ACC 403 Strayer Week 2 Quiz 1 Latest



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ACC 403 Strayer Week 2 Quiz 1 Latest

ACC 403 Strayer Week 2 Quiz 1 Latest


ACC 403 Strayer Week 2 Quiz 1 Latest

ACC 403 Strayer Week 2 Quiz 1 Latest

Question 1

In “auditing” financial accounting data, the primary concern is with:

Question 2

The Sarbanes-Oxley Act applies to which of the following companies?

Question 3

Which of the following is not a SysTrust Services principle as defined by the AICPA?

Question 4

Which of the following services provides the lowest level of assurance on a financial statement?

Question 5

An accountant:

Question 6

Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called:

Question 7

Any service that requires a CPA firm to issue a report about the reliability of an assertion that is made by another party is a(n):

Question 8

The use of the Certified Public Accountant title is regulated by: .

Question 9

The most common way for users to obtain reliable information is to:

Question 10

An examination of part of an organization’s procedures and methods for the purpose of evaluating efficiency and effectiveness is what type of audit?

Question 11

One objective of an operational audit is to:

Question 12

Which of the following is considered audit evidence?

Question 13

An audit to determine whether an entity is following specific procedures or rules set down by some higher authority is classified as a(n):

Question 14

A correct relationship among the auditor, the client, and the external users is:

Question 15

Three common types of attestation services are:

Question 16

The methods used by a CPA firm to ensure that the firm meets is professional responsibilities to clients and others is:

Question 17

Hansen Corporation’s stock is listed on a national stock exchange and registered with the Securities and Exchange Commission. Hansen’s management hires a CPA to perform an independent audit of Hansen’s financial statements. The primary objective of this audit is to provide assurance to the:

Question 18

Members of the Public Company Accounting Oversight Board are appointed and overseen by:

Question 19

The International Standards on Auditing (ISAs):

Question 20

To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, the auditor must fulfill several performance responsibilities, including:

Question 21

The legal right to perform audits is granted to a CPA firm by regulation of:

Question 22

The purpose of establishing quality control policies and procedures to accept or continue a client relationship is to:

Question 23

The form that must be completed and filed with the Securities and Exchange Commission whenever a company experiences a significant event that is of interest to public investors is the:

Question 24

Statements on Standards for Accounting and Review Services are issued by the:

Question 25

For privately held companies who is responsible for establishing auditing standards?

Question 26

Standards issued by the Public Company Accounting Oversight Board must be followed by CPAs who audit:

Question 27

The organization that is responsible for providing oversight for auditors of public companies is called the ________.

Question 28

The “Principles Underlying an Audit in Accordance with Generally Accepted Auditing Principles” provides a framework to help auditors:

Question 29

Historically auditing standards have been organized into three categories, including:

Question 30

When assessing the risk of material misstatements in the financial statements,

ACC 403 Strayer Week 2 Quiz 1 Latest

ACC 403 Strayer Week 2 Quiz 1 Latest


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