Stichworte Financial audit

Stichworte: Financial audit

Which of the following statements is true concerning both an engagement to compile and an engagement to review a nonissuers financial statements?

Which of the following statements is true concerning both an engagement to compile and an engagement to review a nonissuers financial statements?

Why is understandability an essential characteristic of financial statements?

Why is understandability an essential characteristic of financial statements?

What functions should be separated to segregate record keeping from asset custody?

What functions should be separated to segregate record keeping from asset custody?

Auditing and financial analysis gleich

Auditing and financial analysis gleich

The dollar change for a comparative financial statement item is calculated by:

The dollar change for a comparative financial statement item is calculated by:

What is the main purpose of an analytical review at the completion of the audit?

What is the main purpose of an analytical review at the completion of the audit?

In the audit of cash the auditor obtains a bank cutoff statement primarily to:

In the audit of cash the auditor obtains a bank cutoff statement primarily to:

The primary managerial accounting product is the companys audited financial statements.

The primary managerial accounting product is the companys audited financial statements.

Which of the following financial statements is peculiar to government entities?

Which of the following financial statements is peculiar to government entities?

When investors sue the audit firm for negligence, the audit firm is the ______.

When investors sue the audit firm for negligence, the audit firm is the ______.

What is the relationship between Financial Management and financial accounting?

What is the relationship between Financial Management and financial accounting?

Which of the following statements is true the worksheet can be substituted for preparing financial statements?

Which of the following statements is true the worksheet can be substituted for preparing financial statements?

Which of the following statements about the financial statement worksheet is true

Which of the following statements about the financial statement worksheet is true

Financial managers should strive to maximize the current value per share of the existing stock to:

Financial managers should strive to maximize the current value per share of the existing stock to:

Attempting to estimate the financial impact of substance abuse is an example of

Attempting to estimate the financial impact of substance abuse is an example of

Which factor helps the auditor determine the nature and extent of documentation?

Which factor helps the auditor determine the nature and extent of documentation?

Compared to financial accounting, managerial accounting places more emphasis on:

Compared to financial accounting, managerial accounting places more emphasis on:

Which of the following is a basic tool used by the auditor to control the audit work and review the progress?

Which of the following is a basic tool used by the auditor to control the audit work and review the progress?

The balance of accounts receivable is shown on which of the following financial statements

The balance of accounts receivable is shown on which of the following financial statements

What are the reporting responsibilities of the chief audit executive to whom and in what capacity does the CAE report?

What are the reporting responsibilities of the chief audit executive to whom and in what capacity does the CAE report?

To purchase insurance, the policyowner must have financial interest in the property being insured

To purchase insurance, the policyowner must have financial interest in the property being insured

As it relates to financial reporting, which of the following is not required of an accounting entity

As it relates to financial reporting, which of the following is not required of an accounting entity

Which of the following statements about the financial accounting standards board is correct?

Which of the following statements about the financial accounting standards board is correct?

What are two characteristics of a black swan event that affects supply chain decisions?

What are two characteristics of a black swan event that affects supply chain decisions?

An audit performed in accordance with generally accepted auditing standards generally should

An audit performed in accordance with generally accepted auditing standards generally should

What is the statement called which shows the financial position of the business?

What is the statement called which shows the financial position of the business?

What are the differences between management accounting and financial accounting?

What are the differences between management accounting and financial accounting?

Promotions are strictly financial arrangements in which a business pays for some output.

Promotions are strictly financial arrangements in which a business pays for some output.

Which of the following declares the difference between financial and managerial?

Which of the following declares the difference between financial and managerial?

Which of the following financial statements is not required to be prepared by not for profit organizations?

Which of the following financial statements is not required to be prepared by not for profit organizations?

Which of the following financial statements is not required to be prepared by not

Which of the following financial statements is not required to be prepared by not

Which of the following audit procedures would be used to verify debit to commission expense

Which of the following audit procedures would be used to verify debit to commission expense

Which of the following is most likely to be an audit objective for owners equity?

Which of the following is most likely to be an audit objective for owners equity?

Substantive procedures required for the financial statement close process include

Substantive procedures required for the financial statement close process include

Indicate which changes would require an explanatory paragraph in the audit report

Indicate which changes would require an explanatory paragraph in the audit report

An audit in accordance with the single audit act does not involve reporting upon:

An audit in accordance with the single audit act does not involve reporting upon:

What financial statement reports the changes in net assets with and without donor restrictions?

What financial statement reports the changes in net assets with and without donor restrictions?

Which of the following financial statements is not a basic financial statement under FASAB standards

Which of the following financial statements is not a basic financial statement under FASAB standards

Where is the account accumulated depreciation on equipment found on the financial statements?

Where is the account accumulated depreciation on equipment found on the financial statements?

What is the relationship between social responsibility and financial performance?

What is the relationship between social responsibility and financial performance?

In an initial audit, planning considerations include quality control procedures that determine

In an initial audit, planning considerations include quality control procedures that determine

The financial industry created the ansi x9.17 standard to define key management procedures.

The financial industry created the ansi x9.17 standard to define key management procedures.

Which of the following factors most likely would cause an auditor not to accept a new audit engagement?

Which of the following factors most likely would cause an auditor not to accept a new audit engagement?

Which situation would likely make an accountant not accept a new audit engagement?

Which situation would likely make an accountant not accept a new audit engagement?

Statements on standards for accounting and review services (ssars) are issued by the

Statements on standards for accounting and review services (ssars) are issued by the

Why should financial managers strive to maximize the current value per share of the existing stock ?

Why should financial managers strive to maximize the current value per share of the existing stock ?

Define internal control what is the difference between internal check and internal audit

Define internal control what is the difference between internal check and internal audit

Which of the following activities is not associated with the financial accounting?

Which of the following activities is not associated with the financial accounting?

Which financial statement summarizes a companys cash receipts and cash disbursements for a period of time?

Which financial statement summarizes a companys cash receipts and cash disbursements for a period of time?

Which of the following financial statements reports cash receipts and cash payments

Which of the following financial statements reports cash receipts and cash payments

Constraint states that only information which is relevant must be reported in accordance with gaap.

Constraint states that only information which is relevant must be reported in accordance with gaap.

Which of the following procedures would an auditor most likely perform during an audit engagement?

Which of the following procedures would an auditor most likely perform during an audit engagement?

Who has primary responsibility for making sure that a companys financial statements follow GAAP?

Who has primary responsibility for making sure that a companys financial statements follow GAAP?

When performing subsequent events review which of the following are considered by the auditor?

When performing subsequent events review which of the following are considered by the auditor?

Is the Financial Accounting Standards Board is a part of the Securities and Exchange Commission?

Is the Financial Accounting Standards Board is a part of the Securities and Exchange Commission?

A computer that provides bulk data processing for encrypting financial transactions

A computer that provides bulk data processing for encrypting financial transactions

Which of the following statement is correct about the reliability of audit evidence?

Which of the following statement is correct about the reliability of audit evidence?

Ethical crises are bad for organization reputation, but they rarely have any financial consequences.

Ethical crises are bad for organization reputation, but they rarely have any financial consequences.

What defines the assumption on the basis of which financial statements are prepared?

What defines the assumption on the basis of which financial statements are prepared?

What is the purpose of conducting audits What are the benefits of conducting audits?

What is the purpose of conducting audits What are the benefits of conducting audits?

What means that financial information is capable of making a difference in a decision?

What means that financial information is capable of making a difference in a decision?

Which area of public accounting means the examination of financial statement by a CPA

Which area of public accounting means the examination of financial statement by a CPA

What financial policy did the federal government follow during the Civil War quizlet?

What financial policy did the federal government follow during the Civil War quizlet?

Which of the following would normally be considered earliest in the audit examination?

Which of the following would normally be considered earliest in the audit examination?

What is the difference between capital as a factor of production and financial capital?

What is the difference between capital as a factor of production and financial capital?

A primary user of accounting information with a direct financial interest in the business is a

A primary user of accounting information with a direct financial interest in the business is a

The scope of an IT audit often varies, but can involve any combination of the following

The scope of an IT audit often varies, but can involve any combination of the following

Which financial statement shows the financial performance of the company on a cash basis?

Which financial statement shows the financial performance of the company on a cash basis?

Which of the following procedures would be least likely to be utilized during the planning stage of the audit?

Which of the following procedures would be least likely to be utilized during the planning stage of the audit?

Which of the following procedures would a CPA least likely perform during the planning stage of the audit?

Which of the following procedures would a CPA least likely perform during the planning stage of the audit?

Which section of financial statements summarizes the companys performance for a certain period?

Which section of financial statements summarizes the companys performance for a certain period?

What circumstances may a covered person hold an insurance policy with an IESBA restricted audit client?

What circumstances may a covered person hold an insurance policy with an IESBA restricted audit client?

When an insurance license moves he has how long to notify the Florida Dept of Financial Services of his change of address?

When an insurance license moves he has how long to notify the Florida Dept of Financial Services of his change of address?

Which of the following factors is NOT considered when the Department of Financial Services

Which of the following factors is NOT considered when the Department of Financial Services

Which branch of accounting is concerned with interpretation and analysis of financial statements?

Which branch of accounting is concerned with interpretation and analysis of financial statements?

Which materiality level is used by the auditor in determining which line items in the financial statements are to be tested?

Which materiality level is used by the auditor in determining which line items in the financial statements are to be tested?

What branch of accounting focuses on the preparation of financial statements for external users?

What branch of accounting focuses on the preparation of financial statements for external users?

What are the two basic underlying assumptions that must be employed in financial statements prepared in accordance with IFRS?

What are the two basic underlying assumptions that must be employed in financial statements prepared in accordance with IFRS?

What defines the assumptions on the basis of which financial statement of a business entity are prepared?

What defines the assumptions on the basis of which financial statement of a business entity are prepared?

Is a service activity Its function is to provide quantitative information primarily financial in nature about economic activities?

Is a service activity Its function is to provide quantitative information primarily financial in nature about economic activities?

Which underlying concepts serve as the basis for preparing financial statements at regular intervals?

Which underlying concepts serve as the basis for preparing financial statements at regular intervals?

Which accounting concept states that omitting or misstating the information could influence users of the financial statements?

Which accounting concept states that omitting or misstating the information could influence users of the financial statements?

Which of the following is the first step performed prior to creating a risk ranking for the annual internal IS audit plan?

Which of the following is the first step performed prior to creating a risk ranking for the annual internal IS audit plan?

How is the significant amount of consignment inventory reported in the statement of financial position?

How is the significant amount of consignment inventory reported in the statement of financial position?

Which of the following financial statements would show a firms profit after costs expenses and taxes?

Which of the following financial statements would show a firms profit after costs expenses and taxes?

Which statement accurately explains the status of protests against global financial institutions?

Which statement accurately explains the status of protests against global financial institutions?

Explain ONE way economic linkages among world cities may create risks during global financial crises

Explain ONE way economic linkages among world cities may create risks during global financial crises

A financial statement to show what a business owns and owes at a particular point in time?

A financial statement to show what a business owns and owes at a particular point in time?

A corporation can raise financial capital by selling shares of stock to interested investors.

A corporation can raise financial capital by selling shares of stock to interested investors.

Which of the following auditor concerns most likely could be so serious that the auditor concludes that a financial statement audit Cannot be completed?

Which of the following auditor concerns most likely could be so serious that the auditor concludes that a financial statement audit Cannot be completed?

What express all items of financial statement as a percentage of same measure of the company?

What express all items of financial statement as a percentage of same measure of the company?

The process of preparing the projected financial statement generally begins with projection of

The process of preparing the projected financial statement generally begins with projection of

Is a technique used for evaluating a financial statement in the current year with other items in the same year?

Is a technique used for evaluating a financial statement in the current year with other items in the same year?

What are the three main attributes of firms that peruse high level of corporate entrepreneurship?

What are the three main attributes of firms that peruse high level of corporate entrepreneurship?

Which of the following financial interests in a client during the period of engagement impairs a CPAs independence?

Which of the following financial interests in a client during the period of engagement impairs a CPAs independence?

Which of the following would be most important for an IS auditor to verify while conducting a business continuity audit?

Which of the following would be most important for an IS auditor to verify while conducting a business continuity audit?

All of these are factors that help strengthen a client-financial planner relationship except

All of these are factors that help strengthen a client-financial planner relationship except

The most detailed financial information regarding a municipal securities issuer is found in the:

The most detailed financial information regarding a municipal securities issuer is found in the:

Which financial statement displays the revenues and expenses of a company for a period of time?

Which financial statement displays the revenues and expenses of a company for a period of time?

When an insured is to be placed in same financial position after loss as they enjoyed before the loss?

When an insured is to be placed in same financial position after loss as they enjoyed before the loss?