ACCOUNTING
MULTIPLE CHOICE
Question 1
The client has presented all required financial statements with the exception of the statement of cash flows. The auditor has completed the audit and is satisfied that all other statements are presented fairly. The auditor:
Question 2
A CPA may wish to emphasize specific matters regarding the financial statements even though an unqualified opinion will be issued. Normally, such explanatory information is:
Question 3
Examples of unqualified opinions which contain modified wording (without adding an explanatory paragraph) include:
Question 4
When the auditor determines the financial statements are fairly stated and then determines that the auditor lacks independence, the auditor should issue:
Question 5
Which of the following is not a change that affects consistency and, therefore, does not
require an explanatory paragraph?
Question 6
The audit report date on a standard unqualified report indicates:
Question 7
GAAP requires that changes in accounting principles be to a:
Question 8
If the balance sheet of a company is dated December 31, 2009, the audit report is dated February 8, 2010, and both are released on February 15, 2010, this indicates that the auditor has searched for subsequent events that occurred up to:
Question 9
The purpose of the introductory paragraph in the standard unqualified report is:
Question 10
The introductory paragraph of the standard audit report states that the auditor is:
Click here for the SOLUTION
