Quiz#1 - Subject: Introduction to Audit Date: Quiz # 1...

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Subject: Introduction to Audit Quiz # 1 Date: Student: 1. What are the major differences in the scope of the audit responsibilities for CPAs, GAO auditors, IRS agents, and internal auditors? 2. What are the differences and similarities in audits of financial statements, compliance audits, and operational audits?
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Choose the best response: 3. Independent auditing can best be described as (1) a branch of accounting. (2) a discipline that attests to the results of accounting and other functional operations and data. (3) a professional activity that measures and communicates financial and business data. (4) a regulatory function that prevents the issuance of improper financial information .
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4. Which of the following professional services would be considered an attestation engagement? (1) A consulting service engagement to provide computer processing advice to a client. (2) An engagement to report on statutory requirements. (3) An income tax engagement to prepare federal and state tax returns.
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This note was uploaded on 04/03/2011 for the course AUDIT 1 taught by Professor Rcxiladze during the Spring '11 term at Georgian.

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Quiz#1 - Subject: Introduction to Audit Date: Quiz # 1...

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