Professional Documents
Culture Documents
https://testbankfan.com/download/auditing-and-assurance-services-a-systematic-appr
oach-10th-edition-messier-test-bank/
Chapter 02
1. A series of business and related auditing failures led to the passage of the Sarbanes-Oxley Act
(2002).
True False
2. The primary audit context with which an auditor is concerned is the auditee's industry or business.
True False
True False
4. A financial statement audit is generally organized based on the five basic business processes or
cycles.
True False
True False
6. The IAASB and the ASB collaborated on a replacement for the 10 GAAS standards which include
principles underlying an audit conducted in accordance with generally accepted auditing standards.
True False
2-1
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill
Education.
True False
True False
9. Generally, the financial statements of U.S. companies must be prepared based on GAAP.
True False
10. PCAOB auditing standards must be followed on all audits of public companies' financial statements.
True False
A. Members of management.
B. A subcommittee of the AICPA who establish the SAS.
C. Members of the Board of Directors.
D. Appointed government overseers.
2-2
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill
Education.
12. What organization is responsible for setting auditing standards for audits of publicly-traded
companies in the U.S.?
A. AICPA.
B. FASB.
C. GASB.
D. PCAOB.
A. Conduct the final review of auditors' work before the auditor's opinion is issued.
B. Oversee the auditors of public companies in order to protect the interests of investors.
C. Conduct audits of governmental entities.
D. Sanction auditors who fail to follow GAAS.
14. The authoritative body designed to promulgate standards concerning a CPA's association with
audited financial statements of an entity that is required to file financial statements with the SEC is
the
A. The lack of independence does not influence his or her professional judgment.
B. Both parties agree that the independence issue is not a problem.
C. The lack of independence is insignificant.
D. None of the above—the auditor cannot lack independence.
2-3
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill
Education.
Another random document with
no related content on Scribd:
The Project Gutenberg eBook of Mustapukuinen
mies
This ebook is for the use of anyone anywhere in the United States
and most other parts of the world at no cost and with almost no
restrictions whatsoever. You may copy it, give it away or re-use it
under the terms of the Project Gutenberg License included with this
ebook or online at www.gutenberg.org. If you are not located in the
United States, you will have to check the laws of the country where
you are located before using this eBook.
Language: Finnish
Historiallinen romaani
Kirj.
STANLEY J. WEYMAN
V. Hämeen-Anttila
SISÄLLYS:
I. Fécampin markkinat.
II. Solomon Notredame.
III. Mies ja vaimo.
IV. Kaksiovinen talo.
V. Ylempi holviovi.
Vi. Kiinnytysjauhe.
Vii. Klytemnestra.
VIII. Kainin merkki.
IX. Oikeuden edessä.
X. Kaksi todistajaa.
I.
Fécampin markkinat.
"En."
"Minä."
Solomon Notredame.
"Jos olisit irralla, niin mahtuisitko tästä ikkunasta?" kysyi mies. Hän
supatti hyvin hillitysti, mutta hänen olisi sallinut huutaakin viereisen
piltuun rähinä, puhumattakaan rumasta renkutuksesta, jota hoilattiin
toisessa päässä tallia. "Niinkö? Ota sitte tämä viila. Hivuta viidettä
rengasta, joka jo on kulunut enemmän kuin puolitiehen. Ymmärrätkö,
poika?"
"Kyllä, kyllä", vastasi Jehan taas, hapuillen oljista työkalua, joka oli
pudonnut hänen jalkoihinsa. "Tiedän."
"Ei."