audit exam #2 - Chapter 6 1 easy a 2 easy c Multiple-Choice Questions 3 easy d 4 easy b 5 easy A 6 easy A 7 easy B 8 easy D 9 hard C 10 easy A 11 Easy C

audit exam #2 - Chapter 6 1 easy a 2 easy c Multiple-Choice...

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Chapter 6Multiple-Choice Questions1.The objective of the ordinary audit of financial statements is the expression of an opinion on: easya.the fairness of the financial statements.ab.the accuracy of the financial statements.c.the accuracy of the annual report.d.the balance sheet and income statement.2.easyIf the auditor believes that the financial statements are not fairly stated or is unable to reach an conclusion because of insufficient evidence, the auditor:3.Auditors accumulate evidence to:4.The responsibility for adopting sound accounting policies and maintaining adequate internal control rests with the:easy5.The auditor’s best defense when material misstatements are not uncovered is to have conducted the audit:easya.in accordance with auditing standards.Ab.as effectively as reasonably possible.c.in a timely manner.d.only after an adequate investigation of the management team.6.easyIf management insists on financial statement disclosures that the auditor finds unacceptable, the auditor can:7.easyIf management insists on financial statement disclosures that the auditor finds unacceptable, the auditor can do all but which of the following?B8.Which of the following is notone of the reasons that auditors provide only reasonableassurance on the financial statements?
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