Quiz M 1 Auditing

Quiz M 1 Auditing - on the fair presentation of financial...

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View Attempt 1 of 1 Title: M01 Started: January 20, 2009 1:34 PM Submitted: January 20, 2009 2:08 PM Time spent: 00:34:16 Total score: 8/10 = 80% Total score adjusted by 0.0 Maximum possible score: 10 1. An auditor would issue an adverse opinion if Student Response Value Correct Answer Feedback a. The audit was begun by other independent auditors who withdrew from the engagement 0% b. A qualified opinion can not be given because the auditor lacks independence 0% c. A material misstatement was present 0% d. The statements taken as a whole do not fairly present the financial condition and 100%
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results of operations of the company Score: 0/1 2. Assurance services include which of the following? Value % Score: 1/1 3. Which of the following best describes the reason why an independent auditor reports on financial statements? Value %
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Score: 1/1 4. Which of the following best describes why an independent auditor is asked to express an opinion
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Unformatted text preview: on the fair presentation of financial statements? Value % Score: 1/1 5. Which of the following best describes the concept of audit risk? Value % Score: 0/1 6. During the initial planning phase of an audit, a CPA most likely would Value % Score: 1/1 7. Assurance, attest and audit services have in common all of the following except that they all Value % Score: 1/1 8. The auditor's report may be addressed to the stockholders of the company whose financial statements are being examined or to that company's Value % Score: 1/1 9. The auditor's report should be dated as of the date on which the Value % Score: 1/1 10. Before accepting an engagement to audit a new client, an auditor is required to Value % Score: 1/1 Done...
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This document was uploaded on 11/26/2010.

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Quiz M 1 Auditing - on the fair presentation of financial...

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