chapter25.docx

chapter25.docx

《chapter25.docx》由会员分享，可在线阅读，更多相关《chapter25.docx（28页珍藏版）》请在冰豆网上搜索。

chapter25

Chapter25

Multiple-ChoiceQuestions

1.

easy

d

ThestandardswhichgoverntheCPA’sassociationwithunauditedfinancialstatementsofprivatecompaniesarethe:

a.AICPA’sCodeofProfessionalConduct.

b.StatementsonAuditingStandards（SASs）.

c.StatementsofStandardsonAttestationEngagements（SSAEs）.

d.StatementsonStandardsforAccountingandReviewServices（SSARS）.

2.

easy

b

ThetwotypesofservicesprovidedinconnectionwiththeStatementsonStandardsforAccountingandReviewServicesare:

a.auditandexaminationservices.

b.compilationandreviewservices.

c.examinationandreviewservices.

d.managementadvisoryservicesandcompilations.

3.

easy

c

StatementsonStandardsforAttestationEngagementsareestablishedbythe:

a.SecuritiesandExchangeCommission.

b.PublicCompanyAccountingOversightBoard.

c.AuditingStandardsBoard.

d.AccountingandReviewServicesCommittee.

4.

easy

c

BecausethesameCPAfirmdoesboththeannualauditandthepubliccompanyinterimfinancialstatementreview,theyarereferredtoas_______.

a.bookkeepers

b.accountants

c.auditors

d.CPAs

5.

easy

b

PractitionerswhoperformreviewsandcompilationsarereferredtointheSSARSstandardsas:

a.bookkeepers.

b.accountants.

c.auditors.

d.CPAs.

6.

easy

c

A（n）_______resultsinaconclusionthatrepresentspositiveassurance.

a.review

b.compilation

c.examination

d.agreeduponprocedureengagement

7.

easy

a

Compilationreportsmaybeofallbutwhichofthefollowingtypes?

a.Compilationwithlimitedindependence.

b.Compilationwithfulldisclosure

c.Compilationwithoutindependence.

d.Compilationthatomitssubstantiallyalldisclosures.

8.

easy

c

Anexaminationresultsinaconclusionthatrepresents_______assurance.

a.limitedassurance

b.negative

c.positive

d.unequivocal

9.

easy

d

ACPAfirmcanissueacompilationreport:

a.onlyifthepartnersareindependent.

b.onlyifallthepartnersandthestaffintheofficeperformingtheengagementareindependent.

c.ifthepartnershavenomaterialordirectimmaterialinterestinclient.

d.evenifitisnotindependent.

10.

easy

b

Whichofthefollowingmeetstheattestationstandards’definitionofanexamination?

a.Preparingacorporation’sannualtaxreturns.

b.Anauditofthefinancialstatements.

c.Areviewofthefinancialstatements.

d.Acompilationofthefinancialstatements.

11.

easy

a

WhichofthefollowingwouldnotbeincludedinaCPA’sreportbaseduponareviewofthefinancialstatementsofanonpublicentity?

a.Astatementthatthereviewwasinaccordancewithgenerallyacceptedauditingstandards.

b.Astatementthatallinformationincludedinthefinancialstatementsistherepresentationofmanagement.

c.Astatementdescribingtheprincipalproceduresperformed.

d.Astatementdescribingtheauditor’sconclusionsbasedupontheresultsofthereview.

12.

easy

a

Thedistributionofwhichofthefollowingtypesofreportsisunrestricted?

a.Examinationsandreviews

b.Reviewsandagreed-uponprocedures

c.Examinationsandagreed-uponprocedures

d.Examinations,reviews,andagreed-uponprocedures

13.

easy

b

Thestatementthat“Nothingcametoourattentionwhichwouldindicatethatthesestatementsarenotfairlypresented”expresseswhichofthefollowing?

a.Disclaimerofanopinion.

b.Negativeassurance.

c.Negativeconfirmation.

d.Sharedopinion.

14.

Forreviews,anaccountantdoeswhichofthefollowing?

easy

d

Obtainanunderstandingofinternalcontrol.

Performtestsofcontrols.

Performtestsoftransactions.

a.

Yes

Yes

No

b.

Yes

No

Yes

c.

No

Yes

Yes

d.

No

No

No

15.

easy

b

AnauditorwhoconductsanexaminationinaccordancewithgenerallyacceptedauditingstandardsandconcludesthatthefinancialstatementsarefairlypresentedinaccordancewithacomprehensivebasisofaccountingotherthanGAAP,shouldissuea:

a.reviewreport.

b.specialreport.

c.qualifiedopinion.

d.disclaimerofopinion.

16.

medium

d

Specificattestationstandardshavebeendevelopedinallbutwhichofthefollowingareas?

a.Proformafinancialinformation.

b.Compliancewithlawsandregulations.

c.Prospectivefinancialstatements.

d.Standardshavebeendevelopedforalloftheabove.

17.

medium

a

Reportsonagreed-uponproceduresareintendedtobedistributed:

a.toonlytheinvolvedparties,whowouldhavetherequisiteknowledgeaboutthoseproceduresandthelevelofassuranceresultingfromthem.

b.toonlytheinvolvedparties,whowouldhavetherequisiteknowledgeaboutthoseproceduresbutnotthelevelofassuranceresultingfromthem.

c.toanypartytowhomtheclientwishes.

d.onlytothestockholdersoftheclient.

18.

medium

a

WhichofthefollowingisnotanareaofemphasisinareviewconductedundertheSSARS?

a.Testsofinternalcontrols.

b.Makeinquiriesofmanagement.

c.Obtainknowledgeoftheclient.

d.Obtainknowledgeoftheaccountingprinciplesandpracticesoftheclient’sindustry.

19.

medium

c

Distributionofwhichofthefollowingtypesofreportsislimited?

a.Audit

b.Review

c.Agreed-uponprocedures

d.Examination

20.

medium

c

Inwhichtypeofreportwouldyoureadthefollowingstatement:

“Webelievethatourexaminationprovidesareasonablebasisforouropinion.”?

a.Review

b.Audit

c.Examination

d.Agreed-uponprocedures

21.

medium

a

WhichofthefollowingformsofreviewarepermissibleunderSSARS?

a.Reviewwithoutpositiveassurance.

b.Reviewonfinancialstatementsthatomitsubstantiallyalldisclosures.

c.ReviewswithoutCPAindependence.

d.Reviewwithoutlimitedprocedures.

22.

medium

Evidenceforareviewengagementconsistsprimarilyof:

a

Inquiries

Analyticalprocedures

Testsofdetails

a.

No

Yes

No

b.

Yes

Yes

No

c.

No

No

Yes

d.

Yes

No

Yes

23.

medium

Whichofthefollowingservicesisperformedundertheattestationstandards?

a

WebTrust

SysTrust

a.

Yes

Yes

b.

No

No

c.

Yes

No

d.

No

Yes

24.（Public）

medium

b

TheSecuritiesandExchangeCommissionrequiresquarterlyfinancialinformationasapartofthe:

a.10-Kreport.

b.10-Qreport.

c.8-Kreport.

d.auditor’sreport.

25.（Public）

medium

d

ThequarterlyreportssubmittedtotheSECbytheclient:

a.havetobeauditedandtheCPAfirmmustbeidentified.

b.donothavetobeaudited,buttheCPAfirmwhichdoestheyear-endauditmustbeidentified.

c.havetobeaudited,buttheCPAfirmdoesnothavetobeidentified.

d.donothavetobeaudited,buttheCPAfirmwhichdoestheyear-endauditmustreviewthequarterlystatementsbeforetheyaresubmittedtotheSEC.

26.

medium

d

TheWebTrustservicerequiresthataCPAupdateitstestingofthee-commerceaspectsofaentity’sWebsiteatleastevery:

a.ninetydays.

b.month.

c.sixmonths.

d.twelvemonths.

27.

medium

b

Reportsondebtcomplianceandsimilarengagementsmaybeissuedasaseparatereportoraspartofareportthatexpressestheauditor’sopiniononthefinancialstatements.Whentheyareissuedasapartofthereportonthefinancialstatements,itisdoneby:

a.addingamiddleparagraphbeforetheopinionparagraph.

b.addingaparagraphaftertheopinionparagraph.

c.addinganadditionalphraseorsentencewithintheopinionparagraph.

d.addingaparagraphbetweentheintroductoryandscopeparagraphs.

28.

medium

a

AuditorsfrequentlyauditstatementsthatwerepreparedonacomprehensivebasisofaccountingotherthanGAAP.Whenthisoccurs:

a.generallyacceptedauditingstandardsapplytotheseengagementsandthereportingrequirementsdiffer.

b.generallyacceptedauditingstandardsapplytotheseengagementsandthereportingrequirementsarethesameaswell.

c.generallyacceptedauditingstandardsdonotapplytotheseexaminationsandthereportingrequirementsdifferalso.

d.generallyacceptedauditingstandardsdonotapplytothisengagementandthereportingrequirementsremainthesamefortheCPA.

29.

medium

d

WhichofthefollowingisnotastandardcontainedinboththeStatementonStandardsforAttestationEngagementsandtheStatementonAuditingStandards?

a.Theexaminationistobeperformedbyapersonhavingadequatetechnicaltraining.

b.Anindependenceinmentalattitudeistobemaintained.

c.Sufficientevidenceistobeobtained.

d.Thepractitionermustobtainasufficientunderstandingoftheclient’sinternalcontrol.

30.

medium

b

Whichofthefollowingisnotoneofthetypesofengagementsandrelatedformsofconclusionsthataredefinedbytheattestationstandards?

a.Reviews.

b.Compilations.

c.Examinations.

d.Agreed-uponprocedures.

31.

medium

a

Whichofthefollowingtypesofengagementreportswouldprovidepositiveassurance?

a.Anexamination.

b.Areview.

c.Anagreed-uponproceduresengagement.

d.Acompilation.

32.

medium

d

Whichofthefollowingisnotoneofthegeneraltypesofprospectivefinancialstatementsincludedintheattestationstandards?

Forecasts

Projections

Earningsestimates

a.

No

No

Yes

b.

No

Yes

No

c.

Yes

Yes

No

d.

Yes

No

Yes

33.

medium

c

Areportonanexaminationis_______astothedistributionbytheclientafteritisissued.

a.restricted

b.limited

c.unrestricted

d.directed

34.

medium

c

Whichareprospectivefinancialstatementsthatpresentanentity’sexpectedfinancialposition,resultsofoperations,andcashflows,tothebestoftheresponsibleparty’sknowledgeandbelief?

a

Forecasts

Projections

a.

Yes

Yes

b.