Chapter 3 - Audit 456 Fall 2008 Chapter 3 Quiz 1 a b c d 2...

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Audit 456 - Fall 2008 - Chapter 3 Quiz 1. Auditing standards require that the audit report must be titled and that the title must: a. include the word “independent.” b. indicate if the auditor is a CPA. c. indicate if the auditor is a proprietorship, partnership, or incorporated. d. not include any discriminatory language. 2. The purpose of the introductory paragraph in the standard unqualified report is: a. to identify the entity that was audited. b. to identify the financial statements that were audited and the dates and time periods covered by the report. c. to communicate the responsibilities of management in preparing the financial statements and to clarify the respective roles of management and the auditor. d. all of the above. 3. The scope paragraph of the standard unqualified audit report states that the audit is designed to: a. discover all errors and/or irregularities. b. discover material errors and/or irregularities. c. conform to generally accepted accounting principles. d. obtain reasonable assurance whether the statements are free of material misstatement. 4. Which of the following is not an essential condition for issuing the standard unqualified audit opinion? a. All statements are included in the financial statements. b.
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Chapter 3 - Audit 456 Fall 2008 Chapter 3 Quiz 1 a b c d 2...

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