Chapter 01
Auditing and Assurance Services
Multiple Choice Questions
Auditing and Assurance Services
Multiple Choice Questions
| 1. | The audit objective that all transactions and accounts that should be presented in the financial statements are in fact included is related to which of the PCAOB assertions?
|
| 2. | Cutoff tests designed to detect purchases made before the end of the year that have been recorded in the subsequent year provide assurance about management's assertion of
|
| 3. | During an audit of an entity's stockholders' equity accounts, the auditor determines whether there are restrictions on retained earnings resulting from loans, agreements or state law. This audit procedure most likely is intended to verify management's assertion of
|
| 4. | The confirmation of an account payable balance selected from the general ledger provides primary evidence regarding which management assertion?
|