2025年USCPA试卷及答案.docxVIP

2025年USCPA试卷及答案

Section1:AuditingandAttestation(AUD)

Question1:

TheauditorisplanningtheauditofXYZCompanysfinancialstatementsfortheyearendedDecember31,2025.Whichofthefollowingprocedureswouldbemosteffectiveinassessingtheriskofmaterialmisstatementduetofraud?

A)AnalyzingthefinancialratiosofXYZCompanycomparedtoindustrybenchmarks.

B)Performinginquiriesofthecompanysmanagementregardingtheirassessmentoffraudrisk.

C)Reviewingthecompanysinternalcontrolsoverfinancialreporting.

D)Performingadetailedanalysisofthecompanysrevenuerecognitionpolicies.

Answer:C)Reviewingthecompanysinternalcontrolsoverfinancialreporting.

Explanation:Assessingtheriskofmaterialmisstatementduetofraudrequiresanunderstandingoftheentitysinternalcontrols.Byreviewingtheinternalcontrolsoverfinancialreporting,theauditorcanidentifyanyweaknessesordeficienciesthatmayallowforfraudtooccur.

Question2:

XYZCompanyhasapolicyofcapitalizingcertaincostsrelatedtothedevelopmentofnewproducts.Whichofthefollowingprocedureswouldtheauditormostlikelyperformtoevaluatetheappropriatenessofthecapitalizationpolicy?

A)Confirmingthecapitalizedcostswiththirdpartyvendors.

B)Recalculatingthedepreciationexpensebasedonthecapitalizedcosts.

C)Reviewingthecompanysaccountingpoliciesmanualforguidanceoncapitalizationcriteria.

D)Interviewingthecompanysresearchanddevelopmentteamregardingtheircostestimationprocess.

Answer:C)Reviewingthecompanysaccountingpoliciesmanualforguidanceoncapitalizationcriteria.

Explanation:Toevaluatetheappropriatenessofthecapitalizationpolicy,theauditorwouldneedtounderstandthecompanysspecificcriteriaforcapitalizingcosts.Reviewingtheaccountingpoliciesmanualwouldprovidethenecessaryguidancetodetermineifthepolicyisinlinewithaccountingstandards.

Section2:BusinessEn