CHAPTER 1 2 3 FUNDAMENTAL AUDITING
Authored by Chi Giang
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which three of the following constitute possible subject matter which may be evaluated for the purposes of an assurance engagement?
A Data
B Systems or processes
C Corporate governance
D IFRS
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which two of the following describe the roles of the responsible party in any assurance engagement?
A Setting the criteria of the assurance engagement
B Gathering evidence on the subject matter
C Issuing an opinion on the subject matter against the criteria set
D Preparing the subject matter
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of the following describes the assurance provided and conclusion given in a reasonable assurance engagement?
A Absolute and negative
B High and negative
C High and positive
D Low and positive
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which three of the following statements form part of the generally accepted definition of 'fair', in the context of 'a true and fair view'?
A The information is free from discrimination and bias
B The accounts have been correctly extracted from the company's books and records.
C The information complies with generally accepted accounting practice.
D The accounts reflect the commercial substance of the company's underlying transactions.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following is an extract from an independent accountant's unmodified report on a profit forecast:
"Based on our examination of the evidence supporting the assumptions, nothing has come to our attention which causes us to believe that these assumptions do not provide a reasonable basis for the forecast."
Which one of the following best describes the types of wording and of assurance provided by this statement?
A High level of assurance expressed using a negative form of words
B Limited level of assurance expressed using a negative form of words
C Reasonable assurance expressed using a negative form of words
D Negative assurance expressed using a positive form of words
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
A
B
C
D
E
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
A
B
C
D
E
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