Auditing and Assurance Services in Australia 6Th Edition Louwers Test Bank Full Chapter PDF

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Chapter 07 Testbank
Student: ___________________________________________________________________________
1 Assessing control risk at less than high involves all of the following except:
.
A. identifying specific controls to rely on.
B. concluding that controls are ineffective.
C. performing tests of controls.
D. analysing the achieved level of control risk after performing tests of controls.
2. Obtaining an understanding of the internal control and assessing control risk:
A. may be performed concurrently in an audit.
B. needs to be documented only if the assessed level of control risk is less than high.
C. is possible but not necessary in performing an audit.
D. are necessarily sequential audit steps.
3. The conclusion reached as a result of assessing control risk is referred to as the:
A. assurance provided by internal control.

B. determined level of acceptable detection risk.
C. product of the understanding of internal control.
D. assessed level of control risk.
4. An auditor assesses the level of control risk to:
A. determine whether the entity is a going concern.
B.
determine the extent of substantive tests to be performed.
C. ascertain whether irregularities are probable.
D.
ascertain whether any employees have incompatible duties.
5. How does the extent of substantive tests required to constitute sufficient appropriate audit evidence vary with the auditor’s assessment of co
A.
Randomly.
B.
Disproportionately.
C.
Directly.
D.
Inversely.
6. The ultimate purpose of assessing control risk is to contribute to the auditor’s evaluation of the:
A.
factors that raise doubts about the auditability of the financial report.
B.
operating effectiveness of internal control policies and procedures.
C.
risk that material misstatements exist in the financial report.
D.
possibility that the nature and extent of substantive tests may be reduced.
7. Assessing control risk at less than high would most likely involve:
A. changing the timing of substantive tests by omitting interim testing and performing the tests at year-end.
B. identifying specific internal controls relevant to specific assertions.
C. performing more extensive substantive tests with larger sample sizes than originally planned.
D. reducing inherent risk for most of the assertions relevant to significant account balances.
8. A primary purpose of internal controls is to:
A. form a basis for evaluating employees.
B. monitor production quality.
C. avoid clerical errors.
D. meet objectives of maintaining sound documents and records and accurate financial reporting.
9.
When obtaining an understanding of the entity and its environment, the auditor should obtain an understanding of
internal controls primarily to:
A. assess the risk of material misstatement and plan the audit.

B. provide suggestions for improvement to the client.
C. serve as a basis for setting audit risk and materiality.
D. comply with the Corporations Act 2001.
10. Which of the following would be least likely to suggest to an auditor that the client’s management may have overridden the internal control?
A. Differences are always disclosed on a computer exception report.
B. Management does not correct internal control deficiencies that it knows about.
C.
There have been two new financial controllers this year.
D.
There are numerous delays in preparing timely internal financial reports.
11. In assessing control risk, the auditor is basically concerned that the system provides reasonable assurance that:
A.
controls have not been circumvented by collusion.
B.
misstatements have been prevented or detected.
C.
operational efficiency has been achieved in accordance with management plans.
D.
management cannot override the system.
12. Of the following statements about an internal control, which one is not valid?
A.
No one person should be responsible for the custodial responsibility and the recording responsibility for an asset.
B.
Transactions must be properly authorised before such transactions are processed.
C.
Because of the cost–benefit relationship, a client may apply control procedures on a test basis.
D.
Control procedures reasonably ensure that collusion among employees cannot occur.
13.
Which of the following statements about internal control is correct?
A.
The establishment and maintenance of internal control is an important responsibility of the internal auditor.
B.
Properly maintained internal control reasonably ensures that collusion among employees cannot occur.
C.
The cost–benefit relationship is a primary criterion that should be considered in designing internal control.
D.
Exceptionally strong internal control is enough for the auditor to eliminate substantive tests on a significant
account balance.
14.
Which of the following statements is one of the overriding principles of internal control?
A.
Responsibility for accounting and financial duties should be assigned to one responsible officer.
B.
Responsibility for the performance of each duty must be fixed.
C.
Responsibility for the accounting duties must be borne by the audit committee of the company.
D.
All of the options listed here are correct
15.
Virginia Samuels, the purchasing officer of Handyman Wholesalers Pty Ltd (Handyman), has a relative who owns a
retail hardware store. Virginia arranged for hardware to be delivered by manufacturers to the retail store on a COD
basis, thereby enabling her relative to buy at ’wholesale prices in Handyman’s name. Virginia was probably able to
accomplish this because of Handyman’s poor internal control for:
A.
sales returns.
B.
cash receipts.
C.
perpetual inventory records.
D.
purchase orders.
16 A company policy should clearly indicate that defective merchandise returned by customers is to be delivered to the:
.
A. sales clerk.
B. receiving clerk.
C. inventory control clerk.
D. accounts receivable clerk.

17 An effective internal control for the payroll function would generally include which of the following?
.
A. Total time recorded on time-clock cards should be reconciled to job reports by employees responsible for those specific jobs.
B. Payroll department employees should be supervised by the management of the personnel department.
C. Payroll department employees should be responsible for maintaining employee personnel records.
D. Total time spent on jobs should be compared with total time indicated on time-clock cards.
18 An auditor reviews a client’s payroll procedures. The auditor would consider the internal control to be less than effective if a payroll
. department supervisor was assigned the responsibility for:
A. reviewing and approving time reports for subordinate employees.
B. distributing payroll cheques to employees.
C. hiring subordinate employees.
D. initiating requests for salary adjustments for subordinate employees.
19 Management’s attitude toward aggressive financial reporting and its emphasis on meeting projected profit goals most likely would
. significantly influence an entity’s control environment when:
A. external policies established by parties outside the entity affect its accounting practices.
B. management is dominated by one individual.
C. internal auditors have direct access to the board of directors and the entity’s management.
D. the audit committee is active in overseeing the entity’s financial reporting policies.
20 The control environment component of internal controls includes all of the following except:
.
A. management’s operating style.
B. access to computer programs.
C. organisational structure.
D. human resource policies and practices.

21 The risk assessment component of internal controls refers to:
.
A. the auditor’s assessment of control risk.
B. the auditor’s assessment of engagement risk.
C. the entity’s identification and analysis of risks relevant to achievement of its objectives.
D. the entity’s monitoring of the potential for material misstatements.
22 Which of the following is not one of the five elements of internal control?
.
A. Corporate governance.
B. Control procedures.
C. Control environment.
D. Information system.
23 The internal control environment includes all of the following except:

.
A. organisational structure.
B. management philosophy and operating style.
C. human resource policies and procedures.
D. tests of control.
24. A well-prepared flowchart should make it easier for the auditor to:
A. prepare audit procedure manuals.
B. prepare detailed job descriptions.
C. perform walk-throughs.
D. assess the degree of accuracy of financial data.

25 A flowchart is most frequently used by an auditor in connection with the:
.
A. preparation of generalised computer audit programs.
B. review of the client’s internal accounting controls.
C. use of statistical sampling in performing an audit.
D. performance of analytical procedures on account balances.
26 An advantage of using systems flowcharts to document information about internal control instead of using internal control
. questionnaires is that systems flowcharts:
A. identify internal control weaknesses more prominently.
B. provide a visual depiction of clients’ activities.
C. indicate whether controls are operating effectively.
D. reduce the need to observe clients’ employees performing routine tasks.
27 For a complex system, auditors are least likely to use which of the following when documenting their understanding of internal
. controls?
A. Narratives.
B. Internal control questionnaires.
C. Flowcharts.
D. Organisation charts.
28 Walk-throughs usually involve all of the following audit procedures except:

.
A. re-performance.
B. ienquiry.
C. observation.
D. inspection.
29 Which of the following situations is not a reason to assess control risk as high?
.
A. Internal control policies or procedures are unlikely to be effective.
B. Evaluating the effectiveness of the internal control policies or procedures would be more time consuming than another audit
approach.
C. The auditor has assessed detection risk as high.
D. Internal control policies or procedures are unlikely to pertain to an assertion.
30 In obtaining an understanding of the internal control policies and procedures that are relevant to audit planning, the auditor should
. perform procedures to provide sufficient knowledge of:
A. design of the relevant policies, procedures and records and their operating effectiveness.
B. design of the relevant policies, procedures and records and their relationships to assertions.
C. the complexity of the entity and the sophistication of its systems and operations.
D. design of the relevant policies, procedures and records and whether they have been placed in operation.
31 Which of the following is not a medium that can normally be used by an auditor to record information concerning a client’s internal
. control?
A. Narrative memorandum.
B. Procedures manual.
C. Flowchart.
D. None of the given answers is correct.
32 When the auditor has assessed the level of control risk at less than high, the auditor should document:
.
A. the understanding of the entity’s internal control elements obtained to plan the audit.
B. the conclusion and the basis for that conclusion.
C. the implications for the overall audit strategy.
D. All of the given answers are correct.

33 Procedures directed towards obtaining evidence concerning the effectiveness of the design or operation of an internal control policy
. or procedure are referred to as:
A. analytical procedures.
B. substantive tests.
C. tests of controls.
D. confirmations.
34 The auditor observes client employees in obtaining an understanding of the internal control in order to:
.
A. prepare a flowchart.
B. update information contained in the organisation and procedure manuals.
C. corroborate the information obtained during the initial phases of obtaining an understanding of the internal control.
D. determine the extent of compliance with quality control standards.
35 The following are steps in the audit process:

.
I. prepare flowchart.
II. gather exhibits of all documents.
III. interview personnel.
The most logical sequence of steps is:
A. I, II, III.
B. I, III, II.
C. III, II, I.
D. II, I, III.
36 The auditor’s understanding of the client’s internal control is documented to substantiate:
.
A. conformity of the accounting records with the accounting standards.
B. representation as to adherence to requirements of management.
C. compliance with the auditing standards.
D. the fairness of the financial report presentation.
37 After the auditor has prepared a flowchart of the accounting system and control procedures surrounding sales, and assessed the
. design of the system, the auditor would perform tests of controls for all control procedures:
A. documented in the flowchart.
B. considered to be deficiencies that might allow errors to enter the accounting system.
C. considered to be strengths that the auditor plans to use as a basis for an assessed level of control risk less than high.
D. that would aid in preventing irregularities.
38 Which of the following internal control features would an auditor be least likely to review?
.
A. Segregation of the asset-handling and record-keeping functions.
B. Company policy regarding credit and collection efforts.
C. Classification of sales and cost records by products.
D. Authorisation of additions to plant and equipment.
39 When considering the internal control for inventory with respect to segregation of duties, an auditor would be least likely to:
.
A. inspect documents.
B. make enquiries.
C. observe procedures.
D. consider policies and procedures manuals.

40 In the weekly computer run to prepare payroll cheques, a cheque was printed for an employee whose employment was terminated
. the previous week. Which of the following controls, if properly used, would have been most effective in preventing this error or
ensuring its prompt detection?
A. A control total for hours worked, prepared from time-cards collected by the timekeeping department
and compared to the payroll sheets.
B. Requiring the accounting department to account for all pre-numbered cheques issued to the IT department for the
processing of the payroll.
C. The use of check digits on employee numbers.
D. The use of a header label on the payroll input sheet.
41 The auditor obtains evidence supporting the notion that proper segregation of duties exists by:
.
A. personally observing the employees who apply the control procedures.
B. reviewing job descriptions in the personnel department.
C. preparing a flowchart of duties performed by personnel.
D. performing tests to determine whether control procedures operated consistently throughout the period.
42 Which of the following procedures is essential to determine whether effective internal control policies and procedures have been
. prescribed and are being followed?
A. Developing questionnaires and checklists.
B. Understanding control policies directed towards operating efficiency.
C. Understanding the internal control and performing tests of controls.
D. Observing employee functions and making enquiries.

43 Which of the following input controls is a numeric value computed to provide assurance that the original input value does not contain
. a transcription error?
A. Hash total.
B. Financial total.
C. Encryption.
D. Check digit.
44 A limit test is a:
.
A. test to ensure that a numerical value does not exceed some predetermined value.
B. check to ensure that the value in a field falls within an allowable range of values.
C. check to ensure that the data in a field have the proper arithmetic sign.
D. check on a field to ensure that it contains either all numeric or alphabetic characters.
45 An IT input control is designed to ensure that:

.
A. machine processing is accurate.
B. only authorised personnel have access to the computer area.
C. data received for processing are properly authorised and converted to machine readable form.
D. electronic data processing has been performed as intended for the particular application.
46 For good internal control, which of the following functions should not be the responsibility of the cashier?
.
A. Data processing.
B. Receiving of cash.
C. Custody of securities.
D. Banking of cash.
47 In updating a computerised accounts receivable file, which one of the following would be used as a batch control to verify the
. accuracy of the postings of cash receipts remittances?
A. The sum of the cash deposits, plus the discounts, less the sales returns.
B. The sum of the cash deposits.
C. The sum of the cash deposits, less the discounts taken by customers.
D. The sum of the cash deposits, plus the discounts taken by customers.
48. After obtaining an initial understanding of a client’s IT controls, an auditor may decide not to perform tests of controls
related to the control procedures within the IT section of the client’s internal control. Which of the following
justifications would not be a valid reason for choosing to omit tests of controls?
A. The controls appear adequate.
B. The controls duplicate operative controls existing elsewhere in the system.
C. There appear to be major deficiencies that would preclude using the stated procedure as a basis to reduce the
assessed level.
D. The time and dollar costs of testing exceed the time and dollar savings in substantive testing if the tests
of controls show the controls to be operative.
49 Which of the following computer documentation would an auditor most likely utilise in obtaining an understanding of internal control?
.
A. Systems flowcharts.
B. Record layouts.
C. Program listings.
D. Record counts.
50 Which of the following situations most likely represents a weakness in IT internal control?
.
A. The accounts payable clerk prepares data for computer processing and enters the data into the computer.
B. The systems analyst reviews output and controls the distribution of output from the IT department.
C. The control clerk establishes control over data received by the IT department and reconciles control totals after processing.
D. The systems programmer designs the operating and control functions of programs and participates in testing operating systems.
51 Which of the following would lessen the effectiveness of the internal control in a computer system?
.
A. The computer librarian maintains custody of computer program instructions and detailed program listings.
B. Computer operators have access to detailed program documentation.
C. The control group maintains sole custody of all computer output before distribution.
D. Computer programmers write and debug programs.
52 Which of the following information is likely to be least important to an auditor who is reviewing the internal control of the data
. processing function?
A. Ancillary program functions.
B. Disposition of source documents.
C. Operator competence.
D. Bit storage capacity.
53 Which of the following information is likely to be of least importance to an auditor in obtaining an understanding of the internal
. control?
A. The segregation of duties within the IT department.
B. The control over source documents.
C. The documentation maintained for accounting applications.
D. The cost-benefit ratio of data processing operations.

54 A procedural control used in the management of a computer centre to minimise the possibility of data or program file destruction
. through operator error includes:
A. control figures.
B. cross-adding tests.
C. limit checks.
D. external labels.
55 The use of a header label is most likely to prevent errors by the:

.
A. computer operator.
B. key entry operator.
C. computer programmer.
D. maintenance technician.
56 When erroneous data are detected by computer program controls, such data may be excluded from processing and printed on an
. error report. The error report should most probably be reviewed and followed up by the:
A. IT control group.
B. system analyst.
C. supervisor of computer operations.
D. computer programmer.
57 Internal control procedures within the IT activity may leave no visible evidence indicating that the procedures were performed. In such
. instances, the auditor should test these controls by:
A. making corroborative inquiries.
B. observing the separation of duties of personnel.
C. reviewing transactions submitted for processing and comparing them to related output.
D. reviewing the run manual.

58 Totals of amounts in computer-record data fields that are not usually added, but are used only for data-processing control purposes,
. are called:
A. record totals.
B. hash totals.
C. processing data totals.
D. field totals.
59 Which of the following activities would most likely be performed in the IT department?
.
A. Initiation of changes to master records.
B. Conversion of information to machine-readable form.
C. Correction of transactional errors.
D. Initiation of changes to existing applications.
60 Which of the following is an example of a check digit?

.
A. An agreement of the total number of employees to the total number of cheques printed by the computer.
B. An algebraically determined number produced by the other digits of the employee number.
C. A logic test that ensures all employee numbers have nine digits.
D. A limit check that an employee’s hours do not exceed 50 hours per work week.
61 An input control is designed to ensure that:

.
C. data received for processing are properly authorised and converted to machine-readable form.
62 Gift Stores Ltd has a fully integrated IT accounting system and is planning to issue credit cards to creditworthy customers. To
. strengthen the internal control by making it difficult for one to fraudulently create a customer account number, a check digit should be
placed:
A. at the beginning of a valid account number, only.
B. in the middle of a valid account number, only.
C. at the end of a valid account number, only.
D. consistently in any position.
63 The completeness of IT-generated sales figures can be tested by comparing the number of items listed on the daily sales report with
. the number of items billed on the actual invoices. This process uses:
A. control totals.
B. validity tests.
C. process tracing data.
D. check digits.
64 If a control total were to be computed on each of the following data items, which would best be identified as a hash total for a payroll
. IT application?
A. Hours worked.
B. Employee’s identification number.
C. Number of employees.
D. Gross pay.
65 If a control total were to be calculated on each of the following data items, which would best be identified as a hash total for a payroll
. IT application?
A. Net pay.
B. Department numbers.
C. Hours worked.
D. Total debits and total credits.

66 One of the major problems with IT systems is that incompatible functions may be performed by the same individual. One
. compensating control for this is the use of:
A. a tape library.
B. a check-digit system.
C. computer-generated hash totals.
D. a computer log.
67 In which of the following situations would an auditor most likely use a strategy of reliance on internal control?
.
A. The systems analyst reviews output and controls the distribution of output from the IT department.
B. The entity has been slow to update its IT system to reflect changes in billing practices.
C. No paper trail is generated, as the entity receives sales orders, bills customers and receives payment based only on information
generated from IT.
D. The auditor has been unable to determine whether all changes to a client’s IT were properly authorised.
68 When an independent auditor decides that the work performed by internal auditors may have a bearing on the nature, timing and
. extent of contemplated audit procedures, the independent auditor should plan to evaluate the objectivity of the internal auditors.
Relative to objectivity, the independent auditor should:
A. consider the organisation level to which internal auditors report the results of their work.
B. review the quality control program in effect for the internal audit staff.
C. examine the quality of the internal audit reports.
D. consider the qualifications of the internal audit staff.

69 To provide for the greatest degree of independence in performing internal auditing functions, an internal auditor most likely should
. report to the:
A. chief financial officer.
B. chief executive officer.
C. audit committee.
D. shareholders.
70 Emerald Ltd maintains a large, full-time internal audit staff that reports directly to the chief accountant. Audit reports prepared by the
. internal auditors indicate that the structure is functioning as it should be and that the accounting records are reliable. The external
auditor will probably:
A. eliminate tests of controls.
B. increase the depth of the procedures to obtain an understanding of controls directed towards operating efficiency.
C. avoid duplicating the work performed by the internal audit staff.
D. place limited reliance on the work performed by the internal audit staff.
Chapter 07 Testbank Key
1 Assessing control risk at less than high involves all of the following except:
.
A. identifying specific controls to rely on.
B. concluding that controls are ineffective.
C. performing tests of controls.
D. analysing the achieved level of control risk after performing tests of controls.
AACSB: Analytic
Difficulty: Easy
Learning Objective: 07.01 Explain the concept of internal control, its inherent limitations and how it links to the audit strategy
Topic: Internal control and audit strategy
2. Obtaining an understanding of the internal control and assessing control risk:
A. may be performed concurrently in an audit.
B. needs to be documented only if the assessed level of control risk is less than high.
C. is possible but not necessary in performing an audit.
D. are necessarily sequential audit steps.
AACSB: Analytic
Difficulty: Easy
3. The conclusion reached as a result of assessing control risk is referred to as the:
A. assurance provided by internal control.

B. determined level of acceptable detection risk.
C. product of the understanding of internal control.
D. assessed level of control risk.
AACSB: Analytic
Difficulty: Easy
4. An auditor assesses the level of control risk to:
A. determine whether the entity is a going concern.
B.
determine the extent of substantive tests to be performed.
C. ascertain whether irregularities are probable.
D.
ascertain whether any employees have incompatible duties.
AACSB: Analytic
Difficulty: Medium
5. How does the extent of substantive tests required to constitute sufficient appropriate audit evidence vary with the auditor’s assessment o
A.
Randomly.
B.
Disproportionately.
C.
Directly.
D.
Inversely.
AACSB: Analytic
Difficulty: Medium
6. The ultimate purpose of assessing control risk is to contribute to the auditor’s evaluation of the:
A.
factors that raise doubts about the auditability of the financial report.
B.
operating effectiveness of internal control policies and procedures.
C.
risk that material misstatements exist in the financial report.
D.
possibility that the nature and extent of substantive tests may be reduced.
AACSB: Analytic
Difficulty: Easy
7. Assessing control risk at less than high would most likely involve:
A. changing the timing of substantive tests by omitting interim testing and performing the tests at year-end.
B. identifying specific internal controls relevant to specific assertions.
C. performing more extensive substantive tests with larger sample sizes than originally planned.
D. reducing inherent risk for most of the assertions relevant to significant account balances.
AACSB: Analytic
Difficulty: Medium
8. A primary purpose of internal controls is to:
A. form a basis for evaluating employees.
B. monitor production quality.
C. avoid clerical errors.
D. meet objectives of maintaining sound documents and records and accurate financial reporting.
AACSB: Analytic
Difficulty: Easy
9.
When obtaining an understanding of the entity and its environment, the auditor should obtain an understanding of
internal controls primarily to:
A. assess the risk of material misstatement and plan the audit.

B. provide suggestions for improvement to the client.
C. serve as a basis for setting audit risk and materiality.
D. comply with the Corporations Act 2001.
AACSB: Analytic
Difficulty: Easy
10. Which of the following would be least likely to suggest to an auditor that the client’s management may have overridden the internal contr
A. Differences are always disclosed on a computer exception report.
B. Management does not correct internal control deficiencies that it knows about.
C.
There have been two new financial controllers this year.
D.
There are numerous delays in preparing timely internal financial reports.
AACSB: Analytic
Difficulty: Easy
11. In assessing control risk, the auditor is basically concerned that the system provides reasonable assurance that:
A.
controls have not been circumvented by collusion.
B.
misstatements have been prevented or detected.
C.
operational efficiency has been achieved in accordance with management plans.
D.
management cannot override the system.
AACSB: Analytic
Difficulty: Easy
12. Of the following statements about an internal control, which one is not valid?
A.
No one person should be responsible for the custodial responsibility and the recording responsibility for an
asset.
B.
Transactions must be properly authorised before such transactions are processed.
C.
Because of the cost–benefit relationship, a client may apply control procedures on a test basis.
D.
Control procedures reasonably ensure that collusion among employees cannot occur.
AACSB: Analytic
Difficulty: Easy
13.
Which of the following statements about internal control is correct?
A.
The establishment and maintenance of internal control is an important responsibility of the internal auditor.
B.
Properly maintained internal control reasonably ensures that collusion among employees cannot occur.
C.
The cost–benefit relationship is a primary criterion that should be considered in designing internal control.
D.
Exceptionally strong internal control is enough for the auditor to eliminate substantive tests on a significant
account balance.
AACSB: Analytic
Difficulty: Medium
Learning Objective: 07.02 Describe the general objectives of internal control and how the auditor uses them to develop specific control objectives
Topic: Internal control objectives
14.
Which of the following statements is one of the overriding principles of internal control?
A.
Responsibility for accounting and financial duties should be assigned to one responsible officer.
B.
Responsibility for the performance of each duty must be fixed.
C.
Responsibility for the accounting duties must be borne by the audit committee of the company.
D.
All of the options listed here are correct
AACSB: Analytic
Difficulty: Easy
15.
Virginia Samuels, the purchasing officer of Handyman Wholesalers Pty Ltd (Handyman), has a relative who owns
a retail hardware store. Virginia arranged for hardware to be delivered by manufacturers to the retail store on a
COD basis, thereby enabling her relative to buy at ’wholesale prices in Handyman’s name. Virginia was probably
able to accomplish this because of Handyman’s poor internal control for:
A.
sales returns.
B.
cash receipts.
C.
perpetual inventory records.
D.
purchase orders.
AACSB: Analytic
Difficulty: Easy
16 A company policy should clearly indicate that defective merchandise returned by customers is to be delivered to the:
.
A. sales clerk.
B. receiving clerk.
C. inventory control clerk.
D. accounts receivable clerk.
AACSB: Analytic
Difficulty: Easy
17 An effective internal control for the payroll function would generally include which of the following?
.
A. Total time recorded on time-clock cards should be reconciled to job reports by employees responsible for those specific jobs.
B. Payroll department employees should be supervised by the management of the personnel department.
C. Payroll department employees should be responsible for maintaining employee personnel records.
D. Total time spent on jobs should be compared with total time indicated on time-clock cards.
AACSB: Analytic
Difficulty: Easy
18 An auditor reviews a client’s payroll procedures. The auditor would consider the internal control to be less than effective if a payroll
. department supervisor was assigned the responsibility for:
A. reviewing and approving time reports for subordinate employees.
B. distributing payroll cheques to employees.
C. hiring subordinate employees.
D. initiating requests for salary adjustments for subordinate employees.
AACSB: Analytic
Difficulty: Medium
19 Management’s attitude toward aggressive financial reporting and its emphasis on meeting projected profit goals most likely would
. significantly influence an entity’s control environment when:
A. external policies established by parties outside the entity affect its accounting practices.
B. management is dominated by one individual.
C. internal auditors have direct access to the board of directors and the entity’s management.
D. the audit committee is active in overseeing the entity’s financial reporting policies.
AACSB: Analytic
Difficulty: Easy
Learning Objective: 07.03 Identify and define each of the components of internal control
Topic: Components of internal control
20 The control environment component of internal controls includes all of the following except:
.
A. management’s operating style.
B. access to computer programs.
C. organisational structure.
D. human resource policies and practices.
AACSB: Analytic
Difficulty: Medium
21 The risk assessment component of internal controls refers to:

.
A. the auditor’s assessment of control risk.
B. the auditor’s assessment of engagement risk.
C. the entity’s identification and analysis of risks relevant to achievement of its objectives.
D. the entity’s monitoring of the potential for material misstatements.
AACSB: Analytic
Difficulty: Easy
22 Which of the following is not one of the five elements of internal control?
.
A. Corporate governance.
B. Control procedures.
C. Control environment.
D. Information system.
AACSB: Analytic
Difficulty: Easy
23 The internal control environment includes all of the following except:

.
A. organisational structure.
B. management philosophy and operating style.
C. human resource policies and procedures.
D. tests of control.
AACSB: Analytic
Difficulty: Easy
24. A well-prepared flowchart should make it easier for the auditor to:
A. prepare audit procedure manuals.
B. prepare detailed job descriptions.
C. perform walk-throughs.
D. assess the degree of accuracy of financial data.
AACSB: Analytic
Difficulty: Easy
Learning Objective: 07.04 Identify the steps in a financial report audit by which the auditor obtains an understanding of internal control and assesses
control risk, and the methods and procedures used by the auditor in each step
Topic: Considering internal control in a financial report audit
25 A flowchart is most frequently used by an auditor in connection with the:

.
A. preparation of generalised computer audit programs.
B. review of the client’s internal accounting controls.
C. use of statistical sampling in performing an audit.
D. performance of analytical procedures on account balances.
AACSB: Analytic
Difficulty: Easy
26 An advantage of using systems flowcharts to document information about internal control instead of using internal control
. questionnaires is that systems flowcharts:
A. identify internal control weaknesses more prominently.
B. provide a visual depiction of clients’ activities.
C. indicate whether controls are operating effectively.
D. reduce the need to observe clients’ employees performing routine tasks.
AACSB: Analytic
Difficulty: Easy
27 For a complex system, auditors are least likely to use which of the following when documenting their understanding of internal
. controls?
A. Narratives.
B. Internal control questionnaires.
C. Flowcharts.
D. Organisation charts.
AACSB: Analytic
Difficulty: Easy
28 Walk-throughs usually involve all of the following audit procedures except:

.
A. re-performance.
B. ienquiry.
C. observation.
D. inspection.
AACSB: Analytic
Difficulty: Easy
29 Which of the following situations is not a reason to assess control risk as high?
.
A. Internal control policies or procedures are unlikely to be effective.
B. Evaluating the effectiveness of the internal control policies or procedures would be more time consuming than another audit
approach.
C. The auditor has assessed detection risk as high.
D. Internal control policies or procedures are unlikely to pertain to an assertion.
AACSB: Analytic
Difficulty: Medium
30 In obtaining an understanding of the internal control policies and procedures that are relevant to audit planning, the auditor should
. perform procedures to provide sufficient knowledge of:
A. design of the relevant policies, procedures and records and their operating effectiveness.
B. design of the relevant policies, procedures and records and their relationships to assertions.
C. the complexity of the entity and the sophistication of its systems and operations.
D. design of the relevant policies, procedures and records and whether they have been placed in operation.
AACSB: Analytic
Difficulty: Medium
31 Which of the following is not a medium that can normally be used by an auditor to record information concerning a client’s internal
. control?
A. Narrative memorandum.
B. Procedures manual.
C. Flowchart.
D. None of the given answers is correct.
AACSB: Analytic
Difficulty: Easy
32 When the auditor has assessed the level of control risk at less than high, the auditor should document:
.
A. the understanding of the entity’s internal control elements obtained to plan the audit.
B. the conclusion and the basis for that conclusion.
C. the implications for the overall audit strategy.
D. All of the given answers are correct.
AACSB: Analytic
Difficulty: Medium
33 Procedures directed towards obtaining evidence concerning the effectiveness of the design or operation of an internal control policy
. or procedure are referred to as:
A. analytical procedures.
B. substantive tests.
C. tests of controls.
D. confirmations.
AACSB: Analytic
Difficulty: Easy
34 The auditor observes client employees in obtaining an understanding of the internal control in order to:
.
A. prepare a flowchart.
B. update information contained in the organisation and procedure manuals.
C. corroborate the information obtained during the initial phases of obtaining an understanding of the internal control.
D. determine the extent of compliance with quality control standards.
AACSB: Analytic
Difficulty: Easy
35 The following are steps in the audit process:
.
I. prepare flowchart.
II. gather exhibits of all documents.
III. interview personnel.
The most logical sequence of steps is:
A. I, II, III.
B. I, III, II.
C. III, II, I.
D. II, I, III.
AACSB: Analytic
Difficulty: Easy
36 The auditor’s understanding of the client’s internal control is documented to substantiate:

.
A. conformity of the accounting records with the accounting standards.
B. representation as to adherence to requirements of management.
C. compliance with the auditing standards.
D. the fairness of the financial report presentation.
AACSB: Analytic
Difficulty: Easy
37 After the auditor has prepared a flowchart of the accounting system and control procedures surrounding sales, and assessed the
. design of the system, the auditor would perform tests of controls for all control procedures:
A. documented in the flowchart.
B. considered to be deficiencies that might allow errors to enter the accounting system.
C. considered to be strengths that the auditor plans to use as a basis for an assessed level of control risk less than high.
D. that would aid in preventing irregularities.
AACSB: Analytic
Difficulty: Easy
38 Which of the following internal control features would an auditor be least likely to review?
.
A. Segregation of the asset-handling and record-keeping functions.
B. Company policy regarding credit and collection efforts.
C. Classification of sales and cost records by products.
D. Authorisation of additions to plant and equipment.
AACSB: Analytic
Difficulty: Medium
39 When considering the internal control for inventory with respect to segregation of duties, an auditor would be least likely to:
.
A. inspect documents.
B. make enquiries.
C. observe procedures.
D. consider policies and procedures manuals.
AACSB: Analytic
Difficulty: Medium
40 In the weekly computer run to prepare payroll cheques, a cheque was printed for an employee whose employment was terminated
. the previous week. Which of the following controls, if properly used, would have been most effective in preventing this error or
ensuring its prompt detection?
A. A control total for hours worked, prepared from time-cards collected by the timekeeping department
and compared to the payroll sheets.
B. Requiring the accounting department to account for all pre-numbered cheques issued to the IT department for the
processing of the payroll.
C. The use of check digits on employee numbers.
D. The use of a header label on the payroll input sheet.
AACSB: Analytic
Difficulty: Medium
41 The auditor obtains evidence supporting the notion that proper segregation of duties exists by:
.
A. personally observing the employees who apply the control procedures.
B. reviewing job descriptions in the personnel department.
C. preparing a flowchart of duties performed by personnel.
D. performing tests to determine whether control procedures operated consistently throughout the period.
AACSB: Analytic
Difficulty: Medium
42 Which of the following procedures is essential to determine whether effective internal control policies and procedures have been
. prescribed and are being followed?
A. Developing questionnaires and checklists.
B. Understanding control policies directed towards operating efficiency.
C. Understanding the internal control and performing tests of controls.
D. Observing employee functions and making enquiries.
AACSB: Analytic
Difficulty: Easy
43 Which of the following input controls is a numeric value computed to provide assurance that the original input value does not contain
. a transcription error?
A. Hash total.
B. Financial total.
C. Encryption.
D. Check digit.
AACSB: Technology
Difficulty: Easy
Learning Objective: 07.05 Distinguish between user controls and information technology (IT) controls, between general controls and application controls
and between automated controls and manual controls, and identify the general controls and application controls that affect the auditor’s assessment of
control risk in a computerised system
Topic: Computerised systems
44 A limit test is a:
.
A. test to ensure that a numerical value does not exceed some predetermined value.
B. check to ensure that the value in a field falls within an allowable range of values.
C. check to ensure that the data in a field have the proper arithmetic sign.
D. check on a field to ensure that it contains either all numeric or alphabetic characters.
AACSB: Technology
Difficulty: Easy
45 An IT input control is designed to ensure that:

.
C. data received for processing are properly authorised and converted to machine readable form.
AACSB: Technology
Difficulty: Easy
46 For good internal control, which of the following functions should not be the responsibility of the cashier?
.
A. Data processing.
B. Receiving of cash.
C. Custody of securities.
D. Banking of cash.
AACSB: Technology
Difficulty: Easy
47 In updating a computerised accounts receivable file, which one of the following would be used as a batch control to verify the
. accuracy of the postings of cash receipts remittances?
A. The sum of the cash deposits, plus the discounts, less the sales returns.
B. The sum of the cash deposits.
C. The sum of the cash deposits, less the discounts taken by customers.
D. The sum of the cash deposits, plus the discounts taken by customers.
AACSB: Technology
Difficulty: Hard
48. After obtaining an initial understanding of a client’s IT controls, an auditor may decide not to perform tests of
controls related to the control procedures within the IT section of the client’s internal control. Which of the
following justifications would not be a valid reason for choosing to omit tests of controls?
A. The controls appear adequate.
B. The controls duplicate operative controls existing elsewhere in the system.
C. There appear to be major deficiencies that would preclude using the stated procedure as a basis to reduce
the assessed level.
D. The time and dollar costs of testing exceed the time and dollar savings in substantive testing if the tests
of controls show the controls to be operative.
AACSB: Technology
Difficulty: Easy
49 Which of the following computer documentation would an auditor most likely utilise in obtaining an understanding of internal control?
.
A. Systems flowcharts.
B. Record layouts.
C. Program listings.
D. Record counts.
AACSB: Technology
Difficulty: Easy
50 Which of the following situations most likely represents a weakness in IT internal control?
.
A. The accounts payable clerk prepares data for computer processing and enters the data into the computer.
B. The systems analyst reviews output and controls the distribution of output from the IT department.
C. The control clerk establishes control over data received by the IT department and reconciles control totals after processing.
D. The systems programmer designs the operating and control functions of programs and participates in testing operating systems.
AACSB: Technology
Difficulty: Hard
51 Which of the following would lessen the effectiveness of the internal control in a computer system?
.
A. The computer librarian maintains custody of computer program instructions and detailed program listings.
B. Computer operators have access to detailed program documentation.
C. The control group maintains sole custody of all computer output before distribution.
D. Computer programmers write and debug programs.
AACSB: Technology
Difficulty: Hard
52 Which of the following information is likely to be least important to an auditor who is reviewing the internal control of the data
. processing function?
A. Ancillary program functions.
B. Disposition of source documents.
C. Operator competence.
D. Bit storage capacity.
AACSB: Technology
Difficulty: Easy
53 Which of the following information is likely to be of least importance to an auditor in obtaining an understanding of the internal
. control?
A. The segregation of duties within the IT department.
B. The control over source documents.
C. The documentation maintained for accounting applications.
D. The cost-benefit ratio of data processing operations.
AACSB: Technology
Difficulty: Easy
54 A procedural control used in the management of a computer centre to minimise the possibility of data or program file destruction
. through operator error includes:
A. control figures.
B. cross-adding tests.
C. limit checks.
D. external labels.
AACSB: Technology
Difficulty: Easy
55 The use of a header label is most likely to prevent errors by the:

.
A. computer operator.
B. key entry operator.
C. computer programmer.
D. maintenance technician.
AACSB: Technology
Difficulty: Easy
56 When erroneous data are detected by computer program controls, such data may be excluded from processing and printed on an
. error report. The error report should most probably be reviewed and followed up by the:
A. IT control group.
B. system analyst.
C. supervisor of computer operations.
D. computer programmer.
AACSB: Technology
Difficulty: Easy
57 Internal control procedures within the IT activity may leave no visible evidence indicating that the procedures were performed. In such
. instances, the auditor should test these controls by:
A. making corroborative inquiries.
B. observing the separation of duties of personnel.
C. reviewing transactions submitted for processing and comparing them to related output.
D. reviewing the run manual.
AACSB: Technology
Difficulty: Medium
58 Totals of amounts in computer-record data fields that are not usually added, but are used only for data-processing control purposes,
. are called:
A. record totals.
B. hash totals.
C. processing data totals.
D. field totals.
AACSB: Technology
Difficulty: Easy
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Akto V.
Sceno 1.—Antaŭ la grotĉambro de Prospero.
(Venas Prospero magie vestita, kaj Arielo).
Prospero.
Nun mia plano venas al finiĝo.
Spiritoj magipove min obeis
Oportunege. Horo nun kioma?
Arielo.
La sesa proksimiĝas. Vi promesis
Ke tiam ĉesos nia laborado.
Prospero.
Promeson mian certe mi plenumos,
Ĉar bone vi min servis. Diru kien
La Reĝon kaj sekvantojn vi kondukis.
Arielo.
Sub l’ ombrodona via tiliaro,
Malliberuloj, kune ili staras
Terure timigitaj; en la stato
Por ilin puni de vi preparita,
Ne povas ili ŝanĝi ĝis vi volos.
La Reĝo, lia frato, kaj la via
Triope staras strange konsternitaj,
Dum la ceteraj ploras apud ili,—
Precipe l’ bona maljunul’ Gonzalo,
Sur kies blankan barbon larmoj falas
Simile al malvarmaj vintraj gutoj
De kana tegmentrando. Via povo
Ĉagrenas ilin nun interne tiel
Ke ilin vidi tuŝus vian koron.
Prospero.
Ĉu vi, spirito, tion vere pensas?
Arielo.
Min tuŝus tio se mi estus homa.
Prospero.
Min tuŝu ĝi do, ĉar mi homo estas.
Ĉu vi, aero nur, kompatas homojn,
Dum, similul’ ilia, mi ne sentos
Pli ol vi kompatema?—Kiel ili
Ĉu ĝojon, ĉu ĉagrenon mi ne havas?
Malbone kvankam ili kun mi agis,
Kaj vundis min profunde, mi forpelos
Koleron mian propran: grandanimo
Ol venĝo estas virto pli laŭdinda.
Pentantajn ilin povas mi pardoni,
Eĉ sen sulkiĝo. Iru, Arielo,
Kaj ilin liberigu. Magiaĵon
Tuj rompos mi, al ĉiu por redoni
Sentemon ĝustan.
Arielo.
Tuj mi iros, Mastro. (Foriras).
Prospero.
Koboldoj riveretaj kaj montetaj,
Lagamistetoj, arbarvizitistoj;
Vi, sur la sablo kiuj l’ ondon sekvas,
Kaj ride antaŭkuras for l’ alfluon;
Duonestaĵoj, kiuj sub la luno,
Elfaras la maldolĉajn herbrondaĵojn
Maĉeblajn tute ne de la ŝafino;
Vi, fungfaristoj, kiuj nokte ludas,
Kaj ĝoje aŭdas vespersonoradon—
Per vi, malfortaj kvankam estaĵetoj,
Tagmezan povis mi nubigi sunon,
Eĉ leviĝigi ventojn ribelantajn,
Eĉ verdan maron kun ĉielo blua
Interbatigi muĝe; mi fulmigis
Tra laŭtkrakanta tondro; fajre fendis
La Jupiteran kverkon per difulmo.
Mi skuis promontoran fundamenton,
Elradikigis cedron kaj pinarbon;
Eĉ tomboj vekis siajn endormantojn
Kaj malfermiĝis ilin por forsendi,
Per mira povo mia.—Sed nun ĉesu
La magiarto, de mi forĵurita;
Ĉar, poste iom da muziko dolĉa,
(Tuj de mi dezirata por ke baldaŭ
Pentuloj sentojn siajn ree havu)
Korege rompos mi bastonon mian
Kaj teren ĝin enfosos multajn futojn,
Kaj, pli profunde eĉ ol ajn sondilon,
La libron mi dronigos!
(Solena Muziko).
(Revenas Arielo; lin sekvas Alonzo kun freneza mieno, kune
kun Gonzalo; Sebastiano kaj Antonio, sammaniere, kune
kun Adriano kaj Francisko.—Ili ĉiuj enpaŝis la rondon, kiun
Prospero estis antaŭpretiginta: tie ili staras magie senmovaj;
tion vidante, Prospero parolas:)
Ari’ solena, taŭga kuracado,
Nun senutilan vian tutan cerbon
Rekonsciigu, en kranio via:
Cetere vi en magipovo staras.—
Gonzalo! virta, honorinda viro,
Okuloj miaj simpatie ploras
Kun viaj; falas de mi frataj larmoj . . .
—Magio nun rapide malaperos,
Kaj, kiel la maten’ svenigas nokton,
Iliaj sentoj la nebulan staton
Forigos tuj, kaj ree sin ekvekos.—
Gonzalo! bona vir’, savinto mia,
Subul’ al via Reĝo tre fidela,
Noblanimulo, estos viaj servoj
Pagitaj hejme, voĉe, kaj per agoj!
Alonzo, tre kruele vi agadis
Kun mi kaj kara infanino mia,
Kaj tiu via frato krime helpis,—
—Sebastian’ interne tion sentas—
Eĉ vi, ho frato! karno, sango mia,
Mortigis, ambicie, natursentojn,
Sebastianon puŝis al perfido . . .
—Duoble li pro tio nun suferas!—
La Reĝon ambaŭ vi mortigi volus . . .
Sed al vi mi pardonas, Antonio.
—Ilia komprenado ekrevenas:
Idealfluo sane replenigos
Pensrandon magiŝlime nun kovritan.
El ili tamen min neniu konus,
Eĉ se min ili vidus.—Arielo,
Alportu mian glavon kaj ĉapelon.
(Foriras Arielo).
Nun tute magiveston mi deprenu,
Kaj kiel dukon de Milan’ min montru.
(Al Arielo kiu revenas kaj helpas vesti lin).
Spirit’, rapidu! Vi tuj liberiĝos!
Arielo kantas:
Ĉe l’ abel’ kunsuĉos mi,
En primolo kuŝos ni,
Tie ni ripozos, dum
La strigo vokos en mallum’.
Sur vesperto rajdos mi
Post la somer’, gaje, ho!
Gaje tre! gaje, ho! vivos mi nun,
Sub arba flor’ varmigata de l’ sun’.
Gaje, ho! vivos mi, gaje tre, nun,
Varmigos min la brila sun’,
Sub arba floro mi vivos nun!
Prospero.
Ĉarmege! Al mi, Ariel’, vi mankos;
Sed vi libera estos aerido.
Ĉi tien de la Reĝa ŝip’ venigu
Ŝipestron kaj subestron ĉiam viglajn,
Maristojn ankaŭ sub ferdek’ dormantajn.
Tuj iru.
Arielo.
Mastro, mi l’ aeron glutos:
Eĉ antaŭ du pulsbatoj mi revenos.
(Foriras Arielo).
Gonzalo.
Turmento, peno, miro kaj mirego
Ĉi tie loĝas: ke ĉiela povo
Konduku nin el la insul’ terura!
Prospero.
La suferintan dukon de Milano,
Prosperon, nun rigardu, moŝta Reĝo!
Por pli ĉertigi ke vivanto princa
Al vi parolas, mi vin ĉirkaŭprenas:
Ĉar al vi kaj sekvantoj mi deziras
Bonvenon, kore!
Alonzo.
Ĉu Prosper’ vi estas,
Aŭ sorĉapero por min malinformi,
Ne povus nun mi diri: via pulso
Tre home batas certe: mi ekpensas
Ke, de l’ intervidiĝo nia lasta
Ĝis nun, posedas min frenezo ia. . . .
Ĉu ne postulas ĉio ĉi klarigon,
Rakonton strangan?—La dukecon vian
Forlasas mi, de vi nun peteganto!
Pardonu mian kulpon!—Sed, Prospero!
Ĉi tie kiel staras li—kaj vivas?
Prospero.
Unue, nobla maljunul’ Gonzalo,
Ke mi vin respektege ĉirkaŭprenu:
Honoro via estas netaksebla,
Eĉ senegala.
Gonzalo.
Ĉu ĉi tio estas?
Ĉu ne? Mi ne komprenas. . . .
Prospero.
Strangaĵecon
Insulnaskitan, vi ankoraŭ sentas;
Ĝi ne permesas al vi veron vidi.
Bonvenon koran al amikoj miaj!—
(Flanken al Sebastiano kaj Antonio).
Se tamen volus mi, kortega paro,
Malkaŝi perfidaĵon vian, vere
Sur vin sulkiĝus tuj la Reĝa brovo;
Sed mi silentos.
Sebastiano (flanken).
Li diable prava!
Prospero (al Antonio).
Vi, malbonulo, kiun frato’ nomi
Eĉ buŝon malpurigus, mi pardonas
Kulpegojn viajn tute, postulante
Ke al mi tuj duklandon vi redonu—
Sed tion nepre vi devige faros—
Alonzo.
Se estas vi Prosper’, al ni rakontu
Detale vian ĝis nun konserviĝon;
Klarigu tiun ĉi interrenkonton—
Ĉar de tri horoj nur, ni marirante
Suferis ŝippereon sur ŝtonbordo,
Kaj tie mi (kruela penso!) perdis
Karegan filon!
Prospero.
Tre mi vin kompatas!
Alonzo.
Neriparebla perdo! Pacienco
Kuraci ĝin ne povas.
Prospero.
Sed mi pensas
Ke vi ne tute petas ĝian helpon:
Al mi, por sama perdo, pacienco
Fariĝas kontenteco konsolanta.
Alonzo.
Ĉu vi ĵus dirus, “sama perdo”?
Prospero.
Sama,
Kaj ankaŭ tute nova. Elportebla
Por fari ĝin mi havas nur rimedojn
Ol viaj pli malfortajn, ĉar filinon
Ne antaŭ longe perdis mi.
Alonzo.
Filinon?
Ĉielo! kial, Reĝo kaj Reĝino,
En Neapolo nun ne estas ili?
Por okazigi tion, tre volonte,
Anstataŭ filo mia, sur marfundo
Mi kore enŝlimiĝus. Nu, filinon,
Ŝin kiam perdis vi?
Prospero.
En la Ventego,
Samtempe kiam vi la filon perdis.
Mi vidas ke tre miras vi, sinjoroj,
Pri tiu ĉi okaz’; vi preskaŭ dubas
L’ ateston de okuloj kaj oreloj;
Sed, kiel ajn vi provizore perdis
De l’ sentoj uzon, sciu nun ke certe
Prosper’ mi estas, mi la rajta duko,
Mi, kiu, forpelita el Milano
Atingis poste la insulon kies
Ĉefviro estas mi, sur kies bordo
Okazis via propra ŝippereo.
Sed tian ĉiutagan historion
Nek povus mi rakonti en kunsido,
Nek dum tagmanĝo. Nu! bonvenon, Reĝo,
Al la grotĉambro nur kortego mia.
Interne sekvantar’ nenia staras,
Ekstere ne subuloj: nun, rigardu!
Tuj, pro duklando kiun vi redonas,
Mi pagos vin per multa plibonaĵo:
Almenaŭ kontentigos vin la vido
Eĉ pli ol min duklando.
(La grotĉambro malfermiĝas kaj montras Ferdinandon kaj
Mirandon ŝakludantajn).
Mirando.
Vi friponas,
Karulo—
Ferdinando.
Ne, amata koro mia,
Por tuta mond’ ne volus mi falsludi.
Mirando.
Falsludi povus vi, por dudek regnoj,
Eĉ tiam dirus mi ke vi bonludas.
Alonzo.
Se estas tio nur insulapero
Karegan filon mi dufoje perdos.
Sebastiano.
Mirakl’ altega!
Ferdinando.
Kvankam muĝas l’ ondoj,
Kompaton havis ili: mi neprave
Malbenis ilin.
(Genufleksas al Alonzo).
Alonzo.
Ke plenkoraj benoj
De ĝoja patro vin ĉirkaŭu tute:
Leviĝu. Kiel vi ĉi tien venis?
Mirando.
Ho! miro! kiom da kreitoj belaj
Nun staras tie ĉi! homaro nobla!
Belega, nova!
Prospero.
Nova por vi, kara.
Alonzo (al Ferdinando).
Ŝin, kiu kun vi ĵus interŝakludis,
Al mi konigu—kvankam reciproke
Nur estas vi trihoraj gekonatoj—
Ĉu estas ŝi diin’ nin disiginta
Por nin reunuigi?
Ferdinando.
Ne, sinjoro;
Mortema ŝi; sed, per nemorta Povo,
Ŝi mia estas, de mi elektita
En tempo, kiam nek de vi permeson
Mi peti povis, nek vin pensis viva;
Filino de Milana fama duko—
—Tre ofte jam lin aŭdis mi laŭdatan,
De mi, ĝis nun, lin tamen nekonatan—
De kiu novan vivon mi ricevis:
Per kara fianĉino li fariĝas
Nun dua patro mia.
Alonzo.
Patro ŝia
Fariĝas mi.—Sed kiel strange ŝajnas
Pardonon peti de l’ infano mia!
Prospero.
Sinjoro, haltu tie: ni ne ŝarĝu
Memoron nian per la malbonaĵo
Feliĉe nun pasinta.
Gonzalo.
Mi interne
Ĵus tiel ĝoje ploris, ke pli frue
Ne povis mi paroli . . . Dioj povaj!
Rigardu, benu per duobla krono
Geprincojn niajn! Ĉar vi markis vojon
Por la interrenkonto!
Alonzo.
Amen! Estu!
Gonzalo.
Ĉu el Milan’ Prospero forpeliĝis
Por ke l’ idaro lia reĝe sidu
Sur Neapola trono? Estu ĝojaj!
Plej ĝojaj kiel eble! Tion skribu
En orleteroj sur kolonoj daŭraj.
Vojaĝo mira! edzon en Tuniso
Akiris Klaribel’; per ŝippereo
Edzinon ŝia frato Ferdinando
Feliĉe trovis; eĉ Prosper’ duklandon,
Kaj ĉiu el ni sin mem—jam perditan—
En insulet’ retrovas.
Alonzo (al Ferdinando kaj Mirando).
Viajn manojn
Al mi nun donu: doloriĝu koro
Ne deziranta al vi ĝojon.
Gonzalo.
Amen!
(Revenas Arielo kun ŝipestro kaj subestro tute miregante
sekvantaj lin).
Sinjoro! nun rigardu, el ni vivas
Pli multaj ol eĉ povus ni esperi!
Ĉu en la ŝipo mi ne antaŭdiris
Ke tia maltaŭgulo ne droniĝos
Se estas pendigilo apud bordo?
Marblasfemulo, tute vi silentas:
Ĉu landnovaĵon vi ne povas ĵuri?
Subestro.
Ke ni revidas Reĝon kaj sekvantojn,
Novaĵo la plej bona certe estas:
Nur tri sabloŝutiloj malpleniĝis
De l’ ŝipfendiĝo ĝis la nunminuto,
Sed, tute ŝnurarmita, nia ŝipo
Nun estas bele taŭga por mariri,
Kaj tia kia ĝi antaŭe estis.
Arielo (flanken al Prospero).
Sinjoro, mi plenumis tiun servon
Dum forestado mia.
Prospero (flanken al Arielo).
Mirestaĵo!
Alonzo.
Okazoj tiaj ne naturaj estas:
Eĉ ili pli kaj pli strangiĝas. Diru,
Ĉi tien kiel ambaŭ el vi venis?
Subestro.
Sinjoro, se mi nun ne malspritiĝos
Volonte al Vi mi sciigos tion . . .
Ni ĉiuj morte sentis nin dormemaj,
Kaj sub ferdek’ kuŝantaj . . . Bruegaĵo
Katena, bleka, muĝa, kaj kriega
El tiu loko nin terure vekis . . .
Liberaj tiam, ni mirege vidis
La reĝan, bonan, bravan ŝipon nian,
Ŝnuraĵigita kaj de nove taŭga.
Ŝipestro nia vigle, gaje kuris
Por ĝin rigardi—Sed, dum palpebrumo,
Nubiĝaj, sonĝe, ĉiujn ni forlasis . . .
Kaj tien ĉi veniĝis . . .
Arielo (flanken al Prospero).
Ĉu mi bone
Elfaris vian volon?
Prospero (flanken al Arielo).
Diligente!
Tuj estos vi libera!
Alonzo.
Labirinton
Similan viro ajn neniam paŝis;
Gvidil’ mirega, ol natur’ pli alta,
La tuton antaŭplanis. Orakolo
Nur povus ĝin klarigi.
Prospero.
Reĝa Moŝto,
Plu ne turmentu nun spiriton vian
Pri tiuj ĉi strangaĵoj . . . Libertempe.
Ne longe de nun, poste mi klarigos
Okazojn, kiujn eble vi aprobos:
Ĝis tiam, estu ĝoja, mi petegas.
(Flanken al Arielo) Spirito, venu: tuj nun liberigu
Eĉ Kalibanon kaj kunulojn liajn.
(Foriras Arielo).
Mi petas vin, ho Reĝo, kontentiĝu.
Ankoraŭ mankas kelke da sekvantoj,
Sed ilin vi kredeble ne memoras.
(Revenas Arielo enpuŝanta Kalibanon, Stefanon, kaj
Trinkulon, kiuj portas la ŝtelitan vestaĵon).
Stefano.
Ĉiu homo elturniĝu por la ceteraj, kaj neniu estu singardema, ĉar ĉio
estas nur ŝanco. Kuraĝe! monstregulo! kuraĝe!
Trinkulo.
Se kredindaj estas la spioniloj kiujn mi portas vizaĝe, jen estas bela
vidaĵo!
Kalibano.
Setebos! estas jen spiritoj gloraj!
Kaj kiel bela estas mia mastro!
Mi timas ke li min severe punos.
Sebastiano.
Ha, ha! sinjoro mia, Antonio,
Objektoj tiaj, diru, kiaj estas?
Ĉu aĉeteblaj?
Antonio.
Ili? Kompreneble,
Ĉar unu estas fiŝo, kaj vendebla.
Prospero.
La montron de la trio bone notu,
Sinjoroj. Ĉu honestaj ili ŝajnas?
De tiu malbelulo la patrino
Potenca sorĉistino tiel estis,
Ke ŝi la lunon povis eĉ kontroli,
Alfluon kaj forfluon vole fari,
Eĉ kontraŭ la lunpovo—Nun, triope,
Vestaĵon tiun ili de mi ŝtelis—
La duondiablido min mortigi,
Per helpo de kunuloj, jam intencis;
Du el maltaŭganaro vi mem konas:
Ĉi tiu mallumaĵo estas mia.
Kalibano.
Min morte pinĉos li!
Alonzo.
Kelisto mia,
Ĉu li drinkema estas ne Stefano?
Sebastiano.
Ebria nun, li kie ŝtelis vinon?
Alonzo.
Trinkulo mem de vino ŝanceliĝas:
El kie prenis ili la likvoron
Maturiĝantan en la maltaŭguloj?
Peklaĵon tian kio kaŭzis? Diru!
Trinkulo.
De l’ tempo de mia lasta renkonto kun Vi, mi troviĝis en tia peklaĵo,
ke kredeble ĝi neniam foriros el miaj ostoj: mi ne timos
muŝovĝermiĝon!
Sebastiano.
Nu! kion vi diras, Stefano?
Stefano.
Ne tuŝu min! Mi jam ne estas Stefano, sed nur streĉego!
Prospero.
Vi volus esti Reĝo de l’ insulo?
Stefano.
Doloran Reĝon havus do l’ insulo.
Alonzo (montrante Kalibanon).
Strangaĵon tian mi ĝis nun ne vidis!
Prospero.
Malbonkonduta estas li, Sinjoro,
Eĉ tiel kiel estas li malbela—
Vi tri, tuj iru en grotĉambron mian
Kaj bele ĝin balau kaj ornamu,
Pardonon mian se vi gajni volas.
Kalibano.
Mi certe volas. En la estonteco
Pli saĝa tute estos mi, kaj penos
Pardonon de la mastro por ricevi.
Ho triobleduobla mi azeno!
Por dio mi trinkulon tian prenis
Kaj malspritulon mi adoris!
Prospero.
Iru!
Alonzo.
For de ĉi tie kaj pakaĵon portu
Al ĝia loko—
Sebastiano.
Kie ĝin vi ŝtelis.
(Foriras Kalibano, Stefano, kaj Trinkulo).
Prospero.
Nun, Via Reĝa Moŝto, kaj sekvantoj,
Bonvolu tuj akcepti la gastamon
De simpla groto, kie vi ripozos
Ĉi tiun noktodaŭron. Tre rapide
La tempon ni pasigos: mi rakontos
Al vi la mian vivon, de l’ momento
En kiu la insulon mi atingis.
Matene morgaŭ vin mi kunkondukos
En vian ŝipon, poste Neapolon,
Ĉefurbon kie mi esperas vidi
De niaj gekaruloj la edziĝon,
Kaj fine, en Milano mia, vivos
Min pretiĝante por la tombo.
Alonzo.
Vere,
Mi tre deziras aŭdi la rakonton
De viaj aventuroj en l’ insulo:
Tre stranga devus esti.
Prospero.
Vi ĝin aŭdos:
Mi ĉion diros; mi al vi promesas
Kvietajn ondojn, tre facilajn ventojn,
Eĉ tian marveturon ke vi trafos
Ŝiparon vian kvankam malproksiman—
(Al Arielo) Vi, Arielo, tion tuj elfaros,
Birdeto kara, tiam, liberiĝu!
Adiaŭ, Ariel’!—(Al Alonzo kaj aliaj) Kun mi nun venu!
(Ĉiuj foriras).
Epilogo
parolata de Prospero
Nun magio plu ne estas:
Sola mi malforta restas.
Dum tri horoj, estas vere
Ke vi agis ne severe
Kun mi, duko de Milano
Kiun timis Kalibano.
Kiam ĉiujn mi pardonis,
Al mi vi aprobon donis:
Spite je la uzurpulo
Me ne restos en l’ insulo.
Neapolon tuj nin sendu;
Ne prokrastu, ne atendu.
Kun remmanoj de aplaŭdo,
Ankaŭ kun voĉventa laŭdo,
Brave helpu nin elfari
Nian celon sen erari.
Se petanta mi eĉ pekos,
Mi pardonon en vi vekos.
Preĝu por ni, ho popolo!
Ke ĉi tie eĉ ne colo
De malamo sin vidigu,
Nin, gefratoj, liberigu.
1623-1903
Nubkronaj Turoj
Sesparta Kanto de R.J. Stevens
El “La Ventego”
Adagio ne troa.
Nub-kronaj turoj, kaj luksaj pa-lacoj solen-aj sankte-joj Eĉ la
granda terglobo kaj ĝi-a tuten-havo
kaj luksaj pa-lac-oj solen-aj sanktejoj Eĉ la granda ter-globo kaj
ĝi-a tuten-havo
Nub-kronaj turoj, kaj luksaj pa-lac-oj solen-aj sanktejoj Eĉ la
granda terglobo kaj ĝi-a tuten-havo
mala-peros, si-mile al lud-sceno ne substanca, Ne lasos ili

strekon, ian strekon lasos ne!
mala-peros, si-mile al lud-sceno ne substanca, ian strekon lasos
ne!
mala-peros, si-mile al lud-sceno ne substanca, ian strekon lasos
ne!

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Auditing And Assurance Services In

Australia 6th Edition Louwers Test

A. identifying specific controls to rely on.

B. concluding that controls are ineffective.

C. performing tests of controls.

2. Obtaining an understanding of the internal control and assessing control risk:

A. may be performed concurrently in an audit.

C. is possible but not necessary in performing an audit.

D. are necessarily sequential audit steps.

3. The conclusion reached as a result of assessing control risk is referred to as the:

A. assurance provided by internal control.

A. determine whether the entity is a going concern.

C. ascertain whether irregularities are probable.

B. identifying specific internal controls relevant to specific assertions.

8. A primary purpose of internal controls is to:

A. form a basis for evaluating employees.

B. monitor production quality.

C. avoid clerical errors.

A. assess the risk of material misstatement and plan the audit.

A. Differences are always disclosed on a computer exception report.

C. inventory control clerk.

D. accounts receivable clerk.

A. reviewing and approving time reports for subordinate employees.

B. distributing payroll cheques to employees.

C. hiring subordinate employees.

D. initiating requests for salary adjustments for subordinate employees.

B. management is dominated by one individual.

A. management’s operating style.

B. access to computer programs.

D. human resource policies and practices.

A. the auditor’s assessment of control risk.

B. the auditor’s assessment of engagement risk.

D. the entity’s monitoring of the potential for material misstatements.

23 The internal control environment includes all of the following except:

B. management philosophy and operating style.

C. human resource policies and procedures.

A. prepare audit procedure manuals.

B. prepare detailed job descriptions.

D. assess the degree of accuracy of financial data.

A. preparation of generalised computer audit programs.

B. review of the client’s internal accounting controls.

C. use of statistical sampling in performing an audit.

D. performance of analytical procedures on account balances.

A. identify internal control weaknesses more prominently.

B. provide a visual depiction of clients’ activities.

C. indicate whether controls are operating effectively.

D. reduce the need to observe clients’ employees performing routine tasks.

B. Internal control questionnaires.

28 Walk-throughs usually involve all of the following audit procedures except:

A. Internal control policies or procedures are unlikely to be effective.

D. Internal control policies or procedures are unlikely to pertain to an assertion.

D. None of the given answers is correct.

B. the conclusion and the basis for that conclusion.

C. the implications for the overall audit strategy.

D. All of the given answers are correct.

B. update information contained in the organisation and procedure manuals.

D. determine the extent of compliance with quality control standards.

35 The following are steps in the audit process:

The most logical sequence of steps is:

A. conformity of the accounting records with the accounting standards.

B. representation as to adherence to requirements of management.

C. compliance with the auditing standards.

D. the fairness of the financial report presentation.