Stichworte ICFR audit

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Stichworte: ICFR audit

Which of the following groups could not be involved in an operational audit?

Which of the following groups could not be involved in an operational audit?

Which of the following is not a benefit of using it to solve audit problems?

Which of the following is not a benefit of using it to solve audit problems?

A CPA should not decide not to accept a new client for an audit engagement if

A CPA should not decide not to accept a new client for an audit engagement if

Industry analysis is also referred to as external strategic management audit.

Industry analysis is also referred to as external strategic management audit.

The risk of material misstatement is composed of which audit risk components?

The risk of material misstatement is composed of which audit risk components?

Documentation of history of drug, alcohol and/or tobacco use is considered part of the _____.

Documentation of history of drug, alcohol and/or tobacco use is considered part of the _____.

When developing the annual audit plan and reviewing risk assessment priorities

When developing the annual audit plan and reviewing risk assessment priorities

Which of the following is a responsibility of management as outlined in the engagement letter?

Which of the following is a responsibility of management as outlined in the engagement letter?

Which of the following merchant levels requires an annual onsite audit and quarterly network scans?

Which of the following merchant levels requires an annual onsite audit and quarterly network scans?

When financial statements are not fairly presented the auditor will issue a n opinion?

When financial statements are not fairly presented the auditor will issue a n opinion?

Which of the following sections references the requirement of auditors to be independent

Which of the following sections references the requirement of auditors to be independent

Who is responsible for the system of internal control over financial reporting?

Who is responsible for the system of internal control over financial reporting?

Which of the following are responsibilities of the Chief Audit Executive CAE )?

Which of the following are responsibilities of the Chief Audit Executive CAE )?

Which of the following is included as part of the aicpas principles governing an audit?

Which of the following is included as part of the aicpas principles governing an audit?

At the conclusion of the audit, the wrap-up process involves all of the following except:

At the conclusion of the audit, the wrap-up process involves all of the following except:

Which of the following audit procedures is the most efficient at detecting unrecorded liabilities at the statement of financial position date?

Which of the following audit procedures is the most efficient at detecting unrecorded liabilities at the statement of financial position date?

At a minimum how often should the skills of the internal audit staff be assessed

At a minimum how often should the skills of the internal audit staff be assessed

When in the course of an audit might the auditors find it useful to apply analytical procedures?

When in the course of an audit might the auditors find it useful to apply analytical procedures?

What are the factors an auditor will consider before accepting an audit assignment?

What are the factors an auditor will consider before accepting an audit assignment?

ISA 250 Consideration of laws and regulations in an audit of financial statements

ISA 250 Consideration of laws and regulations in an audit of financial statements

Which of the following is one of the procedures in the planning phase of an audit?

Which of the following is one of the procedures in the planning phase of an audit?

A consideration of internal control made during an audit is usually not sufficient

A consideration of internal control made during an audit is usually not sufficient

Under what circumstances is an explanatory paragraph be added to the audit report?

Under what circumstances is an explanatory paragraph be added to the audit report?

Which of the following is considered as an audit objectives in the audit of banks?

Which of the following is considered as an audit objectives in the audit of banks?

Which service is not permitted for an SEC audit client and its downward affiliates

Which service is not permitted for an SEC audit client and its downward affiliates

The approach an is auditor should use to plan is audit coverage should be based on:

The approach an is auditor should use to plan is audit coverage should be based on:

What is being tested when during completion of the audit the audit partner conducts a final review of the format of the entitys financial report?

What is being tested when during completion of the audit the audit partner conducts a final review of the format of the entitys financial report?

Under government auditing standards, the report on a financial statement audit should

Under government auditing standards, the report on a financial statement audit should

During which stages of the audit are auditors required to exhibit professional skepticism

During which stages of the audit are auditors required to exhibit professional skepticism

Which of the following items makes computer assisted audit techniques CAAT important to an auditor?

Which of the following items makes computer assisted audit techniques CAAT important to an auditor?

Which selecting audit procedures an IS auditor should use professional Judgement to ensure that?

Which selecting audit procedures an IS auditor should use professional Judgement to ensure that?

The extended SEC afs procedures will apply to non audit service engagements where the client is

The extended SEC afs procedures will apply to non audit service engagements where the client is

Which of the following audit tests would most likely be used to test occurrence assertion for payroll transactions?

Which of the following audit tests would most likely be used to test occurrence assertion for payroll transactions?

The number of failed logon attempts that trigger an account action is called an audit logon event.

The number of failed logon attempts that trigger an account action is called an audit logon event.

When selecting audit procedures, an IS auditor should use professional judgment to ensure that

When selecting audit procedures, an IS auditor should use professional judgment to ensure that

Which of the following is a primary objective of embedding an audit module while developing online application system?

Which of the following is a primary objective of embedding an audit module while developing online application system?

Which audit data collection method helps ensure that the information gathering process covers all relevant areas?

Which audit data collection method helps ensure that the information gathering process covers all relevant areas?

Which intrusion detection approach involves defining thresholds for the frequency of various events?

Which intrusion detection approach involves defining thresholds for the frequency of various events?

Describe the elements of quality control policies and procedures at individual audit level

Describe the elements of quality control policies and procedures at individual audit level

What is the IFAC Code of professional conduct if a client company has not paid its 2006 audit fees

What is the IFAC Code of professional conduct if a client company has not paid its 2006 audit fees

Principles underlying an audit conducted in accordance with generally accepted auditing standards

Principles underlying an audit conducted in accordance with generally accepted auditing standards

What are 1 the function and 2 the responsibilities of the independent auditor in the audit of financial statements?

What are 1 the function and 2 the responsibilities of the independent auditor in the audit of financial statements?

Which of the following documentation is required for an audit in accordance with generally accepted auditing standards *?

Which of the following documentation is required for an audit in accordance with generally accepted auditing standards *?

Which of the following are elements included in the control environment described in the COSO internal control framework?

Which of the following are elements included in the control environment described in the COSO internal control framework?

Which of the following tax services will not impair independence with respect to an audit client

Which of the following tax services will not impair independence with respect to an audit client

When performing a financial type of audit for a governmental entity auditors generally do not report on?

When performing a financial type of audit for a governmental entity auditors generally do not report on?

What factors affect the auditors judgment of the type and content of the audit documentation for a particular engagement?

What factors affect the auditors judgment of the type and content of the audit documentation for a particular engagement?

When planning an audit which of the following is not a factor that affects auditors decision about the quantity type and content of audit documentation?

When planning an audit which of the following is not a factor that affects auditors decision about the quantity type and content of audit documentation?

Which of the following statement is generally correct about their reliability of audit evidence?

Which of the following statement is generally correct about their reliability of audit evidence?

What are the three components of the internal audit value proposition set forth by the IIA?

What are the three components of the internal audit value proposition set forth by the IIA?

Benchmarking is one source of evaluation criteria for completing an operational audit.

Benchmarking is one source of evaluation criteria for completing an operational audit.

According to the standards which of the following is not a responsibility of the audit committee

According to the standards which of the following is not a responsibility of the audit committee

When performing an operational audit, the internal audit team must first determine that

When performing an operational audit, the internal audit team must first determine that

When a final engagement communication contains a significant error the Standards require the chief audit executive to?

When a final engagement communication contains a significant error the Standards require the chief audit executive to?

While expressing a qualified opinion, which of the following phrases is appropriate to use.

While expressing a qualified opinion, which of the following phrases is appropriate to use.

Acting for an audit client in the resolution of a dispute or litigation would most likely create

Acting for an audit client in the resolution of a dispute or litigation would most likely create

The objective of the ordinary audit of financial statements is the expression of an opinion on

The objective of the ordinary audit of financial statements is the expression of an opinion on

Which of the following procedures would an auditor most likely perform when planning an audit?

Which of the following procedures would an auditor most likely perform when planning an audit?

What type of audit evidence would most likely be used to verify the existence of fixed assets?

What type of audit evidence would most likely be used to verify the existence of fixed assets?

An independent audit adds value to the communication of financial information because the audit

An independent audit adds value to the communication of financial information because the audit

An element of authority that should be included in the charter of the internal audit activity is

An element of authority that should be included in the charter of the internal audit activity is

Which of the following is considered a major reason for establishing an internal audit function?

Which of the following is considered a major reason for establishing an internal audit function?

When auditor sample for tests of details of balances the objective is to determine whether the?

When auditor sample for tests of details of balances the objective is to determine whether the?

Which of the following factors most likely would cause a cpa not to accept a new audit engagement?

Which of the following factors most likely would cause a cpa not to accept a new audit engagement?

Which of the following is a function of the internal audit activity in organizational governance?

Which of the following is a function of the internal audit activity in organizational governance?

The audit of the acquisition and payment cycle often takes ____ time to audit than other cycles.

The audit of the acquisition and payment cycle often takes ____ time to audit than other cycles.

The audit team gathers information about a new clients business and industry in order to obtain

The audit team gathers information about a new clients business and industry in order to obtain

Who among the following has primary responsibility for the quality and performance of a specific audit engagement?

Who among the following has primary responsibility for the quality and performance of a specific audit engagement?

What audit procedures could auditors perform that might detect unrecorded retirements of property, plant, and equipment?

What audit procedures could auditors perform that might detect unrecorded retirements of property, plant, and equipment?

What should external auditors consider when deciding whether to rely on the work of internal auditors?

What should external auditors consider when deciding whether to rely on the work of internal auditors?

Which one of the following responsibilities is the responsibility of the internal audit department?

Which one of the following responsibilities is the responsibility of the internal audit department?

Which one of the following options represents the proper Organisational role of internal auditing?

Which one of the following options represents the proper Organisational role of internal auditing?

When using sampling for tests of controls, which of the following audit consequences may follow?

When using sampling for tests of controls, which of the following audit consequences may follow?

Which of the following audit procedures is best for identifying and recorded trade accounts payable?

Which of the following audit procedures is best for identifying and recorded trade accounts payable?

When obtaining an understanding of internal control relevant to planning of a financial statement audit the auditor should obtain adequate knowledge about the?

When obtaining an understanding of internal control relevant to planning of a financial statement audit the auditor should obtain adequate knowledge about the?

Which of the following audit procedure is best for identifying unrecorded trade accounts payable?

Which of the following audit procedure is best for identifying unrecorded trade accounts payable?

In which of the following situations would an auditor ordinarily issue an unqualified unmodified financial statement audit opinion with no explanatory paragraph?

In which of the following situations would an auditor ordinarily issue an unqualified unmodified financial statement audit opinion with no explanatory paragraph?

Which one of the following is the best and most reliable example of evidence when auditing assets or liabilities?

Which one of the following is the best and most reliable example of evidence when auditing assets or liabilities?

Why inventory stock valuation and the year end inventory count are important to the audit of financial statements?

Why inventory stock valuation and the year end inventory count are important to the audit of financial statements?

Which of the following statement regarding the standard unmodified opinion audit report is correct?

Which of the following statement regarding the standard unmodified opinion audit report is correct?

In which of the following circumstances is an auditor most likely to express a disclaimer of opinion?

In which of the following circumstances is an auditor most likely to express a disclaimer of opinion?

Under what circumstances would an auditor give an adverse opinion on the effectiveness of an entitys ICFR?

Under what circumstances would an auditor give an adverse opinion on the effectiveness of an entitys ICFR?

Which of the following is not a role of the risk assessment in an integrated audit of a nonissuer?

Which of the following is not a role of the risk assessment in an integrated audit of a nonissuer?

Internal audit resources should be appropriate, sufficient, and effectively deployed. consequently,

Internal audit resources should be appropriate, sufficient, and effectively deployed. consequently,

Which one of the following activities is designed to provide feedback on the effectiveness of an internal audit department?

Which one of the following activities is designed to provide feedback on the effectiveness of an internal audit department?

When auditor is willing to accept smaller level of tolerable error then the sample size needs to be?

When auditor is willing to accept smaller level of tolerable error then the sample size needs to be?

Which of the following matters is an auditor required to communicate to those charged with governance audit committees at the conclusion of the audit?

Which of the following matters is an auditor required to communicate to those charged with governance audit committees at the conclusion of the audit?

Which of the following statements is correct concerning an auditors required communication with the audit committee?

Which of the following statements is correct concerning an auditors required communication with the audit committee?

Which statement is correct concerning the relevance of various types of control to a financial audit?

Which statement is correct concerning the relevance of various types of control to a financial audit?

When designing audit procedures the auditor should determine the appropriate means of selecting items for testing?

When designing audit procedures the auditor should determine the appropriate means of selecting items for testing?

Which of the following statements would an auditor most likely require management to indicate in a written representation letter obtained for an audit?

Which of the following statements would an auditor most likely require management to indicate in a written representation letter obtained for an audit?

What information should a successor auditor obtain during the inquiry of the predecessor auditor prior to acceptance of the audit?

What information should a successor auditor obtain during the inquiry of the predecessor auditor prior to acceptance of the audit?

Which of the following documentation is not required for an audit in accordance with auditing standards?

Which of the following documentation is not required for an audit in accordance with auditing standards?

What is the purpose of an auditor reporting on the effectiveness of internal control over financial reporting?

What is the purpose of an auditor reporting on the effectiveness of internal control over financial reporting?

Which of the following statements is incorrect regarding auditor’s consideration in audit of banks?

Which of the following statements is incorrect regarding auditor’s consideration in audit of banks?

Which of the following statements is correct concerning materiality in a financial statement audit?

Which of the following statements is correct concerning materiality in a financial statement audit?

Which of the following statements is most correct regarding the primary purpose of audit procedures?

Which of the following statements is most correct regarding the primary purpose of audit procedures?

Which of the following audit procedures should auditors ordinarily perform regarding subsequent events?

Which of the following audit procedures should auditors ordinarily perform regarding subsequent events?

Which of the following procedures should an auditor most likely include in the planning of an audit of financial statements?

Which of the following procedures should an auditor most likely include in the planning of an audit of financial statements?

Which of the following analytical procedures most likely would be used during the planning stage of an audit?

Which of the following analytical procedures most likely would be used during the planning stage of an audit?