Course Hero Logo

Question 31 1 1 pts certain fundamental beliefs

This preview shows page 17 - 21 out of 30 pages.

Question 311 / 1 ptsCertain fundamental beliefs called "postulates" underlie auditing theory. Which of thefollowing is not a postulate of auditing?No long-term conflict exists between the auditor and the management of the enterpriseunder audit.Economic assertions can be verifiedThe auditor acts exclusively as an auditor.Correct!
An audit has a benefit only to the owners.Question 321 / 1 ptsThe expertise that distinguishes auditors from accountants is in the
Correct!
Question 331 / 1 ptsAny services in which the CPA firm issues a written communication that express aconclusion with respect to the reliability of a written assertion that is the responsibility ofanother party is a (n)Correct!
Question 341 / 1 pts
A review of any part of an organization’s procedures and methods for the purpose ofevaluating efficiency and effectiveness is classified as a (n)Correct!
Question 351 / 1 ptsThe primary goal of the CPA in performing the attest function is toDetect fraudExamine individual transactions so that the auditor may certify as to their validityDetermine whether the client's assertions are fairly statedCorrect!
Assure the consistent application of correct accounting proceduresQuestion 361 / 1 pts
Correct!

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 30 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Fall
Professor
N/A
Tags
Financial audit, Certified Public Accountant

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture