9. Matching TypePORORIDCTIV Column 21. Auditor's reportColumn 1a. Independent auditingb. Protection of investors2. PICPA memberC. Encourage adherenced. Safeguard of assetsPromote operational efficiencyCheck reliability of accounting recordsg. Prof. Armando Bo, CPAh. Accountant of Jollibee, CPA3. ACPAE member4. ACPACI membere.5. ACPAPP memberf.6. Accounting control7. Administrative control8. Compliance auditing9. General audit10. Special audit11. Auditing guidelines12. Authoritative accounting supporti.COA Commissioner, CPAj. Roque & Roque, CPAk. Compilation of financial statemeñis1.Review of financial statementsm. Reliable financial statements13. Internal controln. Testing and sampling14. Audited financial statementso. PFRS15. SECp. PSAq. Detailed audit16. Service rendered by CPAS17. Auditing techniques18. Auditing procedures19. Internal auditingr.Test audits. Operational auditingBIR auditingt.20. None of these

Auditing is an important function for every organization. It will be undertaken by Certified Public…

Answered: 9. Matching Type Column 1 a.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

25 As the process of auditing is involves many stages as per ISA, the auditor after setting up a closing meeting submits the final audit report to ___________in___________ a. Owners, AGM b. The chief Accountant, AGM c. The chief Executive Officer, AGM d. The Chief Financial Officer, AGM
One of the duties of an audit committee is to provide financial information at first to the board of director for taking appropriate decision which is in the favor of organization. The qualitative aspects of financial information include ________________. a. Not only providing financial data but adding recommendations for board of directors b. All of the options c. Providing non-financial data for getting insights d. Financial data of past and present years
Which of the following is the objective of ISA 700? O a. To form a decision on management report O b. To form overall audit strategy O c. To form audit planning O d. To form an opinion on the financial statements
a) ISA 300 Planning an Audit of Financial Statements provides guidance to auditors. Planning an audit involves establishing the overall audit strategy for the engagement and developing an audit plan. Adequate planning benefits the audit of financial statements in several ways. Required: i) Identify and explain the five stages in audit process ii) Discuss three importance of audit planning.
LO 1-3 1.63 Management Assertions. Your audit manager has asked you to explain the PCAOB assertions by using an account on the balance sheet at your audit client. For the accounts receivable account, please define each of the PCAOB assertions, using the accounts receivable account as a way to illustrate each assertion. You are encouraged to reference Exhibit 1.4 to help you answer this question.
.......................represents an opportunity of the auditor to observe operations and to assess physical safeguards over assets and interpret accounting data related to assets . 1. Reliance on the specialist's report 2.Reading the minutes of meeting of Board of Directors of the client 3. Discussion with management 4. Tour of the client's facilities
P Flag question The methods used by the audit firm to ensure that the firm meets professional responsibilities to clients and others is Select one: a. continuing professional education. b. compliance with international financial reporting standards C. peer review. •d. quality control. The correct answer is: quality control.
Which of the following best describes the focus of the following engagements?
1-What are the Responsibilities of managment and Those charged with Governance (TCWG)? 2- what the responsibilities of the auditor on financial statment ?
Financial audit Q&A What is the inspection activities to ensure the shipping or Destination Point in the recording of the financial statements is correct in accordance with the fragments?

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