AICPA Released Questions AUD 2015 Difficult - …AICPA问题澳元2015年发行困难,u2026.pdfVIP

AUD 2015 AICPA Released Questions Testlet Level: Difficult Please Note: These questions are released to the CPA Review providers with the letter answer only (i.e. no explanation given). This document contains copyrighted material from the American Institute of Certified Public Accountants and is licensed to NINJA CPA Review for use by its customers only. Answers are on page 14. 1. Which of the following statements correctly defines the term reasonable assurance? A substantial level of assurance to allow an auditor to detect a material misstatement. A significant level of assurance to allow an auditor to detect a material misstatement. An absolute level of assurance to allow an auditor to detect a material misstatement. A high, but not absolute, level of assurance to allow an auditor to detect a material misstatement. 1 AUD 2015: Difficult 2. A practitioner may perform an agreed-upon procedures engagement on prospective financial statements provided that which of the following is met? Use of the agreed-upon procedures report is not restricted. The practitioner sets the criteria to be used in the determination of findings. The client agrees that the practitioner will decide appropriate procedures to be performed. The prospective financial statements include a summary of significant assumptions. 3. If the predecessor auditor refuses to give the current auditor of a nonissuer access to the documentation, what should the current auditor do? Review the risk assessment of the opening balances of the financial statements. Withdraw from the engagement. Disclaim an opinion due to a scope limitation.