CPA Exam Review Auditing Attestation Module2 Internal Control参考.ppt

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 33．An internal auditor’s work would most likely affect the nature, timing, and extent of an independent CPA’s auditing procedures when the internal auditor’s work relates to assertions about the? (A) Existence of contingencies (B) Valuation of intangible assets (C) Existence of fixed asset additions (D) Valuation of related-party transactions Module 2: Internal Control Questions * 34．During an audit an internal auditor may provide direct assistance to an independent CPA in Obtaining an understanding of internal control Performing tests of controls Performing substantive tests a. No No No b. Yes No No c. Yes Yes No d. Yes Yes Yes Module 2: Internal Control Questions * 35．For which of the following judgments may an independent auditor share responsibility with an entity’s internal auditor who is assessed to be both competent and objective? Assessment of inherent risk Assessment of control risk a. Yes Yes b. Yes No c. No Yes d. No No Module 2: Internal Control Questions * 36．Payroll Data Co. (PDC) processes payroll transactions for a retailer. Cook, CPA, is engaged to express an opinion on a description of PDC’s internal controls implemented as of a specific date. These controls are relevant to the retailer’s internal control, so Cook’s report may be useful in providing the retailer’s independent auditor with information necessary to plan a financial statement audit. Cook’s report should (A) Contain a disclaimer of opinion on the operating effectiveness of PDC’s controls (B) State whether PDC’s controls were suitably designed to achieve the retailer’s objectives (C) Identify PDC’s controls relevant to specific financial statement assertions (D) Disclose Cook’s assessed level of control risk for PD