Đang tải... (xem toàn văn)
UEH Trắc nghiệm kiểm toán căn bản. Đợt rồi mình học thi trong này trúng khá nhiều. Môn này học cần luyện tập làm trắc nghiệm nhiều trước. Đề thi khá sát với những gì được học và ôn qua các file trắc nghiệm mình đăng tải.
TỔNG HỢP KTCB Ae cần lens đến chỗ Test 1, 2, ENG (10 trang 40 câu đc ùi nha) Cịn từ chỗ “Đề kì xu được” trở xuống e gom file lại ak :> TN KTCB (ENG) Link ảnh cần gg lens (cho ae chưa lens) : https://docs.google.com/document/d/1z7nvfOlfcxcbN36iZGd7aeXE-wTJZulLDhhs7C nTjcA/edit Link docs gg lens (1 phần) https://docs.google.com/document/d/1Ti7rr_OpfxmDs6GrrfKX8uHc9r3o1fZpMw5b YnD6PNM/edit Các ae chịu khó copy phần từ bên link docs lens dán qua + giải Mành: trang 3+ The sequence of steps that the auditor considers internal control in a financial report audit is as follows a Make a preliminary assessment of control risk, obtain and understanding, perform tests of control, design substantive procedures b Obtain an understanding, make a preliminary assessment of control risk, perform tests of control, design substantive procedures c Obtain an understanding, design substantive test, perform tests of control, make a preliminary assessment of control risk d Design substantive tests, obtain an understanding, perform tests of control, make a preliminary assessment of control risk When an auditor reviews the aging report accounts receivable to check whether receivables that have become uncollectible have been provided for What is a relevant financial statement assertion? a Rights and obligations b Completeness c Valuation and allocation d Existence The nature of a financial statement audit is to: a detect fraud b assure the consistent application of correct accounting procedures c determine whether the client's financial statements are fairly stated d examine individual transactions so that the auditor may certify as to their validity Which of the following audit procedures is conducted to satisfy the existence of inventories? a Observing physical counts of the inventories by an independent auditor at the time of counting.(hong lắm) b Obtaining an adequate understanding of the client's physical observation of Inventory c None of them is correct d Inspecting the purchasing documents and good receipt notes, trace each purchasing document to a transaction recorded in the purchases journal Tu hú: trang 1+2 Câu Hỏi 12: An audit of financial statements is conducted to determine whether the a organisation is operating efficiently and effectively (loại) b auditee is following specific procedures or rules set down by a peer group authority.(loại) c overall financial statements are stated in accordance with specified criteria d none of the above audit procedures is conducted to satisfy the existence of inventories Câu hỏi 11: During an audit engagement, the auditor determines that the client engages in several material transactions with entities owned by family members of several of the client's senior executives Which of the following risk components in assessed as high? a inherent risk b sampling risk c detection risk d control risk Câu hỏi 3: Fill the blanks in this sentence: … the audit risk, the materiality and … the audit evidence a Lower, Lower, Higher b Lower, Higher, Lower (maybe cau k chac lam : Câu nhé, đệ tử sure b The sampling techniques that the auditor used c The objectivity of the auditor gathering the evidence d The risk of material misstatements and the quality of audit evidence B It concentrates on implementing financial and accounting control in a newly organized company C It attempts and is designed to verify the fair presentation of a company's results of operations D It concentrates on seeking aspects of operations in which waste could be reduced by the introduction of controls Which of the following professional service is an assurance service? A A consulting service engagement to provide computer-processing advice to a client B An engagement to report on compliance with statutory requirements C An income tax engagement to prepare tax returns D The compilation of financial statements from a client’s financial records Which of the following attributes is likely to be unique to the audit work of CPAs as compared to the work performed by practitioners of other professions? A Due professional care B Competence C Independence D Specialized expertise Main purpose of an operational audit is to produce A a means of assurance that internal accounting controls are functioning as planned B a measure of management performance in meeting organizational goals C the results of internal examinations of financial and accounting matters to a company's top-level management D aid to the independent auditor, who is conducting the audit of the financial statements In comparison to the independent auditor, an internal auditor is more likely to be concerned with A Revenues recognition procedures B Cost accounting procedures C Operational auditing D Internal controls Compliance auditing is more likely concerned with A Fair presentation B Measurement C Adherence to specific rules or procedures D Internal controls to specific rules or procedures D Internal controls Arrange the following parts to reflect the definition of auditing (1) Information and established criteria (2) Accumulating and evaluating evidence (3) Competent and independent person (4) Reporting results A (1)-(2)-(3) - (4) B (4)-(3)-(2)-(1) C (2)-(3)-(4)-(1) D (2)-(1)-(4)-(3) Which one is best described regarding to independent auditing? A a branch of accounting B a professional activity that measures and communicates financial and business data C a regulatory function that prevents thassuance of improper financial information D a discipline that attests to the results of accounting and other functional operations and data Chương 2: The independent audit is important to users of financial statements because it A determines the future stewardship of the management of the company whose financial statements are audited B measures and communicates financial and business data included in financial statements C involves the objective examination of and reporting on management-prepared statements D reports on the accuracy of all information in the financial statements What is the meaning of auditing standard that requires the auditor be independent? A The auditor must adopt a critical attitude during the audit B The auditor's sole obligation is to third parties C The auditor may have a direct ownership interest in the client's business if it is not material D The auditor must be without bias with respect to the client under audit An auditor strives to achieve independence in appearance to A become independent in fact B comply with the auditing standards of field work C maintain an unbiased mental attitude D maintain public belief in the profession Who paid the audit fees to CPA firm? A The public B The professional bodies C The governmental bodies D The audit client (company that has financial statements being audited) Independent auditors have obligations to serve A The owners of their client B Client's interest at the highest C The creditors of their client D The public interest Chương 3: Actions, policies, and procedures that reflect the overall attitude of management, directors and owners of the entity about internal control relate to which of the following internal control components? A Risk assessment B Information and communication C Monitoring D Control environment When considering internal control, an auditor must be aware of the concept of reasonable assurance, which recognizes that the A Employment of competent personnel provides assurance that management's control objectives will be achieved B Establishment and maintenance of internal control is an important responsibility of management and not of the auditor C Cost of internal control should not exceed the benefits expected to be derived therefrom D Separation of incompatible functions is necessary to ascertain that the internal control is effective Vendor account reconciliations are performed by three clerks in the accounts payable department on Friday of each week The accounts payable supervisor reviews the completed reconciliations the following Monday to ensure they have been completed The work performed by the supervisor is an example of which COSO component? A Control activities B Risk assessment C Information and communication D Monitoring When a nonpublic company auditor's tests of controls identify deficiencies in internal control over financial reporting, the auditor A must communicate to management all deficiencies identified B may communicate orally or in writing to the board all significant deficiencies and material weaknesses identified C must issue an adverse opinion on the financial statements D must communicate both significant deficiencies and material weaknesses to those charged with governance An auditor uses assessed control risk to A evaluate the effectiveness of the entity's internal controls B identify transactions and account balances where inherent risk is at the maximum C indicate whether materiality thresholds for planning and evaluation purposes are sufficiently high D determine the acceptable level of detection risk for financial statement assertions What is the independent auditor's principal purpose for obtaining an understanding of internal control and assessing control risk in a financial statement audit? A To comply with generally accepted accounting principles B To obtain a measure of assurance of management's efficiency C To maintain a state of independence in mental attitude during the audit D To determine the nature, timing, and extent of subsequent audit work Which of the following statements about tests of controls is incorrect? Tests of controls A provide persuasive evidence that a material misstatement exists when the auditor determines that the control is not being consistently applied B are often based on the same types of audit techniques used to gain an understanding of internal controls, except the extent of testing is generally greater when testing controls C allow a reduction in the extent of substantive testing, as long as the results of the tests of controls are equal to or better than what the auditor expects D must be done in every audit of a public company's financial statements A material weakness in internal control represents a control deficiency that A More than remotely adversely affects a company's ability to initiate, authorize, record, process, or report external financial statements reliably B Results in a reasonable possibility that internal control will not prevent or detect material financial statement misstatements C Exists because a necessary control is missing or not properly designed D Reduces the efficiency and effectiveness of the entity's operations Chương Some account balances require complex calculations, such as those for pensions and leases The susceptibility to material misstatements in these types of accounts is defined as A audit risk B detection risk C sampling risk D inherent risk Inherent risk and control risk are different from planned detection risk in that they A arise from the misapplication of auditing procedures B may be assessed in either quantitative or nonquantitative terms C exist independently of the financial statement audit D are not regulated in auditing standards Chương The opinion paragraph of a CPA's report states: "In our opinion, except for the effects of not capitalizing 200 million VND of lease obligations, as discussed in the preceding paragraph, the financial statements present fairly," in all material respects, This paragraph expresses a(an) A Unqualified opinion B Unqualified opinion with Emphasis of Matter paragraph C Qualified opinion D Adverse opinion When the financial statements are fairly stated but the auditor concludes there is substantial doubt whether the client can continue in existence, the auditor should issue a(an) A adverse opinion B qualified opinion only C unqualified opinion D unqualified opinion with Emphasis of Matter paragraph Auditor concludes that misstatements either are or could be material but not pervasive to the financial statements This can lead to A An adverse opinion B A qualified opinion C A disclaimer of opinion D An unqualified opinion Under which of the following circumstances would a disclaimer of opinion not be appropriate? A The auditor is unable to determine the amounts associated with an employee fraud scheme B Management does not provide reasonable justification for a change in accounting principles C The client refuses the auditor permission to confirm certain accounts receivable or apply alternative procedures to verify their balances D The chief executive officer is unwilling to sign the management representation letter A company has just bought a new fixed asset and decided to apply the declining-balance method of depreciation for this asset This is a change from the straight-line method that has been applied during the last years This change has no material effect on the current year's financial statements but is reasonably certain to have a substantial effect in later years If the change is disclosed in the notes to the financial statements, the auditor should issue a report with a(n) A qualified opinion B unqualified opinion with Emphasis of Matter paragraph C unqualified opinion D qualified opinion with Emphasis of Matter paragraph — CHAPTER 1 Broadly defined, the subject matter of any audit consist of a Financial statements b Economic data c Assertions d Operating data An audit of financial statements is conducted to determine if the a Organization is operating efficiency and effectively b Auditee is following specific procedures or rules set down by some higher authority c Overall financial statement statements are stated in accordance with the applicable financial reporting framework d Client’s internal control is functioning as intended Most of the independent auditor’s work in formulating an opinion on financial statement consist of a Studying and evaluating internal control b Obtaining and examining evidential matter c Examining cash transaction d Comparing recorded accountability with assets In financial statement audits, the audit process should be conducted in accordance with a The audit program b Philippine standard on auditing c Philippine accounting standards d Philippine Financial Reporting Standards Which of the following best describe the operational audit? a It requires the constant review by internal auditors of the administrative controls as they relate to operations of the company b It concentrates on implementing financial and accounting control in a newly organized company c In attempts and is designed to verify the fair presentation of a company’s results of operations d It concentrates on seeking out aspects of operations in which waste would be reduced by the introduction of controls The auditor communicates the results of his or her work through the medium if the a Engagement letter b Audit report c Management letter d Financial statement Which of the following types of auditing is performed most commonly by CPA’s on a contractual basis? a Internal Auditing b Income tax auditing c Government auditing d External auditing Independent auditing can best be describe as a a Professional activity that measures and communicates financial accounting data b subset accounting c Professional activity that attest to the fair presentation of financial statement d Regulatory activity that prevents the issuance of improper financial information Which of the following statements is not a distinction between independent auditors and internal auditors? a Independent auditors represent third party users external to the auditee entity, whereas internal auditors report directly to management b Although independent auditors strive for both validity and relevance of evidence, internal auditors are concerned almost exclusively with validity c Internal auditors are employees of the auditee, whereas independent auditors are independent contractors d The internal auditor’s span of coverage goes beyond financial auditing to encompass operational and performance auditing 10.Which of the following has the primary responsibility for the fairness of the representations made in the financial statements? a Client’s management b Audit Committee c Independent auditor d Board of Accountancy 11.An audit of the financial statements of KIA Corporation is being conducted by an external auditor The external auditor is expected to a express an opinion as to the fairness of KIA’s financial statements b express an opinion as to the attractiveness of KIA for investment purposes c certify the correctness of KIA’s Financial Statements d examine all evidence supporting KIA’s financial statements 12.Which of the following statements about independent financial statements audit is correct? a The audit of financial statements relieves management of its responsibilities for the financial statement b An audit is designed to provide limited assurance that the financial statements taken as a whole are free from material misstatement c The procedures required to conduct an audit in accordance with PSAs should be determined by the client who engaged the services of the auditor d The auditor’s opinion is not an assurance as to the future viability of the entity as well as the effectiveness and efficiency with which management has conducted the affairs of the entity 13.The reason an independent auditor gathers evidence is to a Form an opinion on the financial statements b Detect fraud c Evaluate management d Evaluate internal controls 14.An attitude that includes a questioning mind and critical assessment of audit evidence is referred to as a Due professional care b Professional skepticism c Reasonable assurance d Supervision 15.Jack has been retained as auditor of EVC Company The function of Jack’s opinion on financial statements of EVC Company is to a Improve financial decisions of company management b Lend Credibility to management’s representation c Detect fraud and abuse in management operations d Serve requirements of BIR, SEC, or Central Bank 16.Which of the following is not one of the limitations of an audit? a The use of testing b Limitations imposed by client c Human error d Nature of evidence that the auditor obtains 17.Which of the following statements does not properly describe a limitation of an audit? a Many audit conclusions are made on the basis of examining a sample of evidence b Some evidence supporting peso representation in the financial statement must be obtained by oral or written representation of management c Fatigue can cause auditors to overlook pertinent evidence d Many financial statement assertions cannot be audited 18.Which of the following is not one of the general principles governing the audit of financial statements? a The auditor should plan and perform the audit with an attitude of professional skepticism b The auditor should obtain sufficient appropriate evidence primarily through inquiry and analytical procedure to be able to draw reasonable conclusions c The auditor should conduct the audit in accordance with PSA d The auditor should comply with the Philippine Code of Professional Ethics AUDITING THEORY MCQ BY SALOSAGCOL 19.Which of the following statements does not describe a condition that creates a demand for auditing? a Conflict between an information preparer and a user can result in biased information b Information can have substantial economic consequence for a decisionmaker c Expertise is often required for information preparation and verification d Users can directly assess the quality of information 20.Which of the following statements does not properly describe an element of theoretical framework of auditing? a The data to be audited can be verified b Short-term conflicts may exist between mangers who prepare the data and auditors who examine the data c Auditors act on behalf of the management d An audit benefits the public 14.Independence is required whenever a professional accountant performs: a Professional services b Assurance services c Non-assurance services d Tax consultancy services 15.It refers to the avoidance of facts and circumstances that are so significant that a reasonable and informed third party, having knowledge of all relevant information, including safeguards applied, would reasonably conclude a firm’s or a member of the assurance team’s integrity, objectivity or professional scepticism had been compromised a Independence in fact b Independence in appearance c Independence in mind d Inherent independence 16.This occurs as a result of the financial or other interests of a professional accountant or of an immediate or close family member a Self-interest threat b Self-review threat c Advocacy threat d Familiarity threat 17.Acting for an audit client in the resolution of a dispute or litigation would most likely create a Self-interest threat b Intimidation threat c Advocacy threat d Familiarity threat 18.The preparation of accounting records of financial statements for an audit client will most likely create a Self-interest threat b Self-review threat c Intimidation threat d Familiarity threat 19.Accepting gift or undue hospitality from an assurance client would create most likely create a Familiarity threat b Self-review threat c Advocacy threat d Intimidation threat 19.Which of the following sampling plans would be designed to estimate a numerical measurement of a population such as peso value? a Numerical sampling b Sampling attributes c Discovery sampling d Sampling for variables 20.Statistical samples not allow a A more efficient samples b Measurement of sample reliability c Replacement of the auditor’s professional judgment d Measurement of sample risk