Matters Require Special Consideration

Question 1

Refusal of clients attorney to provide information requested in an inquiry letter generally is considered:

Answer 1

A limitation on the scope of the audit

Question 2

In evaluating accounting estimates one of auditor’s objectives is to determine whether the estimates are:

Answer 2

Reasonable under circumstances

Question 3

Which of the following is NOT a procedure the auditor would use in evaluating the reasonabless of an accounting estimates?

Answer 3

Confirm via management rep letter that management disclosed all estimates

Question 4

The scope of audit is NOT restricted when attorney response to an auditor as a result of clients letter inquiry limits the response to:

Answer 4

Matters to which attorney has given substantive attention

Question 5

If auditor concludes there is a substantial doubt in ability to continue as a going consern the disclose may include

Answer 5

Disclaimer of opinion / NOT Except for qualified opinion

Question 6

Which is NOT an example of deficiency in the design of internal controls that may be a significant deficiency of material weakness?

Answer 6

An observed deviation rate that exceeds the auditor’s expected rate

Question 7

Which is not considered evidence of failure in the operation of internal controls?

Answer 7

Insufficient control consciousness is deficiency of design of control

Question 8

Which of the following is not entity-level control?

Answer 8

Periodic comparison of actual assets with accounting records

Question 9

When performing integrated audit auditor is not responsible for

Answer 9

Obtaining sufficient evidence to support an opinion about the effectiveness of each individual control