In order to gather sufficient, appropriate evidence, the auditor may make use of external confirmation requests. Select whether this statement: “A positive 1. confirmation request ordinarily providers more reliable audit evidence than a negative confirmation request” is true or false

a)

A. True

b)

A. False

14.

1. Which ONE of the following techniques is NOT one of the-assisted audit techniques?

a)

A. Test data

b)

A. Audit software

c)

A. Haphazard selection

d)

A. Data analytics

15.

1. There is an opinion as follows: “When attempting to verify controls over petty cash, inquiry is likely to be strong evidence when assesing the risk of fraud from poor segregation of duties”. It is true or false in respect of procedures to obtain evidence?

a)

True

b)

False

16.

1. Which TWO of the following statement are correct in respect of procedures to obtain evidence?

a)

A. Physical examination of property, plant and equipment confirms existence

b)

A. Inquiry is always an unreliable means of obtaining evidence

c)

A. Recaculation is a strong form of evidence as it created by the assurance provider

d)

A. Physical examination of property, plant and equipment confirms ownership

17.

1. Which TWO of the following statements are correct in respect of reliability of audit evident?

a)

A. An original copy of a lease agreement is more reliable than a photocopy

b)

A. A sales invoices is more reliable than a purchase invoice

c)

A. A bank statement is more reliable than the cash at bank nominal ledger account

18.

1. Which ONE of the following statements is correct?

a)

A. Inquiry of third parties gives better evidence than inquiries of entity insiders

b)

Analytical procedures is compulsory (Optional) at the implementing (Planning - Completing) stage of an audit

c)

A. Inspection of assets confirms right and obligations

d)

A. Inspection of a purchase invoice confirms existence

19.

1. There is an opinion as follows: “ Observing an employee of the client re-performing a particular control is usually sufficient to determine that it is operating satisfactorily”. It is T or F in respect of procedures to obtain evidence?

a)

True

b)

False

20.

1. Which THREE of the following statements are incorrect?

a)

Observation gives strong ongoing evidence of the matter being observed

b)

Inspection of a purchase invoice confirms existence

c)

Inspection of a purchase invoice confirms the cost of inventory

d)

Inspection of assets confirms rights and obligations

21.

1. The assurance provider writes to a sample of customers asking them to inform him of the balance they owe the company at the year end. Which ONE of the procedures is being used according to the above test?

a)

A. Observation

b)

A. Inspection

c)

A. Re-performance

d)

A. Confirmation

22.

1. The assurance provider looks at a share certificate to confirm that the commpany has an investment in Blue Ltd. Which ONE of the procedures is being used according to the above test?

a)

A. Observation

b)

Inspection

c)

A. Re-performance

d)

A. Confirmation

23.

1. There is an opinion as follows: “Data analytics allows auditors to investigate complex data using simple visualisation techniques.” It is T or F in respect of data analytics?

a)

A. True

b)

A. False

24.

1. When determing a sample size for TOC, there is a number of factors which an auditor should take into account. If there is a decrease in the auditor’s required confidence level (Mức độ tin cậy được yêu cầu, đòi hỏi của audit), select whether the above factor would cause the sample size to increase, decrease or to have negligible effect

a)

A. Increase

b)

A. Decrease

c)

A. Negligible effect

25.

1. The determining a sample size for tests of details, there is an opinion as follows “An increase in the use of analytical procedures to test the same assertion will decrease the sample size”. It is true or false in respect of the factors effect to sample size? (Tăng cường sử dụng các thủ tục phân tích để kiểm tra cùng một khẳng định)

a)

True

b)

False

26.

1. The determining a sample size for tests of details, there is an opinion as follows “An increase in the level of misstatements (Mức độ sai phạm) that the auditor expects to find when testing the assertion (cơ sở dẫn liệu) will increase the sample size”. It is true or false in respect of the factors effect to sample size?

a)

A. True

b)

A. False

27.

1. In which ONE of the following situations could audit (Finger – con số số liệu – k làm được testing control, kiểm soát trong đơn vị) software not appropriately be used ?

a)

A. When extracting a sample of invoices over a certain time

b)

A. When extracting all invoices to specific customers

c)

A. When testing controls over invoice processing

d)

A. When checking calculcation on a selection of invoice

28.

1. Which ONE of the following procedures would be the most appropriate for verifying the interest accrued on borrowings?

a)

A. Testing internal controls over cash payments

b)

A. Vouching to the interest paid (Chứng từ trả lãi)

c)

A. Confirming the interest rate with the lender

d)

A. Recalculating the interest accrued on the basis of outstanding amount interest rate and period to which it relates.

29.

1. Which TWO of the following statements are correct?

a)

A. When testing for understatement, the assurance provider will select items from outside the accouting records (Hồ sơ kế toán) and trace to the records

b)

A. When testing for overstatement, the assurance provider will select items form outside the accouting records and trace to the records

c)

A. When testing for overstatement, the assurance provider will test items from the accounting records to the supporting documents.

d)

A. When testing for understatement, the assurance provider provider will test from the accounting records to the supporting documents.

30.

1. Which TWO of the following are factors that an auditor should take into account when determining the sample size for a test of details?

a)

A. The time available to complete the test

b)

A. A decrease in the level of expected misstatement

c)

An increase in the auditor’s assessment of the risk of material misstatement

d)

A. The skill of the team member assigned to carry out the test

31.

1. The auditor of Blue Ltd has carried out a test on a sample of receivables and has discovered a higher than expected number misstatements. Which THREE of the following steps would be an appropriate response to this?

a)

A. Estimate the probable overall misstatement by Extrapolating the results

b)

A. Increase the tolerable misstatement. -> decrease sample size

c)

A. Investigate the nature and cause of the misstatements

d)

A. Consider the effect of the misstatement on other parts of the audit

32.

1. Which TWO of the following statement are incorrect?

a)

A. When testing for understatement, the assurance provider will test items from the accounting records to the supporing documents

b)

A. When testing for understatement, the assurance provider will select items from outside the accouting records and trace to the records

c)

A. When testing for overstatement, the assurance provider will select items from outside the accouting records and trace to the records

d)

A. When testing for overstatement, the assurance provider will test items from the accounting records to the supporing documents

33.

1. Which ONE of the following is the definition of anomaly (Sai phạm cá biệt: Sai phạm kh đại diện cho tổng thể)?

a)

A. The misstatement that the auditor expects to be present in the population

b)

A. The maxium misstatement in the population that the auditor would be willing to accept

c)

A misstatement or deviation that is demonstrably not representative misstatements or deviation in a population

d)

A. Control deviations, when performing tests of control, or misstatement, when performing substantive procedures

34.

1. Which TWO of the following statements are correct regarding factors which influence sample sizes for tests of controls?

a)

A. An increase in the number of sampling units within the population will increase the sample size

b)

An increase in the extent (Mức độ) to which the risk of material misstatement is reduced by the operating effectiveness of controls will decrease the sample size.

c)

A. A decrease in the expected misstatement (Sai phạm dự kiến) will decrease the sample size.

d)

A. A decrease in the tolerable misstatement will decrease the sample size.

35.

1. For the following description: “ James is auditing trace accounts receivable. Materiality is $25,000. The sample is selected on the basis of choosing the balances containing each $25,000^th$1 on a cumumlation”. Which ONE of the below selections is described?

a)

A. Block selection (Mẫu theo phát sinh trong 1 tháng, Certain amount, 1 mức nào đấy,…)

b)

A. Monetary unit sampling (Mẫu theo đơn vị tiền tệ)

c)

A. Systematic selection (Mẫu theo hệ thống)

36.

Which ONE of the following is not an example of a specific area where audit data analytics may now be used?

a)

A. Three-way matching between sales orders, goods despatched records and invoices (Đơn đặt hàng, phiếu xuất kho, hoá đơn)

b)

A. Extracting samples of transaction for futher examination.

c)

A. Comparing entity data to externally obtained data

d)

A. Re-performing calculations relevant to the financial statements

37.

1. According to ISA 450, auditor must evaluate (Đánh giá) the effect of any uncorrected misstatements (Sai sót chưa được điều chỉnh) on the financial statements. This includes determing whether any uncorrected misstatements are material. Which THREE of the following factors will the auditor use to determine whether uncorrected misstatements are material?

a)

A. The size of the misstatement (Độ lớn)

b)

A. The nature of the misstatement (Bản chất)

c)

A. The materiality level for the financial statements as a whole (Mức độ trọng yếu ở cấp độ tổng thể báo cáo tài chính) (Sai phạm đơn lẻ/ Sai phạm ở mức độ cơ sở dẫn liệu nên câu C không phải)

d)

A. The circumstances of the occurrence (Phát sinh) of the misstatement (Tình huống xảy ra để đánh giá bản chất)

38.

1. In relation to a statutory audit, which ONE of the following written representations is required?

a)

A. The accounting policies selected and applied by management are appropriate

b)

A. The directors have fulfilled their responsibility for the preparation of the financial statements

c)

A. A material item, subject to management judgement, for which no other evidence could reasonably be expected to exist

39.

1. There is an opinion as follows: “Written representation can be used as a substitute (Thay thế) for evidence which would be available to the auditor by other means (Phương tiện)”. It is T or F in respect of written representations?

a)

A. True

b)

False

40.

1. There is an opinion as follows: “Written representation are required from all client staff who have made oral (Miệng) representations”. It is true or false in respect of written representations?”.

a)

A. True

b)

A. False

41.

1. In relation to a statutory audit, which TWO of the following written representations are not required?

a)

A. The directors have fulfilled (Hoàn thành) their responsibility for the preparation of the financial statements

b)

A. The accounting policies selected and applied by management are appropriate.

c)

A. A material item, subject to management judgement, for which no other evidence could reasonably be expected to exist.

42.

1. According to ISA (UK) 580 – Written Representations, Which TWO of the following must auditors obtain written representation about?

a)

A. That the financial statements record and reflect all transactions

b)

A. Management’s belief that it has fulfilled its responsibility for the preparation of the financial statements

c)

A. Material matters where other evidence cannot reasonaby be expected to exist

d)

A. Management’s agreement of the level of materiality used during the audit.

43.

1. According to ISA (UK) 580 – Written Representations, Which TWO of the following must auditors obtain written representation about?

a)

A. Management’s agreement of the level of materiality used during the audit

b)

A. Management has provided the auditor with all relevant information and access as agreed in the terms of the audit engagement

c)

A. Material matters where other evidence cannot reasonably be expected to exist

d)

A. Management’s belief that it has fulfilled its responsibility for the preparation of the financial stetement

44.

1. There is an opinion as follows: “Written representation are appropriate evidence when evidence the auditors expected to be available is unvailable”. It is true or false in respect of written representations?

a)

A. True

b)

B. False

45.

1. There is an opinion as follows: “If written representation given do not agree with other evidence, auditors should not trust any other representations made by management during the course of the audit”. It is true or false in respect of written representations?

a)

A. True

b)

A. Falue

46.

1. There is an opinion as follows: “The auditor should evaluate whether the representations appear reliable and are consistent with other evidence obtained before they are relied on as audit evidence”. It is true or false in respect of written representations?

a)

A. True

b)

A. Falue

47.

There is an opinion as follows: “The matters to be referred to in the written representation letter shall be discussed by the auditor with senior management (Nhà quản lý cấp cao)”. It is true or false in respect of written representations?

a)

A. True

b)

A. Falue

48.

1. Which TWO of the following are NOT purposes of a written representation letter from management?

a)

A. Confirmation that managerment has recorded and reflected all transactions in the financial statements

b)

A. Confirmation that managerment understands the terms of the engagement

c)

A. Confirmation that managerment has received the signed audit report

d)

A. Confirmation that managerment has fulfilled its responsibility for the preparation of the financial statements

49.

Which ONE of the following ISAs is not normally referred to in a standard written representation letter from management? (Gỉai trình các bên liên quan, sự kiện phát sinh sau ngày khoá sổ, ..)

a)

A. ISA 550, Related Parties

b)

A. ISA 240, The Auditor’s Responsibilities relating to Fraud in an audit of financial statements

c)

A. ISA 300, Planning an audit of financial statements

d)

A. ISA 560, Subsequent Events

50.

1. Which TWO of the following are purposes of a written representation letter?

a)

A. Confirmation by management of the scope of the work to be carried out by assurance firm

b)

A. Provision of evidence in respect of material items where other evidence is available

c)

A. Acknowledgement that management has fulfilled its responsibility for the preparation of the financial statements

d)

A. Recognition (Sự nhận ra) by management of its belief that the aggregate (=sum) of uncorrected misstatements are immaterial (không trọng yếu) to the financial statements.

51.

1. Which ONE of the following procedures should be undertaken to confirm the existence of cash at bank?

a)

A. Reperforming the additions (Bổ sung) on the bank reconciliation (Đối chiếu)

b)

A. Obtaining direct confirmation of the bank balance (Số dư ngân hàng) from the client’s bank ) (Gửi thư xác nhận)

c)

A. Inspecting (Kiểm tra) the bank reconciliation statement prepared by the client

d)

A. Checking the figures at bank nominal ledger account

52.

1. Which ONE of the following procedures is the most appropriate to confirm the existence and rights of trade receivable?

a)

A. Review of purchase invoices

b)

A. Review of sales invoices

c)

A. Review of the receivables ledger

d)

A. Direct confirmations with customers

53.

1. Which ONE of the following procedures is the most appropriate to confirm the existence of trade receivable?

a)

A. Review of sales invoices

b)

A. Direct confirmations with customers

c)

A. Review of the receivables ledger

54.

1. Direct confirmation of trace receivables providers evidence in respect of which TWO of the following assertions?

a)

A. Existence

b)

A. Completeness

c)

A. Right and obligations

d)

A. Occurrence

55.

1. Which ONE of the following is the key assertion with which auditors are concerned in relation to payables?

a)

A. Valuation

b)

A. Existence

c)

A. Right and obligations

d)

A. Completeness

56.

1. Which ONE of the following is the key assertion with which auditors are concerned in relation to trace receivables?

a)

A. Occurence

b)

A. Completeness

c)

A Existence

d)

A. Rights and obligations

57.

1. Which ONE of the following is NOT the key assertion with which auditors are concerned in relation to non-current asset?

a)

A. Rights and obligations

b)

A. Valuation

c)

A. Existence

d)

A. Completeness

58.

1. Which THREE of the following is the key assertion with which auditors are concerned in relation to non-current asset?

a)

A. Valuation

b)

A. Existence

c)

A. Completeness

59.

1. Which THREE of the following provide evidence to support the rights and obligations assertion in relation to non-current asset?

a)

A. Purchase invoices

b)

A. Sales invoices

c)

A. Title deeds

d)

A. Vehicle registration documents

60.

1. Direct confirmation of trade receivables providers evidence in respect of which TWO of the following assertions?

a)

A. Valuation

b)

A. Existence

c)

A. Completeness

d)

A. Right and obligation

61.

1. Direct confirmation of trade receivables providers evidence in respect of which TWO of the following assertions?

a)

A. Existence

b)

A. Accuracy, valuation and allocation

c)

A. Right and obligations

d)

A. Classification

62.

1. Which TWO of the following procedures would provide evidence of rights and obligations of motor vehicles?

a)

A. Physical inspection of motor vehicles

b)

A. Review of purchase invoices for motor vehicles acquired in the period.

c)

A. Vouching a sample of motor vehicles in the asset register to registration documents.

d)

A. Confirmation that calculations on the non-current asset schedule are correct in respect of motor vehicles

63.

1. Which ONE of the following procedures would provide evidence of existence of motor vehicles?

a)

Vouching a sample of motor vehicles in the asset register to registration documents.

b)

A. Confirmation that calculations on the non-current asset schedule are correct in respect of motor vehicles

c)

A. Physical inspection of motor vehicles

d)

A. Review of purchase invoices for motor vehicles acquired in the period.

64.

There is an opinion as follows: “Adequate (Đầy đủ) inventory records must be kept up to date”. It is T or F in respect of perpetual inventory counts (Kiểm kê thường xuyên) ?

a)

True

b)

A. False

65.

1. There is an opinion as follows: “All inventory lines must be counted at least once per month.” It is T or F in respect of perpetual inventory counts (Kiểm kê thường xuyên) ?

a)

A. True

b)

False

66.

1. There is an opinion as follows: “Material difference between book inventory and actual inventory must be investigated and corrected”. It is T or F in respect of perpetual inventory counts (Kiểm kê thường xuyên) ?

a)

True

b)

A. False

67.

1. There is an opinion as follows: “Changes in pay rates should be authorized by senior management”. It is T or F in respect of internal controls over payroll?

a)

True

b)

A. False

68.

1. The payroll master file should contain details of the employee’s cumulative statutory deductions (các khoản khấu trừ theo luật định tích lũy của nhân viên) to date.

a)

A. True

b)

A. False

69.

1. Requiring employees to lock in and out of work (hours) helps to ensure that they are paid at the correct rate.

a)

A. True

b)

A. False

70.

1. Reviewing wages paid against wages budgeted helps to ensure that employees are being paid the correct amounts

a)

A. True

b)

False

71.

Re-performance of calculation is unnecessary where the payroll system is computerised

a)

A. True

b)

A. False

72.

1. Leavers and joiners should be authorized by junior staff of human resources department

a)

A. True

b)

A. False

73.

1. The payroll should be checked back to individual employee personnel records on a regular basis.

a)

True

b)

False

74.

1. Reviewing wages paid against budgets and timesheets helps to ensure that employees are only paid for the work that they have done.

a)

A. True

b)

A. False

75.

1. Reviewing(Rà soát) changes to statutory deductions(các khoản khấu trừ theo luật định) help to ensure that changes to the calculation of gross pay are processed correctly.

a)

A. True

b)

A. False

76.

1. Which TWO of the following features in the payroll system of Spoon plc could result in the employee costs figure in the financial statement being misstated?

a)

A. The payroll department receives confirmation of new employees in writing (A. Bộ phận tính lương nhận xác nhận nhân viên mới bằng văn bản)

b)

A. Personnel records are not kept up to date

c)

A. The payroll clerk (nhân viên tính lương ) can amend (Sửa đổi) standing data on the payroll system without authorization of a senior member of staff (Standing data sửa chữa phải được phê chuẩn)

d)

A. Rates of pay are negotiated at the local level, there is no central control (Mức lương được thỏa thuận ở cấp địa phương, không có sự kiểm soát của trung ương)

77.

1. When audit the wages system of Blue Ltd, auditor discovered that no central records (không có hồ sơ) are kept of changes in personnel and pay rates. (được lưu giữ những thay đổi về nhân sự và mức lương). Which ONE of the following risks is most likely to arise from the above deficiency?

a)

The company may pay employees who have left

b)

A. Pay might not be recorded correctly in the general ledger => Khiếm khuyết KSNB

78.

1. When audit the wages system of Green Ltd, auditor discovered that there are no procedures for dealing with non-routine matters (không có thủ tục để giải quyết các vấn đề không thường xuyên). Which ONE of the following risks is most likely to arise from the above deficiency?

a)

A. The company may pay employees who have left

b)

A. Pay might not be recorded correctly in the general ledger => Thanh toán không được ghi nhận đúng trong General leadger (Trường hợp trên kh update -> Có thể trả khi rời đi)

79.

Which ONE of the following types is the general procedure that auditor normally use in test of controls relating to payroll system?

a)

A. Inspection, External confirmation (Test of control) , Observation, Recalculation

b)

A. Inspection, Enquiry, Observation, Re-performance

c)

A. Inspection, Observation, Analytical procedure, Re-performance

d)

A. Inspection, Observation, Recalculation, Re-performance

80.

When audit the wages system of Green Ltd, auditor discovered that details of wages are not regularly checked to the personnel file. Which ONE of the following risks is most likely to arise from the above deficiency?

a)

A. The company may pay employees who have left

b)

Pay might not be recorded correctly in the general ledger

c)

A. Amounts paid to employees might not be reflected in the cash books

81.

Audited entity does not perform the reconciliations of the payroll to timesheets regularly.

a)

A. The company may pay employees who have left

b)

A. The various elements of pay might not be calculated correctly

c)

A. Pay might not be recorded correctly in the general ledger

82.

The auditor of Green Ltd has identified the following deficiencies within the payroll system: “Many employees work overtime but there is no system for authorizing the level of overtime claimed”. Which of the following is the most likely consequence which might arise as a result of that deficiency?

a)

Payroll payments are only made to bone fide employees

b)

A. Total payroll cost are not matched to budgets

c)

Employees may be paid at wrong amount

d)

A. The computerized payroll may contain miscalculations

83.

Which TWO of the following control procedures will reduce the risk of unauthorized disclosure of payroll data?

a)

A. Back-up procedures

b)

A. Access controls

c)

A. Encryption of data

d)

A. Independent review of payroll

84.

Which of the following control procedures will reduce the risk of unauthorized disclosure of payroll data?

a)

A. Back-up procedures

b)

Access controls

c)

A. Exception reporting of high amounts of net pay

d)

A. Independent review of payroll

85.

Which TWO of the following control activities will reduce the risk that the different elements of pay might not be recorded correctly in the payroll?

a)

A. Segregation of duties throughout the payroll department

b)

A. Encryption of data

c)

A. One for one checking of payroll details back to independently maintained personnel records

d)

A. Reconciliation of total pay and deductions between one payday and the next

86.

Which TWO of the following statements are correct relating to tests of controls and substantive procedures?

a)

A. Observing dispatch procedures is a type of substantive procedure

b)

A. Comparing this year’s sale figures to those of previous year is a type of substantive procedure.

c)

A. Examining the instructions issued for a year-end physical inventory count is a type of test of control

87.

Which ONE of the following statements are incorrect relating to tests of controls and substantive procedures?

a)

A. Observing dispatch procedures is a type of substantive procedure

b)

A. Comparing this year’s sale figures to those of previous year is a type of substantive procedure.

c)

A. Examining the instructions issued for a year-end physical inventory count is a type of test of control

88.

Which ONE of the following types is the general procedures that auditor normally use in tests of controls relating to payroll system?

a)

A. Inspection, Enquiry, Observation, Recalculation

b)

A. Inspection, Observation, Analytical procedures, Re-performance

c)

A. Observation, Enquiry, Re-performance, Physical examination

d)

A. Inspection, Enquiry, Observation, Re-performance

89.

Which ONE of the following statements is incorrect relating to tests of controls and substantive procedures?

a)

A. Examining the instructions issued for a year-end physical inventory count is a type of test of control

b)

Sending confirmation letter for trade receivable is a type of substantive procedure

c)

A. Observing dispatch procedures is a type of substantive procedure

d)

A. Comparing this year’s sales figures to those of previous years is a type of substantive procedure

90.

Management should compare cost and NRV for each item of inventory. Which TWO of the following circumstances could result in NRV being lower than cost?

a)

A. An increase in selling price

b)

An increase in the cost of raw materials which cannot be passed on to the customer

c)

A. Errors on production

d)

A. Trade discounts from suppliers

Tổng hợp audit

Total questions: 90

Worksheet time: 52mins

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