(Test Bank)Principles of Auditing and Other Assurance Services 20th Edition TBChap006

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1、Chapter06AuditPlanning,UnderstandingtheClient,AssessingRisks,andResponding  True/FalseQuestions 1.Auditcommitteesshouldbemadeupofthemostqualifieddirectorsregardlessofwhethertheyarepartofmanagementofthecompany.  True    False 2.Analyticalproceduresareseldomusedduringther

2、iskassessmentstageofanauditengagementbecausetheyaresubstantiveprocedures.  True    False 3.Preliminaryarrangementswithclientsshouldbesetforthinthemanagementletter.  True    False 4.Anauditplanincludesadetailedlistingoftheauditprocedurestobeperformedintheverificationofit

3、emsinthefinancialstatements.  True    False 6-76Copyright©2016McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.5.Theauditors'testsofcontrolsaredesignedtosubstantiatethefairnessofspecificfinancialstate

4、mentaccounts.  True    False 6.Atleastaportionoftheauditors'considerationofinternalcontrolusuallyisperformedataninterimdateratherthanatthebalancesheetdate.  True    False 7.Thesubstantiveapproachtoanauditisappropriateformanysmallbusinesses.  True    False 8.Confirmingab

5、ankaccountestablishesexistencebutnotrightstothecashbalance.  True    False 9.Thecompletenessofrecordingofassetsisgenerallyverifiedbytracingfromthesourcedocumentstotherecordedentry.  True    False 10.Vouchingtheacquisitionofassetsisanauditprocedurethatisoftenperformedtoe

6、stablishthevaluationoftheassets.  True    False  MultipleChoiceQuestions 6-76Copyright©2016McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.11.WhichofthefollowingfactorsmostlikelywouldcauseaCPAtonotac

7、ceptanewauditengagement?  A. Theprospectiveclienthasfireditspriorauditor.B. TheCPAlacksathoroughunderstandingoftheprospectiveclient'soperationsandindustry.C. TheCPAisunabletoreviewthepredecessorauditor'sworkingpapersduetoamajorfirethatdestroyedbothhardandsoftcopydocumen

8、tation.D. TheprospectiveclientisunwillingtomakefinancialrecordsavailabletotheCPA. 12.Whichofthefollowingfactor