13. Which of the following factors would most likely cause a CPA to decidenotto accept a new auditengagement?A.Lack of understanding of the potential client's internal auditors' computer-assisted audit techniques.B.Management's disregard for internal control.C.The existence of related party transactions.D.Management's attempt to meet earnings per share growth rate goals.
Difficulty: Hard14. Which of the following matters is generally included in an auditor's engagement letter?
Get answer to your question and much more
Difficulty: Hard15. Which of the following would heighten an auditor's concern about the risk of fraudulent financialreporting?
Get answer to your question and much more
Difficulty: HardSource: AICPA16. To best test existence, an auditor would sample from the:
Get answer to your question and much more
Difficulty: Medium17. The auditors' understanding established with a client should be established through a(an)A.Oral communication with the client.B.Written communication with the client.C.Written or oral communication with the client.D.Completely detailed audit plan.
Notes
This preview shows page 3 - 6 out of 25 pages.
13. Which of the following factors would most likely cause a CPA to decidenotto accept anew audit engagement?A.Lack of understanding of the potential client's internal auditors' computer-assisted audittechniques.B.Management's disregard for internal control.C.The existence of related party transactions.D.Management's attempt to meet earnings per share growth rate goals.
Chapter 06 - Audit Planning, Understanding the Client, Assessing Risks, and Responding14. Which of the following matters is generally included in an auditor's engagement letter?
Get answer to your question and much more
Difficulty: Hard15. Which of the following would heighten an auditor's concern about the risk of fraudulentfinancial reporting?
Get answer to your question and much more
Difficulty: HardSource: AICPA16. To best test existence, an auditor would sample from the:
Get answer to your question and much more
Difficulty: Medium17. The auditors' understanding established with a client should be established through a(an)A.Oral communication with the client.B.Written communication with the client.C.Written or oral communication with the client.D.Completely detailed audit plan.
Chapter 06 - Audit Planning, Understanding the Client, Assessing Risks, and Responding18. Which of the following would beleastlikely to be considered an audit planningprocedure?
Get answer to your question and much more
Difficulty: Medium19. While assessing the risks of material misstatement auditors identify risks, relate risk towhat could go wrong, consider the magnitude of risks and
Get answer to your question and much more
Upload your study docs or become a
Course Hero member to access this document
Upload your study docs or become a
Course Hero member to access this document
End of preview. Want to read all 25 pages?
Upload your study docs or become a
Course Hero member to access this document
Tags
Financial audit, Assessing Risks