The responsibility for adopting sound accounting policies and maintaining

The responsibility for adopting sound accounting

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24) The responsibility for adopting sound accounting policies and maintaining adequate internal control rests with the:A) board of directors.B) company management.**C) financial statement auditor.D) company's internal audit department.25) The auditor's best defense when material misstatements are not uncovered is to have conducted the audit:26) Which of the following is not one of the reasons that auditors provide only reasonable assurance on the financial statements?27) When an auditor believes that an illegal act may have occurred, the auditor should first:
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28) Fraudulent financial reporting is most likely to be committed by whom?A) Line employees of the companyB) Outside members of the company's board of directorsC) Company management**D) The company's auditors29) The concept of reasonable assurance indicates that the auditor is:30) The auditor has considerable responsibility for notifying users as to whether or not the statements are properly stated. This imposes upon the auditor a duty to:31) Which of the following statements is usually true?
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  • Spring '10
  • PEKDEMIR
  • Auditing, Ahmetturel, Vizeöncesi, Auditor's report

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