Which of the following is not a content of current audit file? Copies of communication with experts or other auditors Audit evidence obtained Memorandum and Article of Association Audit planning documentation Which one of the following is other indicator or events or conditions that may cast significant doubt on the entity's ability to continue as a going concern?

Which of the following is not a content of current audit file? Copies of communication with experts or other auditors Audit evidence obtained Memorandum and Article of Association Audit planning documentation Which one of the following is other indicator or events or conditions that may cast significant doubt on the entity's ability to continue as a going concern?

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter14: Completing A Quality Audit

Section: Chapter Questions

Problem 21CYBK

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Similar questions

Which of the following is a key change to audit reports per SAS No. 134? O a. It alters the look forward period for evaluating going concern uncertainty. O b. It explicitly assigns responsibility for evaluating going concern to the auditors. Oc. Reporting language related to substantial doubt about an entity's ability to continue as a going concern was eliminated. O d. Reporting language related to substantial doubt about an entity's ability to continue as a going concern was enhanced.
The form and content of audit engagement letters may vary for each client, but they would generally include reference to (choose all the items that apply to the previous statement): *-* The absence of audit risk Unrestricted access to whatever records Financial reporting framework used Objective of the audit Form of any reports or other communication Management's responsibility Scope of the audit
{Auditing} 21. The scope of an audit is the determination of the range of the activities and the period of records that are to be subjected to an audit examination". Which one of the following factors is not useful in determination of scope of audit? a. Reliable information b. Technical factors c. Entity aspects d. Legal requirement
Which of the following is not the requirement of ISA 500? O a. Over-all audit strategy O b. Information to be used as Audit Evidence O c. Consistency in audit evidence O d. Sufficient Appropriate Audit Evidence
Which of the following documents would be the most reliable evidence for an audit? Group of answer choices A. Confirmation from third party directly obtained by the audit team B. Confirmation from third party that is forwarded by the audit client. C. Observation cited in the report documented by the audit team D. Observation cited in the report documented by third party with concurrence of the audit team
5.Which of the following documents would be the most reliable evidence for an audit? Group of answer choices Confirmation from third party directly obtained by the audit team Observation cited in the report documented by the audit team Observation cited in the report documented by third party with concurrence of the audit team Confirmation from third party that is forwarded by the audit client.
Which of the following is least likely to be a continuous activity that an auditor would be expected to perform throughout an audit engagement? OA. Understanding the entity and its environment OB. Assessing the risk of material misstatement OC. Considering client continuance OD. Inquiring as to the design of controls
a. Discuss in detail how Enron Scandal influenced the "true and fair view" concept in auditing. Support your answer with the relevant resource(s).
1. Describe how the "culmination" of the audit process looks like. 2. In the final stage of a risk-based audit, how shall the auditor know that sufficient appropriate audit evidence has been obtained to support the conclusions reached for the auditor's report to be issued? 3.What are the major reasons for modifying an otherwise unmodified auditor's report?
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Which one of the following section of the auditor's report gives a description of an audit conducted as per ISA standards? Management's responsibility. Introductory. Basis for Opinion. Auditor's responsibility. Which one of the following statements is most appropriate to Control risk? Auditing and Cont EN
4. Which of the following documents would be the most reliable evidence for an audit? Group of answer choices Observation cited in the report documented by the audit team Confirmation from third party directly obtained by the audit team Observation cited in the report documented by third party with concurrence of the audit team Confirmation from third party that is forwarded by the audit client.