Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

ACCO 40133 Integrated Review Auditing and Assurance Principles First Evaluation Exam

9 Questions

1 Views

ACCO 40133 Integrated Review Auditing and Assurance Principles First Evaluation Exam

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does an auditor use to determine the sufficiency of information regarding interpretation of a contract?

Logical relationships between information and issues (correct)

Objective evaluations

The best obtainable information

Subjective judgements

At which levels are planning activities carried out in an audit?

Design tests of details of balances (correct)

Design substantive analytical procedures

Assess planned control risk

Assess inherent risk

In an assurance engagement, who performs the evaluation or measurement of the subject matter?

The auditor

The intended users

The responsible party (correct)

An independent third-party

In an assertion-based engagement, which statement is true?

The practitioner directly performs the evaluation or measurement of the subject matter Signup and view all the answers

Who are the major beneficiaries of an internal audit?

Both management and third-party users of the financial statements Signup and view all the answers

When planning an audit, what should an auditor consider?

Make preliminary judgments about materiality levels for audit purposes Signup and view all the answers

Once a client has been accepted, what should the firm consider regarding the engagement?

The subject matter is inappropriate Signup and view all the answers

What is required when performing a compilation engagement?

Assess internal controls Signup and view all the answers

What is the primary use of the audit risk model?

For planning purposes in determining how much evidence to accumulate Signup and view all the answers