Question

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 responsibilities for quality with the firm. d Monitoring b 15. An attitude that includes a questioning mind, being alert to conditions that may indicate possible misstatements, and a critical assessment of audit evidence is referred to as: Reasonable assurance. b. Professional skepticism C Audit neutralism d. Auditing mindset 16. The order of presentation of sections in a public company financial statement audit report is: a Basis for Opinion, Critical Audit Matters, Opinion b. Basis for Opinion, Opinion, Critical Audit Matters. Critical Audit Matters, Basis for Opinion, Opinion d Opinion Basis for Opinion, Critical Audit Matters 17. Which of the following is not included in the auditors' standard unmodified audit report for a nonpublic company? a The procedures selected by the auditor depend on the auditor's judgment. b An audit includes evaluating the appropriateness of accounting policies used. An audit Includes evaluating the overall presentation of the financial statements 0 Preferred accounting principles have been consistently applied PART 2 - Simulation Indicate whether you agree or disagree with the following statements concerning a financial statement audit conducted in accordance with Benerally accepted auditing standards Agree Disagree Statement 16. Public companies are ordinarily audited by a CPA firm, with engagement review by the General