Quiz M 2 Auditing

Quiz M 2 Auditing - statements are presented in accordance...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
View Attempt 1 of 1 Title: M02 Started: January 26, 2009 12:29 PM Submitted: January 26, 2009 1:23 PM Time spent: 00:53:45 Total score: 8/10 = 80% Total score adjusted by 0.0 Maximum possible score: 10 1. A typical objective of an operational audit is for the auditor to Student Response Value Correct Answer Feedback a. Determine whether the financial statements present fairly the entity's operations 0% b. Evaluate the feasibility of attaining the entity's operational objectives 0% c. Make recommendations for improving performance 100% d. Report on the entity's relative success in attaining profit 0%
Background image of page 1

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

View Full DocumentRight Arrow Icon
maximization Score: 1/1 2. Typically, an external auditor first gets supervisory experience at what level of authority? Value % Score: 1/1 3. The first standard of reporting requires that, "the report shall state whether the financial
Background image of page 2
Background image of page 3

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

View Full DocumentRight Arrow Icon
Background image of page 4
Background image of page 5

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

View Full DocumentRight Arrow Icon
Background image of page 6
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: statements are presented in accordance with generally accepted accounting principles." This passage should be construed to require Value % Score: 1/1 4. A CPA is most likely to refer to one or more of the three general auditing standards in determining Value % Score: 1/1 5. The largest public accounting firms typically are structured as Value % Score: 1/1 6. Which is not an attribute of an external auditor? Value % Score: 0/1 7. Which of the following is NOT a requirement of the Sarbanes-Oxley Act? Value % Score: 1/1 8. The Statements on Auditing Standards can be described as Value % Score: 1/1 9. The objective of the consistency standard is to provide assurance that Value % Score: 1/1 10. Due professional care requires Value % Score: 0/1 Done...
View Full Document

This document was uploaded on 11/26/2010.

Page1 / 6

Quiz M 2 Auditing - statements are presented in accordance...

This preview shows document pages 1 - 6. Sign up to view the full document.

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