Auditing試題

1、D 1. An auditor is performing substantive tests of transactions for sales. One step is to trace asample of debit entries from the accounts receivable master file back to the supporting duplicate sales invoices. What will the auditor intend to establish by this step?(1) Sales invoices represent exist

2、ing sales(2) All sales have been recorded(3)All sales invoices have been correctly posted to customer accounts(4) Debit entries in the accounts receivable master file are correctly supported by sales InvoicesB 2. Which audit procedure is most effective in testing credit sales for overstatement?(1) T

3、race a sample of postings from the sales journal to the sales account in the general ledger(2)Vouch a sample of recorded sales from the sales journal to shipping documents(3)Prepare an aging of accounts receivable(4)Trace a sample of initial sales orders to sales recorded in the sales journalB 3. Th

4、e accounting system will not post a sales transaction to the sales journal without a validbill of lading number.This control is most relevant to which transaction-related objective for sales?(1) Accuracy(3)Completeness(2)Occurrence(4) Posting and summarizationA 4. The accounting system automatically

5、 obtains the unit price based on scans of bar codes formerchandise sold. This control is most relevant to which transaction related objective for sales?(1)Accuracy(3)Completeness(2)Occurrence(4)Posting and summarizationD 5.An auditor uses assessed controI risk to(1)evaluate the effectiveness of the

6、entity's internal controls(2) identify transactions and account balances where inherent risk is at the maximum.(3) indicate whether materiality thresholds for planning and evaluation purposes are sufficientlyhigh(4)determine the acceptable level of detection risk for financial statement assertio

7、nsD 6.Which of the following dooes not increase the need for sufficient appropriate audit evidence?(1)A lower acceptable level of detection risk(2) An increase in the assessed control risk(3) A lower acceptable audit risk(4) A decrease in the assessed inherent riskA7. As lower acceptable levels of b

8、oth audit risk and materiality are established, the auditor should plan more work on individual accounts to(1)find smaller misstatements(2)find larger misstatements(3)Increase the performance materiality in the accounts(5) increase inherent risk in the accountsA 8. Based on evidence gathered and eva

9、luated, an auditor decides to increase the assessed levelofcontrol risk from that originally planned. To achieve an overall audit risk level that is substantially the same as the planned audit risk level, the auditor could(1)decrease detection risk(2)increase materiality levels(3) decrease substanti

10、ve testing(4)Increase inherent riskC 9.Some account balances,such as those for pensions and leases,are the result of complex calculations. The susceptibility to material misstatements in these types of accounts is defined as(1)audit risk(2)detection risk(3) inherent risk(4)sampling riskD10. As the a

11、cceptable level of detection risk decreases, the auditor may do one or more ofthe following except change the(1)nature of audit procedures to more eftective procedures(4) timing of audit procedures, by perhaps performing them at year-end rather than an interim date(5) extent of audit procedures, by

12、perhaps using larger sample sizes(4)assurances provided by audit procedures to a lower levelC11. Inherent risk and control risk dififfer from planned detection risk in that they(1) arise from the misapplication of auditing procedures(2) may be assessed in either quantitative or nonquantitative terms

13、(3)exist independently of the financial statement audit(4) can be changed at the auditor's discretion12. Which of the following will most likely indicate the existence of related parties(1)Writing down obsolete inventory prior to year end(2)Failing to correct deficiencies in the client's int

14、ernal control(3) An unexplained increase in gross margin(4) Borrowing money at a rate significantly below the market rate13.Analytical procedures used in planning an audit should focus on identifying(1)material weaknesses in internal control(2)the predictability of financial data from individual tra

15、nsactions(3) the various assertions that are embodied in the financial statements.(4) areas that may represent specific risks relevant to the auditC 14. Which of the following is not a primary purpose of audit documentation?(1) To coordinate the audit(2) To assist in preparation of the audit report(

16、3)To support the financial statements(4) To provide evidence of the audit work performedB 15. Which of the following types of documentary evidence should the auditor consider to be the most reliable?1) A sales invoice issued by the client and supported by a delivery receipt from an outside trucker(2

17、)Confirmation of an account payable balance mailed by and returned directly to the auditor(3)A check, issued by the company and bearing the payee's endorsement, that is included withthe bank statements mailed directly to the auditor(4)An audit schedule prepared by the client's controller and

18、 reviewed by the client's treasurerD16.Audit evidence can come in different forms with different degrees of persuasiveness Whichof the following is the least persuasive type of evidence(1)Vendor's invoice(2) Bank statement obtained from the client(3) Computations made by the auditor(4)Prenum

19、bered sales invoicesC 17.Which of the following presumptions is correct about the reliability of audit evidence (1)Information obtained indirectly from outside sources is the most reliable audit evidence(2) To be reliable, audit evidence should be convincing rather than merely persuasive(3)Reliabili

20、ty of audit evidence refers to the amount of corroborative evidence obtained(4) Effective internal control provides more assurance about the reliability of audit evidenceB 18. In the audit of accounts payable, an auditor's procedures will most likely focus primarily on management's assertion

21、 about account balances of(1)existence(2) completeness(3) valuation and allocation(4) classification and understandability.A19.An auditor reviews aged accounts receivable to assess likelihood of collection to support management's assertion about account balances of(1) existence(2)completeness(3)

22、 valuation and allocation(4)rights and obligationsB20. An auditor will most likely review an entity's periodic accounting for the numerical sequenceof shipping documents to ensure all documents are included to support management's assertion about classes of transactions of(1)occurrence.(2) c

23、ompleteness(3)accuracy(4)classitication821) What assurance does the auditor provide that errors and fraud that are material to thefinancial statements will be detected?Errors.Fraud(1)Limited.Negative(2)Reasonable.Reasonable(3)Limited.Limited(4)Reasonable.LimitedA 22.The major reason an independent a

24、uditor gathers audit evidence is to1)form an opinion on the financial statements(2)detect fraud(3)evaluate management4)assess control riskA 23. Anindependent auditor has the responsibility to design the audit to provide reasonable assurance of detecting errors and fraud that might have a material ef

25、fect on the financial statements. Which of the following, if material, is afraud as defined in auditing standards(1)Misappropriation of an asset or groups of assets822) Clerical mistakes in the accounting data underlying the financial statements(3)Mistakes in the application of accounting principles

26、(4)Misinterpretation of facts that existed when the financial statements were prepared24.Which of the following best describes the reason why an independent auditor reports on financial statements(1)A misappropriation of assets may exist, and it is more likely to be detected by independentauditors(2

27、) Different interests may exist between the company preparing the statements and the personsusing the statements(3)A misstatement of account balances may exist and is generally corrected as the result of theindependent auditor's work(4)Poorly designed internal controls may be in existenceC 25. B

28、ecause of the risk of material misstatement, an audit should be planned and performedwith anattitude of(1) objective judgment.(3)rofessional skepticism(2) independent integrity. (4)impartial conservatismA 26. An entity changed from the straight-line method to the declining-balance methodof depreciation for all newly acquired assets. This change has no material etfect onthe current year's financial statements but is reasonably certain to have a substantialeffect in later ye