Chap 3

Chap 3

University

63 Qs

quiz-placeholder

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Chap 3

Chap 3

Assessment

Quiz

Other

University

Easy

Created by

Đức Anh Trần

Used 9+ times

FREE Resource

63 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first phase of audit planning is risk assessment.

T

F

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the prospective client has previously been audited, auditing standards require that the successor auditor make certain inquiries of the predecessor auditor before accepting the engagement.

T

F

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

With few exceptions, the Code of Professional Conduct does not allow an auditor to disclose confidential client information without the client's consent.

T

F

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the prospective client refuses to allow the predecessor auditor to communicate with the successor auditor, the successor auditor should have reservations about accepting the client.

T

F

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In order to properly preplan the audit, the auditor must determine the engagement team requirements and ensure the independence of the audit team and audit firm.

T

F

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the internal audit function is competent and objective, the auditor may generally rely on the work of an internal audit function in certain areas to reduce the amount of external audit work in these areas.

T

F

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All companies must have an audit committee.

T

F

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