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Auditing & Assurance Services 7th Edition by Timothy Louwers Test bank

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the auditor's evaluation of the audited company's internal control.  
D.  the applicable financial reporting framework (i.e., GAAP in the United States).
 
AACSB: Analytic
AICPA: BB Legal
AICPA: FN Research
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 2 Medium
Learning Objective: 01-02 Define and contrast financial statement auditing; attestation; and assurance services.
Source: Original
Topic: Auditing, Attestation, and Assurance Services
 
 
37. Assurance services involve all of the following, except 
 


 
A.  relevance as well as the reliability of information.
 
B.  nonfinancial information as well as traditional financial statements.
 
C.  providing absolute rather than reasonable assurance.
 
D.  electronic databases as well as printed reports.
 
AACSB: Analytic
AICPA: BB Industry
AICPA: FN Research
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 2 Medium
Learning Objective: 01-02 Define and contrast financial statement auditing; attestation; and assurance services.
Source: Original
Topic: Auditing, Attestation, and Assurance Services
 
 
38. Because of the risk of material misstatement, an audit of financial statements in accordance with generally accepted auditing standards should be planned and performed with an attitude of 
 


 
A.  objective judgment.
 
B.  independent integrity.
 
C.  professional skepticism.
 
D.  impartial conservatism.
 

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