学堂在线The Principle of Auditing 期末考试答案- 西南财经大学

The Principle of Auditing - 西南财经大学 - 学堂在线

1.判断题 (1分)Segregation of duties means that one person cannot assume more than two authorities. ()

正确答案：正确

2.判断题 (1分)Key audit matters are those matters, in auditors' judgments, are of mostsignificance in audit of financial statements.()

正确答案：正确

3.判断题 (1分)Fraud is defined as the failure to use reasonable care in the performance of services. ()

正确答案：正确

4.判断题 (1分)Control risk can be controlled by the auditor. ()

正确答案：错误

5.判断题 (1分)The auditors should obtain facts that might bear on the integrity of management from the predecessor auditor before accepting an audit. ()

正确答案：正确

6.判断题 (1分)The materiality should be used in the whole process of audit. ()

正确答案：正确

7.判断题 (1分)When the client has poor internal control, the auditor does not need to implement tests of control. ()

正确答案：正确

8.多选题 (2分)The sources of CPA liability include ( )

Anegligence

Bbreach of contract

Cstatutory liability

Dfraud

正确答案：A,B,C,D (少选不得分)9.多选题 (2分)In developing an expectation for analytical procedures, the auditors are likely to consider: ()

ARelationships between financial information and relevant information data

BFinancial information for comparable prior periods

CAnticipated costs of audit completion

DRelationships among elements of financial information within a period

正确答案：A,B,D (少选不得分)10.多选题 (2分)Which statement is not correct? ( )

AWhen auditors consider the materiality, they need consider both qualitative respects

BWhen auditors decide the materiality , they will not use their professional judgment

Cthe auditors need to consider materiality only at the beginning of audit

Dthe materiality cannot be changed during the audit

正确答案：B,C,D (少选不得分)11.多选题 (2分)Which of the following should normally be included in the engagement letter for an audit? ( )

AA listing of the client's branch offices selected for testing

BA description of the responsibilities of client personnel to provide assistance

CAn indication of the amount of the audit fee

DA description of the limitations of an audit

正确答案：B,C,D (少选不得分)12.多选题 (2分)Which of the following procedures is less likely to be included near completion of an audit? ()

Aobtaining an understanding of internal control

Bobservation of inventory

Cperforming analytical procedures

Dconfirmation of receivables

正确答案：A,B,D (少选不得分)13.多选题 (2分)Audit procedures for loss contingencies include ( )

AReview the minutes of directors' meetings to the date of completing of field work

BReview correspondence with financial institutions for evidence of accommodation endorsements, guarantees of indebtedness, or sales or assignments of accounts receivable.

CSend confirmation letters to financial institutions to request information on contingent liabilities of the company.

DSend letter of inquiry to client's lawyer.

正确答案：A,B,C,D (少选不得分)14.判断题 (1分)Attestation services include examination, review and agree-upon procedures.()

正确答案：正确

15.多选题 (2分)Which of the following is one type of threat to auditor independence? ()

AUndue Influence

BFinancial self interest

CFamiliarity

DSafeguards implemented by the client

正确答案：A,B,C (少选不得分)16.单选题 (1分)Big data should have characteristics of four "V", which following is not one of four "V" ().

Avolume

Bvalue

Cvariety

Dvelocity

正确答案：B

17.多选题 (2分)Which of the following should be included in an integrated audit report on the financial statements of a public company? ()

AThe report indicates that the auditors have also audited the effectiveness of the company's internal control

BThe report indicates that the financial statements are the responsibility of management

CThe report is singed in the name of the CPA firm

DThe report states that the audit was performed in accordance with AICPA standards

正确答案：A,B (少选不得分)18.多选题 (2分)The elements of quality control include ( )

Amonitoring

Brelevant ethical requirements

Chuman resources

Dacceptance and continuance of client relationships

正确答案：A,B,C,D (少选不得分)19.多选题 (2分)Auditors are periodically punished for holding an investment in a client. This does not violate which ethical rule? ()

AIndependence

BNon-compliance with GAAP

CConfidentiality

DIntegrity

正确答案：B,C,D (少选不得分)20.单选题 (1分)Which material misstatement risk belongs to assertion level risk? ()

Athe material misstatement related to cash

Bthe regulations of government are changed

Cthe attitude of the management

Dthe poor control environment

正确答案：A

21.单选题 (1分)Which of the following is not the factor of control environment? ()

ACommitment to competence

BIntegrity and ethical values

CControl activities

DBoard independence and effective oversight

正确答案：C

22.单选题 (1分)Which of following is not the method to document internal control? ( )

Aflowchart

Bwritten narratives

Cinternal control questionnaire

Dmemorandum

正确答案：D

23.单选题 (1分)A possible loss, stemming from past events that will be resolved as to existence and amounts, is referred as ( ).

Aprobable loss

Banalytical procedures

Closs contingency

Dunasserted claim

正确答案：C

24.单选题 (1分)Which of the following events occurring on January 2021, is most likely to result in an adjusting entry to the 2020 financial statements? ()

APlant closure due to a strike

BSales return

CSettlement of litigation

DA business combination

正确答案：B

25.单选题 (1分)What type or types of audit opinions is appropriate when financial statements are materially misstated but not pervasively misstated? ( )

Aqualified opinion

Badverse opinion

Cunqualified opinion

Ddisclaimer of opinion

正确答案：A

26.单选题 (1分)A material departure from generally accepted accounting principles will result in auditor consideration of ( )

Awhether to issue an adverse opinion rather than a disclaimer of opinion

Bwhether to issue a disclaimer of opinion rather than a qualified opinion

Cwhether to issue a disclaimer of opinion rather than an unmodified opinion

Dwhether to issue a qualified opinion rather than an adverse opinion.

正确答案：D

27.单选题 (1分)Of the following, which is most reliable type of audit evidence?( )

Acopies of sales invoices inspected by the auditors

Bcancelled checks returned in the year-end bank statement directly to the client

Cconfirmations mailed by outsiders to the auditors

Dinternal control manual of client

正确答案：C

28.单选题 (1分)Which statement is correct? ( )

Athe audit evidence should be sufficient and appropriate

Bthe audit evidence should be only sufficient.

Cthe audit evidence should be appropriate or sufficient

Dthe audit evidence should not be appropriate nor sufficient

正确答案：A

29.单选题 (1分)The responsibilities of management do not include ( ).

Acompliance of regulations of companies

Bcompliance with auditing standards

Cpreparing for financial statements

Destablishing effective internal control over financial reporting

正确答案：B

30.单选题 (1分)When auditors understand the client, the risk assessment procedures should not include ( ).

AAnalysis

Binquiry of the management

CConfirmation

Dobservation

正确答案：C

31.单选题 (1分)Analytical procedures are most likely to detect which of following? ()

Aunusual transactions

Bweaknesses of a material nature in internal control

Cnoncompliance with prescribed control activities

Dimproper separation of accounting and other financial duties

正确答案：A

32.单选题 (1分)A primary purpose of the audit working paper is to ( )

AAid the auditors by providing a list of required procedures

BProvide a point of reference for future audit engagements

CSupport the underlying concepts included in preparation of the basic financial statements

Dsupport the auditors' opinion

正确答案：D

33.单选题 (1分)The review of a company's financial statements by a CPA firm ( ).

Arequires detailed analysis of the major accounts.

Bis substantially less in scope of procedures than an audit.

Cculminates in issuance of a report expressing the CPA's opinion as to the fairness of the statements

Dis of similar scope as an audit and adds similar credibility to the statements.

正确答案：B

34.单选题 (1分)Which of following has primary responsibility for the fairness of the representations made in the financial statements? ( )

Aindependent auditor

Bclient's management

CAudit committee

DAICPA

正确答案：B

35.单选题 (1分)Operational audit includes ( )

Aaudits of timeliness, effectiveness, and adequacy

Baudits of efficiency, effectiveness, and reliance

Caudits of efficiency, effectiveness, and adequacy

Daudits of efficiency, effectiveness, and economy

正确答案：D

36.单选题 (1分)The audit of financial statement provide which type of assurance? ( )

Anot reasonable nor absolute

Breasonable assurance

Creasonable and absolute

Dabsolute assurace

正确答案：B

37.单选题 (1分)Which of the following forms of advertising would most likely be considered a violation of the Professional Code? ()

AAdvertising including an indication that the firm has a close relationship with several tax court judges.

BAdvertising including the experience of the firm's professional staff.

CAdvertising including the percentage of the firm's staff that have CPA certificates.

DAdvertising including the types of services offered and the standard fees for the services.

正确答案：A

38.单选题 (1分)which of the following business characteristics is not indicative of high inherent risk? ()

Alarge likely misstatements detected in prior audits.

Bsubstantial turnover of management

Ca large amount of assets

Doperating results that are highly sensitive to economics factors

正确答案：C