Quiz 1 - Quiz 1 ACCT 512 Question 1 0 / 0.5 points Which of...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Quiz 1 – ACCT 512 Question 1 0 / 0.5 points Which of the following best describes the conclusions an auditor makes in an integrated audit that results in an audit report that is unqualified? Question options: A) The financial statements are free of material misstatement based on U.S. GAAP and based on the audit, the auditor agrees with management’s report that internal control over financial reporting is effective and does not have any material weaknesses. B) The financial statements are free of material misstatement based on U.S. GAAP and management’s report on internal control over financial reporting states that there are no material weaknesses. C) The financial statements are fair according to GAAP. D) The financial statements are fairly presented and internal control over financial reporting is effective. Quest ion 2 0.5 / 0.5 points Which of the following organizations is considered to be a public company? Question options: A) A firm whose privately held stock is owned exclusively by an individual. B)
Background image of page 1

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

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/22/2012 for the course ACCT 512 taught by Professor Slaymacker during the Spring '12 term at Globe.

Page1 / 3

Quiz 1 - Quiz 1 ACCT 512 Question 1 0 / 0.5 points Which of...

This preview shows document pages 1 - 2. Sign up to view the full document.

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