CPA Exam Flashcards

Description

CPA Exam Sample Questions on handy Flashcards
joemontin
Flashcards by joemontin, updated more than 1 year ago
joemontin
Created by joemontin over 9 years ago
2064
14

Resource summary

Question Answer
What is the objective of the reporting standard relating to consistency? To give assurance that all comparability of F/S between periods has not been materially affected by changes in accounting principles without disclosure.
If the auditor believes that required disclosures of a significant nature are omitted from the financial statements under examination, the auditor should decide between issuing Qualified opinion or an adverse opinion.
When the report of a principal auditor makes reference to the audit by another auditor, the other auditor may be named if express permission to do so is given and if The report of the other auditor is presented together with the report of the principal auditor.
An auditor's opinion reads as follows: "In our opinion, except for the above-mentioned scope limitation..." This is an example of a (an) Unacceptable reporting practice.
When a client will not make essential corporate minutes available to the auditor, the audit report will probably contain a(an) Disclaimer of opinion.
Show full summary Hide full summary

Similar

CPA Exam Topics and breakdown
joemontin
CPA Exam Sample Questions Pt. 1
nedtuohy
Chapter One: Introduction to Accounting
charlotte.power9
INSOLVENCY
Nadzeera Afiqah
Adv Managerial Acct - Business Environment
turquoise_cat
cima. F1
beth auerbach
PRINCE 2
giugam
CHAPTER 1 The Different Purposes of Organisations
Wayne Louwrens
Porter 5 Forces
giugam
Accounting Definitions
Tess Morris
Accounting I - Objective 2 Keller
Kathleen Keller