aud practice exam - kaplan cpa review 1. …（-卡普兰注册会计师审查1澳元实践考试。）.pdf

AUD Practice Exam - Kaplan CPA Review 1. Correct answer: Supporting records that should be readily available are frequently not produced when requested. Supporting records which should be readily available but are not should arouse suspicion. Reportable conditions previously reported may not have been corrected due to legitimate factors such as cost- benefit concerns or insufficient time since the condition was reported. Clerical errors which come to light through the clients system serve to help correct potential misstatements. Some differences are commonly discovered during a physical inventory count due, for example, to the volume of items which typically must be counted. 2. Correct answer: Has been properly voided. In a random sample, the auditor may replace randomly selected items which are inappropriate to examine, such as voided documents, so long as the documents appear not to contain any deviations from control policies and procedures. The auditor should treat as exceptions documents that contain deviations, those that may not have been properly voided, and those that cannot be located. In testing internal control the dollar size of an item in a sample is irrelevant. 3. Correct answer: Deviations from historical patterns. When evaluating the reasonableness of an accounting estimate, the auditor should concentrate on any factors or assumptions that deviate from historical patterns. Deviations from historical patterns may represent situations where management is attempting to influence the financial statements through changing estimates. Any factors or assumptions that are consistent with prior periods, similar to industry guidelines, or objective and not susceptible to bias do not indicate potential concerns to the auditor. 4. Correct answer: Performing analytical procedures. Auditors develop particular audit objectives to test specific management assertions. The goal of the auditor is to satisfy these audit objectives by the completi