哈商大auditing期末范围.docx

a.Which of the following would be a non-assurance engagement?A financial statement audit engagementA financial statement review engagementA direct reporting engagementA consulting engagement b.Which of the following best describes the difference between internal and external auditors? AExternal auditors prepare reports that reduce information risk.External auditors do not have threats to their independence, while internal auditors face pressureto compromise their independence because of the nature of their relationship with the companybeing audited.Only internal auditors may perform operational audits.Only external auditors may perform financial audits.f.Independent auditors of financial statements perform audits that reduce and control what?Management biasThe information risk faced by investorsWeak accounting systemsQuality reviews performed by other public accounting firms How does an auditor use professional skepticism in an external audit? BProfessional skepticism assumes that management is honest; therefore management representations are sufficient appropriate evidence.Professional skepticism recognizes that circumstances may exist that cause the financial statements to be materially misstated.Professional skepticism increases the risk of using faulty assumptions in determining the nature, timing, and extent of the audit procedures.Professional skepticism is used to prove management’s honesty and integrity concerning the financial statements.d.Which of the following best describes the threat to independence if an auditor owns a material amount of shares of an audit client? CAn advocacy threatA familiarity threatA self-interest threatA self-review threate.An auditor’s independence could be considered impaired if the auditor ADepends on a high level of fees from one audit client.Owns common stock before the company became an audit client.Removes the member of the assurance team from the audit.Withdraws from the audit engagement.g.Which of the following would be a