Auditing & Attestation Mini Exam 23 — AUD — Auditing & Attestation Mini Exams

Questions in this quiz (10)

1. Which of the following is NOT typically included in audit documentation?

   • Audit procedures performed.
   • Evidence obtained.
   • Auditor's conclusions.
   • Client's marketing strategy.

2. During an audit, no confirmation is received. What should the auditor do?

   • Assume correct.
   • Perform alternative procedures.
   • Ignore it.
   • Issue opinion.

3. What defines sufficient appropriate audit evidence?

   • Only external evidence.
   • Adequate quantity and quality.
   • Detailed only.
   • Documented only.

4. Reviewing contracts is what type of procedure?

   • Observation
   • Inspection
   • Inquiry
   • Recalculation

5. What drives audit procedures planning?

   • Client preference
   • Risk assessment
   • Schedule
   • Marketing

6. What reduces reliability of internal evidence?

   • Independent review
   • Controlled system
   • Prepared by involved staff
   • External support

7. Confirmations test which assertion?

   • Existence
   • Completeness
   • Valuation
   • Presentation

8. Observation evidence example?

   • Confirming balances
   • Reviewing contracts
   • Watching inventory count
   • Recomputing

9. Depreciation schedules test which assertion?

   • Existence
   • Completeness
   • Valuation
   • Rights

10. What is sufficient appropriate audit evidence?

    • Only external
    • Enough quality & quantity
    • Only documented
    • Only detailed