Exercise on PSA 210

Exercise on PSA 210

University

30 Qs

quiz-placeholder

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Exercise on PSA 210

Exercise on PSA 210

Assessment

Quiz

Business

University

Medium

Created by

janette dzabalo

Used 1+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the effective date for PSA 210 (Redrafted)?

June 30, 2010

December 15, 2009

March 1, 2007

January 1, 2008

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which paragraph outlines the preconditions for an audit?

Paragraph 6

Paragraph 9

Paragraph 14

Paragraph 18

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What must the auditor obtain from management regarding their responsibilities?

Oral agreement

Email acknowledgment

Written confirmation

Public statement

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the primary objective of the auditor according to PSA 210?

To issue a report

To assess internal controls

To accept or continue an audit engagement

To prepare financial statements

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is NOT included in the audit engagement letter?

The applicable financial reporting framework

The scope of the audit

The auditor's fee structure

The responsibilities of management

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What should the auditor do if management imposes a limitation on the scope of the audit?

Accept the engagement

Proceed with the audit

Ignore the limitation

Withdraw from the engagement

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the term used for the framework that management must use in preparing financial statements?

Compliance Framework

Audit Framework

Financial Reporting Framework

Regulatory Framework

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