Audit MCQ Practice - 【DOC精选】.docVIP

Auditing Assurance Services Assignment 01 Multiple Choice Questions: Answer all Questions 1. The use of the title Certified Public Accountant (CPA) is regulated by medium a. the federal government through the licensing department of the Commerce Department. b b. state law through a licensing department/agency of each state. c. the American Institute of Certified Public Accountants (AICPA) through the licensing departments of the tax and auditing committees. d. the Securities and Exchange Commission (SEC). 2. medium An audit to determine whether an entity is following specific procedures or rules set down by some higher authority is classified as a(n) b a. audit of financial statements. b. compliance audit. c. operational audit. d. production audit. 3. medium Which of the following services provides the lowest level of assurance about a company’s financial statements? a a. Review of financial statements. b. Audit of financial statements. c. These services provide no assurance about a company’s financial statements. d. These services provide the same level of assurance about a company’s financial statements. 4. In “auditing” financial accounting data, the primary concern is with medium a a. determining whether recorded information properly reflects the economic events that occurred during the accounting period. b. determining if fraud has occurred. c. determining if taxable income has been calculated correctly. d. analyzing the financial information to be sure that it complies with government requirements. 5. (SOX) challenging The Sarbanes-Oxley Act prohibits a CPA firm that audits a public company from providing which of the following types of services to that company? c a. Reviews of quarterly financial statements. b. Preparation of corporate tax returns. c. Most consulting services. d. All of above are prohibited services. 6. easy The generally accepted auditing standard that requires “Adequate technical training