Question

Whittington Principles of Auditing and Other Assurance Services Roger CPA Review Qu. 066 When would it...

Whittington Principles of Auditing and Other Assurance Services Roger CPA Review Qu. 066

When would it not be appropriate to apply analytical procedures in an audit of financial statements?

A) Planning the engagement.

B) Performing substantive tests.

C) Overall engagement review.

D) Performing tests of controls.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans D) Performing tests of controls

Test of controls is a type of audit examination on internal contril of an entity. Auditor may choose to rely upon a client's system of controls on the basis of the results found during the audit of test of controls.

Add a comment
Know the answer?
Add Answer to:
Whittington Principles of Auditing and Other Assurance Services Roger CPA Review Qu. 066 When would it...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Whittington Principles of Auditing and Other Assurance Services Roger CPA Review Qu. 100 Management’s written representations...

    Whittington Principles of Auditing and Other Assurance Services Roger CPA Review Qu. 100 Management’s written representations should be in the form of a letter addressed to: A) The audit committee of the board of directors. B) The stockholders of the entity. C) The auditor. D) The board of directors.

  • Reference Whittington, R., & Pany, K. (2019). Principles of Auditing and Other Assurance Services. New York:...

    Reference Whittington, R., & Pany, K. (2019). Principles of Auditing and Other Assurance Services. New York: McGraw-Hill Education. Prompt: For this short paper, you will prepare a memo to management that explains how and why data analysis is used in the various stages of the audit process, including the risk assessment stage, the determination of sampling method and audit universe, the substantive procedures stage, and the end of the audit. Review Chapter 5 of the textbook to support your work....

  • In Canada, practitioners follow the standards in the CPA Canada Handbook – Assurance for audit and...

    In Canada, practitioners follow the standards in the CPA Canada Handbook – Assurance for audit and other assurance services. These include Canadian Auditing Standards (CASs), which have been adopted from International Standards on Auditing (ISAs), with some amendments. The CASs are issued by the Auditing and Assurance Standards Board (AASB), who also issues other pronouncements and non-authoritative material included in the CPA Canada Handbook – Assurance. The CASs only apply to all audits of financial statements for all types of...

  • principles of auditing chapter 2 QUESTION 13 The three generally accepted auditing standards classified as general...

    principles of auditing chapter 2 QUESTION 13 The three generally accepted auditing standards classified as general standards can be described as criteria for the A. Competence, independence, and professional care of individuals performing the audit. B. Planning and supervision of the audit engagement C. Content of the financial statements and related footnote disclosures and the consistency standard. D. Content of the auditor's report, study of internal control, and planning. QUESTION 14 The internal controls of an entity are the policies...

  • principles of auditing chapter 2 QUESTION 7 The internal controls of an entity are the policies...

    principles of auditing chapter 2 QUESTION 7 The internal controls of an entity are the policies and procedures, which the entity has implemented to provide reasonable assurance that the entity's objectives are being achieved. True False QUESTION 8 The three generally accepted auditing standards classified as general standards can be described as criteria for the A. Content of the auditor's report, study of internal control, and planning. B. Competence, independence, and professional care of individuals performing the audit. C. Content...

  • 1. A CPA has accepted an engagement in which inquiry and analytical procedures are the primary...

    1. A CPA has accepted an engagement in which inquiry and analytical procedures are the primary procedures to be performed. These procedures will form the basis for issuance of: A) A compilation report B) Audit report on supplemental information issued by the client C) An agreed-upon procedures report D) Review report on financial statements for a nonpublic company 2. Auditors frequently use analytical procedures as substantive tests, but this is not required by auditing standards. A) True B) False 3....

  • ndal J. Elder, Mark Beasley - Auditing and Assurance Services ign Window Help Is Alvin A....

    ndal J. Elder, Mark Beasley - Auditing and Assurance Services ign Window Help Is Alvin A. Arens, Ran... X 106% 809 (831 of 889) 25-18 (Objective 25-1) The following are miscellaneous questions about compilation and review services. Choose the best response. a. It is acceptable for a CPA to be associated with financial statements when not inde- pendent with respect to the client and still issue a substantially unmodified report for which of the following: (1) Audits of companies following...

  • Auditing and assurance services 11th edition 2-25 Dale Boucher, the owner of a small electronics firm,...

    Auditing and assurance services 11th edition 2-25 Dale Boucher, the owner of a small electronics firm, asked Sally Jones, CPA, to conduct an audit of the company’s records. Boucher told Jones that the audit was to be completed in time to submit audited financial statements to a bank as part of a loan application. Jones immediately accepted the engagement and agreed to provide an auditor’s report within one month. Boucher agreed to pay Jones her normal audit fee plus a...

  • ont Pologi.pl 13. Anestation engagement: a. Has as its primary source of standards the assurance standards...

    ont Pologi.pl 13. Anestation engagement: a. Has as its primary source of standards the assurance standards b. Includes a report on subject matter, or on an assertion about subject matter. Includes search and verification procedures for all major accounts. Is ordinarily an examination, review or compilation engagement. an 14. A procedure in which a quality control partner periodically tests the application of quality control procedures is most directly related to which quality control element? Engagement performance, Human resources. C. Leadership...

  • 1. Auditing includes the concept of materiality. Which of the following would be considered material? a)The...

    1. Auditing includes the concept of materiality. Which of the following would be considered material? a)The auditor confirms accounts receivable and notices one company has not sent in the confirmation form b)The auditor discovers a $200 error in the inventory account balance of $500,000 c)The auditor discovers related-party transactions are not recorded d)The auditor notices the name of the new CEO, hired in January 20x2 is not included in the annual report for 20x1 2. Substantive procedures would include: a)Gathering...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT