Occurrence and rights and
Account-related information as described in t
footnotes exists and represents the rights and
obligations of the company
The six core ethical values described by the Josephson Institute are:
There are many other potential sources of ethical values, including laws and regulations,
a . When considering internal control, an auditor must be aware of the concept of
reasonable assurance, which recognizes that the
(3) cost of internal control should not exceed the benefits expected to be derived
b . Which of the followin
13-22 (Objectives 13-1, 13-5, 13-7)
The following questions concern types of audit tests.
Choose the best response.
a . The auditor looks for an indication on duplicate sales invoices to see whether the
accuracy of invoices has been verified. This is an e
Auditors reports are important to users of financial statements because they inform users
of the auditors opinion as to whether or not the statements are fairly stated or whether no
conclusion can be made with regard to the fairness of their presentat
8-25 (Objectives 8-1, 8-3) The following questions concern the planning of the
Select the best response.
a . Which of the following is an effective audit planning procedure that helps prevent
misunderstandings and inefficient use of audit pers
The following questions concern persuasiveness of evidence. Choose the
a . Which of the following types of documentary evidence should the auditor
consider to be the most reliable?
(2) Confirmation of an account payable balance mailed
Attestation services are a type of assurance service, which is an independent profession service that
improves the quality of information. Consumer Reports, the Better Business Bureau (BBB) or CPAs are
examples of as