Quiz B 2 Auditing

Quiz B 2 Auditing - Value Score 1/1 5 What distinguishes...

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View Attempt 1 of 1 Title: M02B Started: April 20, 2009 4:18 PM Submitted: April 20, 2009 5:15 PM Time spent: 00:56:55 Total score: 8/10 = 80% Total score adjusted by 0.0 Maximum possible score: 10 1. The Statements on Auditing Standards can be described as Student Response Value Correct Answer Feedback a. Providing very specific guidance about the specific activities an auditor must perform on each engagement 0% b. Similar to financial accounting standards in that they are developed by an independent standard-setting body 0% c. Defining the minimum standards of performance for an auditor 100%
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d. Providing assurance that an auditor will not issue an incorrect opinion 0% Score: 1/1 2. A typical objective of an operational audit is for the auditor to Value % Score: 1/1 3. An "in-charge" auditor is essentially the same as a(n) Value %
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Score: 1/1 4. Who is responsible for setting auditing standards for audits of publicly-traded companies?
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Unformatted text preview: Value % Score: 1/1 5. What distinguishes financial forecasts from financial projections? Value % Score: 1/1 6. The primary responsibility for the adequacy of disclosures in the financial statements of a publicly held company rests with the Value % Score: 1/1 7. Which of the following best describes what is meant by generally accepted auditing standards? Value % Score: 0/1 8. Which of the following best describes the reference to the expression "taken as a whole" in the fourth standard of reporting? Value % Score: 0/1 9. What best describes the concept of risk assessment on which auditors can provide assurance? Value % Score: 1/1 10. Which audit assertion ensures that all recorded sales are valid? Value % Score: 1/1 Done...
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This document was uploaded on 11/26/2010.

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Quiz B 2 Auditing - Value Score 1/1 5 What distinguishes...

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