Exam 1: CPA Auditing and Attestation Exam

Which of the following situations would not result in restricted use language being included in an auditor's special report?

Which of the following professional services would be considered an attestation engagement?

Mailing disbursement checks and remittance advices should be controlled by the employee who:

Tracing shipping documents to prenumbered sales invoices provides evidence that:

An auditor's program to examine long-term debt should include steps that require:

The auditor's inventory observation test counts are traced to the client's inventory listing to test for which of the following financial statement assertions?

Which of the following factors most likely would heighten an auditor's concern about the risk of fraudulent financial reporting?

The existence of audit risk is recognized by the statement in the auditor's standard report that the:

The most likely result of ineffective internal control policies and procedures in the revenue cycle is that:

Which of the following events occurring in the year under audit would most likely indicate that internal controls utilized in previous years may be inadequate in the year under audit?

To establish the existence and ownership of a long-term investment in the common stock of a publiclytraded company, an auditor ordinarily performs a security count or:

When there has been a change in accounting principle that materially affects the comparability of the comparative financial statements presented and the auditor concurs with the change, the auditor should:

Because of the pervasive effects of laws and regulations on the financial statements of governmental units, an auditor should obtain written management representations acknowledging that management has:

When an accountant examines a financial forecast that fails to disclose several significant assumptions used to prepare the forecast, the accountant should describe the assumptions in the accountant's report and issue a (an):

Which of the following is not an example of the application of professional skepticism?

An auditor would be most likely to identify a contingent liability by obtaining a (an):

In planning an audit of a new client, an auditor most likely would consider the methods used to process accounting information because such methods:

When a client company does not maintain its own stock records, the auditor should obtain written confirmation from the transfer agent and registrar concerning:

Analytical procedures performed in the final review stage of an audit generally would include:

The information below was taken from the bank transfer schedule prepared during the audit of Fox Co.'s financial statements for the year ended December 31, 20X1. Assume all checks are dated and issued on December 30, 20X1. Which of the following checks illustrate deposits/transfers in transit at December 31, 20X1?