Question

Multiple Choice Qu 1-36 [LO 1-3, 1-6] For the purposes of this problem, assume the existence of five types of auditors: CPA, GAO, IRS Also assume that the work of these various auditors can be grouped into five classifications: audits of fhi audits, operational audits, accounting services, and consulting services For each of the following topics, you are to state the type of auditor most probably involved. Also identify the topic with one of the above classes of work. 1. Financial statements of a small business to be submitted to a bank in support of a loan application 2. Financial statements of a large bank listed on the New York Stock Exchange to be distributed to stockholders 3. Review of the management directive stating the goals and responsibilities of a corporation's mail-handling department. 4. Review of costs and accomplishments of a military research program carried on within the air force to determine whether the program was cost-effective. Examination on a surprise basis of Midtown State Bank. Emphasis placed on verification of cash, marketable securities, and loans receivable and on consistent observation of the banking code. 6. Analysis of the accounting system of a small business with the objective of making recommendations concerning installation of a 7. Determination 8. Review of the activities of the receiving department of a large manufacturing company, with special attention to efficiency of computer-based system auditing staff of fairness of financial statements for public distribution by a corporation that has a professional-level internal materials inspection and promptness of reports issued 9. Review of the tax return of the corporate president to determine whether charitable contributions are adequately substantiated f daily attendance during spring term at Blue Ridge Consolidated School District to ascertain whether payments received 0. Review 1. Review of transactions of a government agency to determine whether disbursements under the Payment-In-Kind program of the 2. Compilation of quarterly financial statements for a small business that does not have any accounting personnel capable of preparing from the state were substantiated by puplil-day data and whether disbursements by the district were within authorized limits U.S. Department of Agriculture followed the intent of Congress financial statements < Prev7 of 7 EEl Next

Answer 1

1. Financial statements of a small.... .

Type of auditor:CPA

Topic:Audit of financial statements

2. Financial statements of a large bank listed ......

Type of auditor:CPA

Topic:Audit of financial statements

3. Review of the management dire.. ..

Type of auditor :Internal auditor

Topic :Operational audit

4. Review of costs and accom......

Type of auditor :GAO

Topic :Operational audit

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