![]() It would not be appropriate for the auditor to initiate discussion with the audit committee concerningĪ. GAAS require the auditor to be independent. Consulting other if additional technical information is needed. Warranting the infallibility of the work performed.ĭ. Possessing the ability to supervise assistantsĬ. Having the technical qualifications to perform an engagementī. Competence as an independent auditor includes all of the following except:Ī. ![]() earn a specialty designation by the AICPA b. receive a positive employment evaluationĭ. An auditor must obtain professional experience primarily to:Ī. They are generally accepted auditing standards d. They are authoritative statements, enforced through the Code of Professional Conduct, and are intended to limit the degree of auditor judgment.ĭ. They are procedural outlines intended to narrow the areas of inconsistency and divergence of auditor opinion.Ĭ. They are guides intended to set forth auditing procedures applicable to a variety of situations.ī. C) Which of the following statements best describes the primary purpose of Statements on Auditing Standards(SASs)?Ī. ![]() B) Which of the following is not a function of the Public Company Accounting Oversight Board?Ī) Conduct inspections of registered public accounting firms.ī) Establish or adopt auditing standards.ĭ) Register public accounting firms that prepare audit reports of publicly traded companies. The Sarbanes-Oxley Act requires that auditors of certain large publicly traded companies in the United States perform an integrated audit that includes providing an audit report on a company's internal control and which of the following?Ī) Financial statements and compliance with laws and regulations.ĭ) Neither financial statements nor compliance with laws and regulations.
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