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Authored by Rica AUSTRIA
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25 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Let's start easy....
Complete the lyrics: Risky risky wiggy ______
This is an emergency
Help me Help me
somebody stop me
'cause I know I can't stop me
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Totoo na 'to
What kind of threats are created by virtue of a close business relationship with assurance clients?
Self-interest threat
Self-interest and intimidation threat
self-interest and self-review threat
Familiarity threat
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If the valuation services involves the valuation of matters material to the financial statements and the valuation involves a significant degree of subjectivity, the self-review created .... (choose the incorrect one)
Could not be reduced to an acceptable level by the application of any safeguard
Could be reduced to an acceptable level by the application of safeguards
Such valuation services should not be provided
The assurance team should withdraw from the audit engagement, if the team opted to perform the valuation services.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The provision of services by a firm or network firm to an audit client that involve the design and implementation of financial information technology systems that are used to generate information forming part of a client's financial statements may most likely create
Self-review threat
Self-interest threat
Intimidation threat
Familiarity threat
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The recruitment of senior management for an assurance client, such as those in a position to affect the subject of the assurance engagement may least likely create
Familiarity threat
Intimidation threat
Self-interest threat
Advocacy threat
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Ice breaker!!!
BTS' first concert in the Philippines was held on what year?
2015
2014
2013
2016
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
One of the major parts of audit planning is pre-planning. Which of the following is NOT involved during the pre-planning phase?
Obtaining an engagement letter
Deciding whether to accept or continue this client
Selecting staff for the engagement
Obtaining information about client's legal obligations
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