Chapter 6 Quiz Key - Chapter 6 Quiz Name 1 a b c d 2 a b c...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 6 Quiz Name: 1. The objective of the ordinary audit of financial statements is the expression of an opinion on: a. the fairness of the financial statements. b. the accuracy of the financial statements. c. the accuracy of the annual report. d. the balance sheet and income statement. 2. If management insists on financial statement disclosures that the auditor finds unacceptable, the auditor can: a. issue an adverse audit report. b. issue a qualified audit report. c. withdraw from the engagement. d. choose any of these three courses of action. 3. Which of the following is not one of the reasons that auditors provide only reasonable assurance on the financial statements? a. The auditor commonly examines a sample, rather than the entire population of transactions. b. Accounting presentations contain complex estimates which involve uncertainty. c. Fraudulently prepared financial statements are often difficult to detect. d. Auditors believe that reasonable assurance is sufficient in the vast majority of cases. 4.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 3

Chapter 6 Quiz Key - Chapter 6 Quiz Name 1 a b c d 2 a b c...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online