Quiz 6 - Question 1 0.5 0.5 points Planning is a continuous...

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

View Full Document Right Arrow Icon
Question 1 0.5 / 0.5 points Planning is a continuous process that must occur throughout the audit engagement because Question options: disconfirming information is likely to arise. the audit committee is likely to point out flaws in the original audit plan. all information affecting the audit occurs concurrently. auditor skill levels are continuously fluctuating. Question 2 0.5 / 0.5 points Which of the following is not a consideration for an auditor while "scaling" the audit? Question options: 1) The client company has multiple locations throughout the region. 2) Another firm is responsible for auditing one of the client's out-of-town subsidiaries. 3) An outside service provider prepares all of the client company's payroll accounting records. 4) The client company plans to hire and develop employees so that it can prepare its payroll accounting records in-house within the next two years. Questi on 3 0.5 / 0.5 points Deliverables refers to the Question options: 1) timing of the auditor's acceptance of the client company. 2) products and services as contracted in the engagement letter. 3) degree of correlation between the audit work to the specific characteristics of the client. 4) auditor's experience in the client's industry. Questi on 4 0.5 / 0.5 points The scope of the engagement depends upon all of the following considerations except the Question options: 1) presentation of the client's accounting information. 2) use and importance of IT to the client's activities and ICFR. 3) ability to use audit evidence performed by the client's internal auditors. 4)
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 / 5

Quiz 6 - Question 1 0.5 0.5 points Planning is a continuous...

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