Options:
| a) Make constructive suggestions concerning improvements to the client’s internal control system. b) Evaluate the appropriateness of audit evidence obtained c) Under stand the events and transactions that may have an effect on client’s financial statements. d) All of the above. |
c) Under stand the events and transactions that may have an effect on client’s financial statements.
Options:
| a) Availability of audit assistants with necessary skill and competence. b) Provision of other services to the client which may impair independence c) Predecessor auditor’s advice as to whether audit fees were paid promptly d) Review of audit work done by one partner by the other |
c) Predecessor auditor’s advice as to whether audit fees were paid promptly
Options:
| a) Visit location on surprise basis to observe test counts b) Request inventory count at a date close to year-end c) Vouch goods sent on approval very carefully d) Perform analytical procedures. |
a) Visit location on surprise basis to observe test counts
Options:
| a) The company is planning a initial public offer of quality shares to raise additional capital for expansion. b) Bank reconciliation statement includes deposits-in-transit. c) Plant and machinery is sold at a loss. d) The company has made political contributions. |
a) The company is planning a initial public offer of quality shares to raise additional capital for expansion.
Options:
| a) The auditor should express an opinion on financial statements. b) His opinion is no guarantee to future viability of business c) He is responsible for detection and prevention of frauds and errors in financial statements d) He should examine whether recognised accounting principle have been consistently |
c) He is responsible for detection and prevention of frauds and errors in financial statements
Options:
|
a. Premiums are payable throughout the insured’s lifetime/coverage lasts until death of the insured
Options:
|
d. Premiums are payable for as long as there is insurance coverage in force
Options:
| a. boys who play violent video games become more aggressive, but girls do not b. girls who play violent video games become more aggressive, but boys do not c. violent video games have no connection to aggressive behavior d. violent video games lead to an increase in aggressive thought and behavior |
d. violent video games lead to an increase in aggressive thought and behavior
Options:
| a. Technology should not be subject to patenting. b. Technology and the media evolve together. c. Technology can be traced back to the early stages of human society. d. A breakthrough in one form of technology leads to a number of variations, and technological developments. |
d. A breakthrough in one form of technology leads to a number of variations, and technological developments.
Options:
| a. Rates of violent and nonviolent crimes are decreasing. b. Rates of violent crimes are decreasing, but there are more nonviolent crimes now than ever before. c. Crime rates have skyrocketed since the 1970s due to lax corrections laws. d. Rates of street crime have gone up, but corporate crime has gone down. |
a. Rates of violent and nonviolent crimes are decreasing.
Options:
| a. The NCVS doesn’t include demographic data, such as age or gender. b. The NCVS may be unable to reach important groups, such as those without phones. c. The NCVS doesn’t address the relationship between the criminal and the victim. d. The NCVS only includes information collected by police officers |
b. The NCVS may be unable to reach important groups, such as those without phones.
Options:
| a. Rates of violent and nonviolent crimes are decreasing. b. Rates of violent crimes are decreasing, but there are more nonviolent crimes now than ever before. c. Crime rates have skyrocketed since the 1970s due to lax corrections laws. d. Rates of street crime have gone up, but corporate crime has gone down. |
a. Rates of violent and nonviolent crimes are decreasing.