Auditing nd Assurance Services 15e TB chapter 26.docVIP

Auditing and Assurance Services by Alvin a Arens 15th Edition Test?Bank? Contact me here sellertbsm2014@ to download the test bank INSTANTLY!!! PRICE FOR THE TEST BANK, SOLUTION MANUAL AND BOOK PDF: Test Bank 20$ USD Solution Manual 20$ USD BooK PDF 30$ USD ? This is a?sample chapter Auditing and Assurance Services, 15e (Arens) Chapter 26 Internal and Governmental Financial Auditing and Operational Auditing Learning Objective 26-1 1) Internal Auditors are expected to add value to the organization through improved operational effectiveness. In addition, their responsibilities include all the following except: A) reviewing the reliability and integrity of information. B) ensuring compliance with the companys accounting policies. C) verifying accounting information for external users. D) ensuring compliance with applicable governmental regulations. Answer: C Terms: Internal auditors responsibilities Diff: Easy Objective: LO 26-1 AACSB: Reflective thinking skills 2) Statements on Internal Auditing Standards are issued by the: A) AICPA. B) SEC. C) Internal Auditing Standards Boards. D) Auditing Standards Boards. Answer: C Terms: Statements on Internal Auditing Standards Diff: Easy Objective: LO 26-1 AACSB: Reflective thinking skills 3) Internal auditors are responsible to: A) the board of directors. B) management. C) both A and B. D) neither A nor B. Answer: C Terms: Internal auditors are responsible to Diff: Easy Objective: LO 26-1 AACSB: Reflective thinking skills 4) Which of the following is not a similarity between external and internal auditors? A) Both must be independent of the company. B) Both must be competent. C) Both follow a similar methodology in performing their audits. D) Both consider risk and materiality deciding the extent of their tests and evaluating results. Answer: A Terms: Similarity between internal and external auditors Diff: Easy Objective: LO 26-1 AACSB: Reflective thinking skills 5) External auditor