Question

QUESTION 3

The information that auditors use when arriving at their opinion on the fair presentation of the client’s financial statements is called _______.

A. audit evidence

B. relevant assertion

C. receivable confirmation

D. working papers

QUESTION 6

An integrated audit focuses on ________.

A. integrating the internal and external audit functions

B. auditing both internal control over financial reporting(ICFR) and the financial statements

C. integrating component auditors

D. comparing prior year results with the current year to look for abnormalities

QUESTION 12

If the auditor is auditing an accounts receivable file, the auditor will want to make sure the receivable file matched the_______.

A. general ledger as of the date of the test.

B. trial balance as of the date of the test.

C. investing section of the statement of cash flows as of the date of the test.

D. general ledger as of any date before the test.

Answer 1

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QUESTION 3 The information that auditors use when arriving at their opinion on the fair presentation of the client’s financial statements is called _______.

A. audit evidence

QUESTION 6 An integrated audit focuses on ________.

B. auditing both internal control over financial reporting(ICFR) and the financial statements

QUESTION 12 If the auditor is auditing an accounts receivable file, the auditor will want to make sure the receivable file matched the_______.

A. general ledger as of the date of the test.