TỔNG HỢP KTCB

Ae chỉ cần lens đến chỗ Test 1, 2, 3 ENG (10 trang 40 câu là đc ùi nha)
Còn từ chỗ “Đề giữa kì xu được” trở xuống là e gom file lại thôi ak :>

TN KTCB (ENG)
Link ảnh cần gg lens (cho các ae chưa lens) :
https://docs.google.com/document/d/1z7nvfOlfcxcbN36iZGd7aeXE-wTJZulLDhhs7C
nTjcA/edit
Link bài docs đã gg lens (1 phần)
https://docs.google.com/document/d/1Ti7rr_OpfxmDs6GrrfKX8uHc9r3o1fZpMw5b
YnD6PNM/edit
Các ae chịu khó copy phần bài của mình từ bên link docs đã lens trên dán qua đây +
giải nhé

Mành: trang 3+ 4
5. The sequence of steps that the auditor considers internal control in a financial
report audit is as follows
a. Make a preliminary assessment of control risk, obtain and understanding,
perform tests of control, design substantive procedures.
b. Obtain an understanding, make a preliminary assessment of control risk,
perform tests of control, design substantive procedures
c. Obtain an understanding, design substantive test, perform tests of control, make
a preliminary assessment of control risk.
d. Design substantive tests, obtain an understanding, perform tests of control,
make a preliminary assessment of control risk.
7. When an auditor reviews the aging report accounts receivable to check
whether receivables that have become uncollectible have been provided for. What
is a relevant financial statement assertion?
a. Rights and obligations.
b. Completeness.
c. Valuation and allocation.
 d. Existence.
4. The nature of a financial statement audit is to:
a. detect fraud
b. assure the consistent application of correct accounting procedures.
c. determine whether the client's financial statements are fairly stated.
d. examine individual transactions so that the auditor may certify as to their
validity.

2. Which of the following audit procedures is conducted to satisfy the existence of

inventories?
a. Observing physical counts of the inventories by an independent auditor at the
time of counting.(hong chắc lắm)
b. Obtaining an adequate understanding of the client's physical observation of
Inventory.
c. None of them is correct.
d. Inspecting the purchasing documents and good receipt notes, trace each
purchasing document to a transaction recorded in the purchases journal.

Tu hú: trang 1+2

Câu Hỏi 12: An audit of financial statements is conducted to determine whether

the

a. organisation is operating efficiently and effectively. (loại)

b. auditee is following specific procedures or rules set down by a peer group

authority.(loại)
c. overall financial statements are stated in accordance with specified criteria

d. none of the above

audit procedures is conducted to satisfy the existence of inventories
Câu hỏi 11: During an audit engagement, the auditor determines that the client
engages in several material transactions with entities owned by family members
of several of the client's senior executives. Which of the following risk
components in assessed as high?

a inherent risk.

b. sampling risk.

c. detection risk.

d. control risk.
Câu hỏi 3: Fill the blanks in this sentence: ….. the audit risk, ...... the materiality
and …. the audit evidence.

a. Lower, Lower, Higher

b. Lower, Higher, Lower. (maybe cau nay k chac lam :<)

c. Lower, Higher, Higher.

d. Higher, Lower, Lower.

*Đệ tử trang 6:

Câu 14: What is the meaning of the rule that requires the auditor be independent?

O a. The auditor may have a direct ownership interest in the client's business if it is not
material.

Ob. The auditor must be without bias with respect to the client under audit.

O c. The auditor's sole obligation is to third parties.

O d. The auditor must adopt a critical attitude during the audit.

Câu 13: Actions, policies, and procedures that reflect the overall attitude of
management, directors, and owners of the entity about internal control relate to which
of the following internal control components?

O a Monitoring.

b. Control environment. (nằm trong mục Hoạt động KS)

Oc. Information and communication.

O d. Risk assessment.

Câu 12: Control activities are specific actions established by management in order to
ensure that management's directives are carried out. Which of the following is NOT
control activities?

O a. Identifying, analyzing, and responding to risks. => Risk assessment

b. Control over standing data.

O c. Verification and reconciliation.

O d. Authorization and approvals

Câu 11: Since the controller of an audited company did not allow the appointed auditor to
send confirmation of trade receivables to some of its major customers, the auditor is unable to
satisfy himself about the fair presentation of these receivable balances. If the amounts of
these receivables are material and not pervasive in relation to the audited company's financial
statements, which is the most appropriate audit opinion that auditor would issue?

O a. adverse opinion.

Ob. unmodified opinion.

Oc disclaimer of opinion.

d. qualified opinion. (đề đang chọn câu này)

*Chúa tể gg trang 8
Câu 6: During an audit fieldwork, the auditor identified that a fixed asset of $50.000 at the
year-end was overstated and recorded at $80,000. Which of following financial statement
assertions is violated

a. Existence.

b. Completeness.

c. Valuation

d. Rights and obligations.

topic 4 - assertion
Câu 5: An entity changed from the straight line method to the declining balance method
of depreciation for all newly acquired assets. This change has no material effect on the
current year's financial statements but is reasonably certain to have a substantial effect in later
years. If the change disclosed in the notes to the financial statements, in the current year the
auditor should issue a report with a[n)

a qualified opinion.

b. unmodified opinion.

c. qualified opinion with explanatory paragraph regarding consistency

d. unmodified opinion with explanatory our paragraph

Câu 4: Which of the following procedures are tests of control?

a. Inquiry and analytical procedures.

b. Inspection and verification

c. Re-performance and observation.

d. Comparison and conformation.

topic 3 part 2

* Trang 9:
3. Which of the following audit procedures is conducted to satisfy the
completeness of accounts receivable?
a. for a sample of shipping documents selected from shipping records, trace each
shipping document to a transaction recorded in the sales journal.
b. sending confirmation letters to customers.
c. determine whether long-term receivables and related party receivables are reported
separately in the financial statements.
d. None of them is correct.

2. When the auditor performs the analytical procedure of a client's accounts

receivable, it is discovered that the turnover of these accounts receivable is
substantially lower for the current year than for the prior year. This analytical
result may indicate that
a. the client recently tightened its credit-granting policies.
b. fictitious credit sales have been recorded during the year.
c. employees have stolen inventory just before year-end. (đề)
d. an employee has been lapping receivables in both years.

2. Which one of the following is NOT one of the five fundamental principles of
professional conduct set out in the Code of Ethics for Professional Accountants?
a. confidentiality.
b. continuing education.
c. integrity.
d. objectivity.
* Chủ rạp trang 7
Câu 6: An audit of financial statements is conducted to determine whether the:
a. none of the above
b. overall financial statements are stated in accordance with specified criteria.
c. auditee is following specific procedures or rules set down by a peer group authority.
d. organisation is operating efficiently and effectively.

Câu 10: Which of the following circumstances that may create self-interest threat?
a. The audit member may be deterred from acting objectively because of actual or perceived
pressures, including attempts to exercise undue influence over the professional accountant.
b. The audit member performs bookkeeping services for the client and then performs an audit
of those financial statements.
c. The audit member has close relationship with an assurance client, its directors and
employees, so he/she becomes too sympathetic to the client's interests.
d. The audit member has a financial interest in a client, and the outcome of a professional
services engagement may affect the fair value of the financial interest.
Self-interest Threats: Đe doạ tư lợi → Câu D khá giống vs VD của loại đe dọa này trên
mạng. Đe dọa tư lợi kiểu như là một loại sai phạm của kiểm/kế toán viên làm trái vs chuẩn
mực để nhận đc lợi ích cá nhân từ KH á.
Câu 8: Which of the following circumstances that may create intimidation threat?
a. The auditor installs payroll system then reviews it during audit.
b. The audit member performs bookkeeping services for the client and then performs an audit
of those financial statements.
c. The auditor owns shares or loans money to organization.
d. The auditee threatens to change auditors if they feel unhappy with audit results.
Intimidation threat: nguy cơ đe dọa → Cái loại đe dọa này kiểu giống như là bị tác động
từ bên ngoài á nên t nghĩ là D, tìm trên mạng thấy ví dụ của kiểu đe dọa này cũng theo
kiểu ng bên ngoài gây áp lực đe dọa z á

Câu 7: In the understanding of measurement of account receivables, the auditor

identified that the allowance for doubtful accounts is based on significant assumptions
made by management. Which of the following risk components is assessed as high?
a. inherent risk.
b. sampling risk.
c. detection risk.
d. control risk.
KTCB-KNC01
https://docs.google.com/document/d/1NvMB61JlBKnkmCYVPYk5MlnvL1e-ZNdz/e
dit
Các ae chịu khó copy phần bài của mình từ bên link trên dán qua đây + giải nhé
Tu hú 1-2
Mành ngáo 3-4
Sư phụ 5-6
Chủ rạp 7-8
Cope 9-10
Đệ tử 11
Thánh google 12

Tu hú 1-2
1. During an audit engagement, the auditor determines that the client engages in
several material transactions with entities owned by family members of several of
the client's senior executives. Which of the following risk components is assessed
as high?
a. detection risk.
b. sampling risk.
c. control risk.
d. inherent risk.
3. Control activities are specific actions established by management in order to
ensure that management’s directives are carried out. Which of the following is
NOT control activities?
a. Authorization and approvals.
b. Verification and reconciliation.
c. Identifying, analyzing, and responding to risks.
d. Control over standing data.
4. In the audit fieldwork, the auditor examined that a transaction of sales account
of $200,000 was understated only at $180,000. Which of following financial
statement assertions is violated
a. Cut-off.
b. Classification.
c. Completeness.
d. Occurrence.
5. In the understanding of measurement of account receivables, the auditor
identified that the allowance for doubtful accounts is based on significant
assumptions made by management. Which of the following risk components is
assessed as high?
a. inherent risk.
b. control risk.
c. sampling risk.
d. detection risk.
6. When considering the arrangement of staffs to an audit engagement, the
manager of the audit engagement must always:
a. be satisfied that the staff has the appropriate expertise and independence.
b. ensure confidentiality is not compromised.
c. ensure the client is satisfied.
d. ensure the audit staff are satisfied.
7. The understanding of internal control is documented by using
a. inspection, inquiry, observation, and past experience.
b. narratives, checklists, and flowcharts.
c. working papers.
d. All are correct.
8. Which of the following factors is most important in determining the sufficiency
of audit evidence?
a. The reliability of the evidence in meeting the objective of audit tests. => Câu
này đúng nhé, đệ tử sure
b. The sampling techniques that the auditor used.
c. The objectivity of the auditor gathering the evidence.
d. The risk of material misstatements and the quality of audit evidence.
9. Which of the following audit tests would be regarded as a substantive test
only?
a. Inspect the reconciliation of shipments to invoices.
b. Interview the sales accountant to verify that whether they perform proper
authorisations for sale orders.
c. Tests of the signatures on purchase orders to a list of approved signatories. (Đ)
d. Tests of the additions to property, plant and equipment by physical inspections.
10. In an audit of financial statements, substantive tests are audit procedures that
a. may be eliminated for an account balance under certain conditions. (loại)
b. will increase proportionately when the auditor decreases the assessed level of
control risk. (loại)
c. are designed to discover significant subsequent events. (loại)
d. may be test of transactions, test of balance, and analytical procedures.
23. During an audit fieldwork, the auditor identified that a fixed asset of
$50,000 at the year-end was overstated and recorded at $80,000. Which of
following financial statement assertions is violated
a. Completeness.
b. Valuation.
c. Existence.
d. Rights and obligations.

24. As the acceptable level of detection risk decreases, the auditor should
a. obtain less audit procedures to have less audit evidence.
b. extent of audit procedures, perhaps by using larger sample sizes.
c. do not extent any audit procedures.
d. perform tests of controls.
25. Adequate separation of duties means that these following functional
responsibilities should be performed by different persons on the entity:
a. authorisation, recording, and custody.
b. authorisation, execution, and payment.
c. custody, execution, and reporting.
d. authorisation, payment, and recording.
26. In an audit of financial statements, substantive tests are audit procedures
that
a. are designed to discover significant subsequent events.
b. may be eliminated for an account balance under certain conditions.
c. may be test of transactions, test of balance, and analytical procedures.
d. will increase proportionately when the auditor decreases the assessed level of
control risk.

27. Which of the following statements is correct about the reliability of audit
evidence?
a. To be reliable, evidence should conclusive rather than persuasive.
b. All are correct.
c. Effective internal control system provides reliable audit evidence.
d. Evidence obtained from outside sources routed through the client.
28. An entity changed from the straight-line method to the declining-balance
method of depreciation for all newly acquired assets. This change has no
material effect on the current year's financial statements but is reasonably
certain to have a substantial effect in later years. If the change is disclosed in
the notes to the financial statements, in the current year, the auditor should
issue a report with a(n):
a. unmodified opinion with explanatory paragraph.
b. qualified opinion with explanatory paragraph regarding consistency.
c. unmodified opinion.
 d. qualified opinion.
29. The process to assess the quality of internal control performance overtime
relates to which of the following internal control components?
a. Risk assessment.
b. Information and communication.
c. Monitoring activities.
d. Control environment.
30. When the auditor makes preliminary assessment of risk, the auditor
recognized that the client fails to detect employee theft of inventory from the
warehouse because the client does not reconcile inventory on hand to
recorded amounts on a timely basis. Which of the following risk components
is assessed as high?
a. detection risk.
b. sampling risk.
c. inherent risk.
d. control risk.
31. Which of the following circumstances that may create self-interest threat?
a. The audit member has close relationship with an assurance client, its
directors and employees, so he/she becomes too sympathetic to the client's
interests.
b. The audit member performs bookkeeping services for the client and then
performs an audit of those financial statements.
c. The audit member has a financial interest in a client, and the outcome of a
professional services engagement may affect the fair value of the financial
interest.
d. The audit member may be deterred from acting objectively because of actual
or perceived pressures, including attempts to exercise undue influence over
the professional accountant.
32. An audit of financial statements is conducted to determine whether the:
a. auditee is following specific procedures or rules set down by a peer group
authority.
b. overall financial statements are stated in accordance with specified criteria.
c. none of the above
d. organisation is operating efficiently and effectively.

Câu Hỏi 3
When the auditor performs the analytical procedure of a client's accounts
receivable, it is discovered that the turnover of these accounts receivable is
substantially lower for the current year than for the prior year. This analytical
result may indicate that
a. the client recently tightened its credit-granting policies.
b. fictitious credit sales have been recorded during the year.
c. an employee has been lapping receivables in both years.
d. employees have stolen inventory just before year-end.
Đệ tử trang 11

14.Test that traces a transition step-by-step through the accounting system

from its inception to the final disposition is called
a. Test of detail
b. Substantive test
c. Test of control
d. Walk through test

15. Users can reduce which type of risk when engaging an independent audit

a. Business risk
b. Strategic risk
c. Legal risk
d. Information risk

17. Identifying and analyzing risks form the basis for

a. Monitoring risks
b. Managing risks
c. Estimating risks
d. Concluding on the internal control
18. Occurrence means
a. Transactions and events have been recorded or disclosed appropriately
b. Transactions and events have been recorded or disclosed fully and pertain to
the entity
c. Transactions and events that have been recorded or disclosed, have
occurred, and pertain to the entity
d. Transactions and events have been measured and recorded or disclosed
properly

19. Effectiveness and efficiency of the entity’s activity pertain to:

a. Operations objectives
b. Compliance objectives
c. Reporting objectives
 d. Management objectives

20. Management of changes that that could significantly impact the system of
internal control belongs to
a. None
b. Risk Assessment => Nguyên tắc 9
c. Control Environment
d. Monitoring activities

21. Professional judgment and skepticism are

a. Complementary
a. Both required to exercise by auditors
b. Optional for auditors to apply
c. Contrary
SuPhu trang 5-6

Chúa tể gg trang 12
22. In addition to independence in mind, an auditor also have to be
independent
a. In appeal
b. In appearance
c. In fact
d. In behaviors
 topic 2
23. If control risk is assessed as high, then tests of control
a. Need to be performed
b. Need to expand the scope
c. Need to be undertaken as planned
d. Need not to be done

topic 3 - part 2
24. Normally there are assertions about
a. Classes of transactions, account balances and related disclosures
b. Classes of transactions, account balances and other disclosures
c. Routine transactions, balance sheet and related disclosures
d. Account balances, related parties and end of period transactions

25. The legal entity organization is

 a. The same with the management operating model
b. Much different from the management operating model
c. Often different from the management operating model
d. Seldom different from the management operating mode

2 câu cuối:
19. Principles relating to control activities are
a. 6,7,8
b. 11, 12, 13
c. 10,11,12
d. 8, 9, 10

topic 3 part 1
24. Reporting objectives are
a. Not related to information and communication component
b. Included in the information and communication component
c. The same with the information and communication component
d. Different from the information and communication component
* Chủ rạp trang 7-8
Câu Hỏi 4 In the audit fieldwork, the auditor examined that a transaction of
sales account of $200,000 was understated only at $180,000. Which of
following financial statement assertions is violated
a. Cut-off.
b. Classification.
c. Occurrence. (đề chọn)
d. Completeness.

Câu Hỏi 8 During an audit fieldwork, the auditor identified that a fixed asset of
$50,000 at the year-end was overstated and recorded at $80,000. Which of
following financial statement assertions is violated
a. Valuation.
b. Existence.
c. Completeness.
d. Rights and obligations.
Câu Hỏi 10 Which of the following audit procedures is conducted to satisfy the
completeness of accounts receivable?
a. for a sample of shipping documents selected from shipping records, trace
each shipping document to a transaction recorded in the sales journal.
b. determine whether long-term receivables and related party receivables are
reported separately in the financial statements. → classification
c. sending confirmation letters to customers. → existence
d. None of them is correct.
Câu Hỏi 11
In completing an audit engagement of a manufacturer of electrical
components, the auditor identified that there was a significant decrease in
price of inventory products. However, management refused to increase the
reserve for the obsolescence. Auditor has obtained appropriate and sufficient
audit evidence to state that this decrease of inventory value was material and
pervasive. Please identify the most appropriate audit opinion that auditor
would issue
a. adverse opinion.
b. qualified opinion.
c. unmodified opinion.
d. disclaimer of opinion.
Câu Hỏi 12
Which of the following circumstances that may create self-interest threat?
a. The audit member has close relationship with an assurance client, its
directors and employees, so he/she becomes too sympathetic to the client's
interests.
b. The audit member has a financial interest in a client, and the outcome of a
professional services engagement may affect the fair value of the financial
interest.
c. The audit member may be deterred from acting objectively because of actual
or perceived pressures, including attempts to exercise undue influence over
the professional accountant.
d. The audit member performs bookkeeping services for the client and then
performs an audit of those financial statements.
Câu Hỏi 15
During an audit engagement, it is recognized that the assigned staffs of the
audit engagement lack the necessary skills to identify actual misstatements of
sales and account receivables. This scenario relates to
a. sampling risk.
b. control risk.
c. inherent risk.
d. detection risk.
Câu Hỏi 17 When considering the arrangement of staffs to an audit
engagement, the manager of the audit engagement must always:
a. ensure confidentiality is not compromised.
b. be satisfied that the staff has the appropriate expertise and independence.
c. ensure the audit staff are satisfied.
d. ensure the client is satisfied.
Câu Hỏi 18
Which of the following audit procedures is conducted to satisfy the existence
of inventories? (xem lại nha)
a. Observing physical counts of the inventories by independent auditor at the
time of counting.
b. Inspecting the purchasing documents and good receipt notes, trace each
purchasing document to a transaction recorded in the purchases journal.
c. None of them is correct.( đề chọn)
d. Obtaining an adequate understanding of the client's physical observation of
inventory.

Câu Hỏi 20
Since the controller of an audited company did not allow the appointed auditor
to send confirmation of trade receivables to some of its major customers, the
auditor is unable to satisfy himself about the fair presentation of these
receivable balances. If the amounts of these receivables are material and not
pervasive in relation to the audited company’s financial statements, which is
the most appropriate audit opinion that auditor would issue?
a. disclaimer of opinion.
b. qualified opinion.
c. adverse opinion.
d. unmodified opinion.
21. Which of the following circumstances that may create intimidation threat?
(nguy cơ đe dọa)
a. The auditor installs payroll system then reviews it during audit.
b. The auditor owns shares or loans money to organization.
c. The audit member performs bookkeeping services for the client and then
performs an audit of those financial statements.
d. The auditee threatens to change auditors if they feel unhappy with audit
results.

CÂU HỎI:
1. Fill the blank in this sentence: …. the audit risk, …. the materiality and …
the audit evidence
b. Lower, higher, higher

2. What is the meaning of the rule that requires the auditor be

independent?
c. The auditor must be without bias with respect to the client under audit.
3. The sequence of step that the auditor considers internal control in a
financial report audit is as follows
b. Obtain an understanding, make a preliminary assessment of control risk, perform
tests of control, design substantive procedures.

ĐỀ HUỆ
1. Categories of objectives in internal control are:
a. Distinct and overlapping
b. Common and differential
c. Different and overlapping
 d. Distinct and overlapping
2. Things that management implicitly or otherwise makes regarding
recognition, measurement and presentation of financial information are called
a. Confirmation
b. Representation
c. Assertions
d. Conclusions
3. Effectiveness and efficiency of the entity’s activity are subject to
a. State audit
b. Financial Statement audit
c. Operational Audit
d. Compliance audit
4. Internal control considers establishment of objectives as
a. Unnecessary
b. A precondition
c. A concurrent event
d. A part of it
5. The importance of internal control and expected standards of conduct are
mostly reflected in:
a. Control activities
b. Control environment
c. Risk assessment
d. Monitoring activities
6. Substantive tests are
a. Big concern of auditors in financial statement audit
b. Compulsory only in financial statement audit of listed companies
c. Compulsory in every financial statement audit
d. Optional in every financial statement audit
7. What are the important terms in definition of internal control by COSO:
a. Objectives. People, Organization and Reasonable Assurance
b. People. Organization. Objectives, and Reasonable Assurance
c. Process. Organization. People and Objectives
d. People, Process, Objectives, and Reasonable Assurance
8. Reporting objectives of internal control means:
a. Financial reporting
b. Internal reporting
c. Internal and external reporting
d. Internal and external financial and non-financial reporting
9. Safeguarding of assets belongs to:
a. Operations objectives
b. Compliance objectives
c. All categories of objectives
d. Reporting objectives
10. in order to get the certificate of CPA, a person must have working
experience of at least
a. 30 months
b. 24 months
c. 5 years
d. 36 months

12. Independent auditors

a. should not use the work of internal auditors
b. are not allowed to use the work of internal auditors
c. can use the work of internal auditors
d. cannot use the work of internal auditors
13. Auditor’s understanding of the internal control in financial statement audit
is
a. Not necessary in case of small companies
b. Compulsory only in case of big companies
c. Optional
d. Compulsory

Đề cô Loan
Link ảnh cần gg lens (dành cho ae nào chưa lens):
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C
Link bài docs đã gg lens (1 phần):
https://docs.google.com/document/d/1iqLB_Djuwtp9Teuu2dUbFssz43h7WIlCr8GKk
6aD_Wk/edit
Các ae chịu khó copy phần bài của mình từ bên link trên dán qua đây (gg lens nếu
chưa) nhé

Tuhu
Question 1: In the audit of accounts payable, an auditor's procedures will most
likely focus primarily on management's assertion about account balances of

a. valuation and allocation

b. classification and understandability

c. existence

d completeness (Đ)

Question 2: Which one of the following is NOT one of the five fundamental
principles of professional conduct set out in the Code of Ethics for Professional
Accountants?

a confidentiality

b. continuing education (Đ)

c. integrity

d. objectivity

Question 3: The primary difference between operational auditing and financial

auditing is that in operational auditing:

a. The operational auditor can use analytical skills and tools that are not necessary in
financial auditing.

b. The operational auditor is not concerned with whether the audited activity is
generating information in compliance with financial accounting standards.

c. The operational auditor starts with the financial statements of an activity being
audited and works backward to the basic processes involved in producing them.

d. The operational auditor is seeking to help management use resources in the most
effective manner possible. (Đ)
Question 4: Using the same auditor team on an assurance engagement over a
long period of time most likely creates which of the following threats to auditor
independence?

a. self-review

b. intimidation

c. self-interest.

d. familiarity (Đ)

Question 5: Which of the following correctly describes an internal control

component?

a Control activities set the tone of the organization

b. information and communication systems have to do with management's analysis of

risk

c. Risk assessment relates to assessing the quality of the internal control structure over
time

d. Monitoring relates to ongoing assessment by management to determine whether

controls are operating as intended (Đ)
*Mành
12.Which of the following factors is most important in determining the
appropriateness of audit evidence?
a. The objectivity of the auditor gathering the evidence.
b. The risk of material misstatements.
c. The quantity of the evidence obtained.
d. The reliability of the evidence in meeting the objective of audit tests.

13. The date of the CPA's opinion on the financial statements of the client should
be the date of the
a. Submission of the report to the client.
b. Completion of all important audit procedures.
c. Finalization of the terms of the audit engagement.
d. Closing of the client's books.
14. An entity changed from the straight line method to the declining balance
method of depreciation for all newly acquired assets. This change has no material
effect on the current year's financial statements but is reasonably certain to have
a substantial effect in later years. If the change is disclosed in the notes to the
financial statements, in the current year, the auditor should issue a report with
a(n):
a. unmodified opinion with explanatory paragraph.
b. unmodified opinion.
c qualified opinion.
d. qualified opinion with explanatory paragraph regarding consistency.
15. Actions, policies, and procedures that reflect the overall attitude of
management, directors, and owners of the entity about internal control relate to
which of the following internal control components?
a. Monitoring
b. Risk assessment
C. Control environment
d. Information and communication
16. Which of the following best describes the reason why an independent auditor
reports on financial statements?
a. Poorly designed internal controls may be in existence
b. A misstatement of account balances may exist and is generally corrected as the
result of the independent auditors work.
c. Different interests may exist between the company preparing the statements
and the persons using the statements.
d. A misappropriation of assets may exist, and it is more likely to be detected by
independent auditors.
17. Which of the following characteristics is most likely to heighten an auditor's
concern about the risk of material misstatements due to fraud in an entity's
financial statements?
a. The entity's industry is experiencing declining customer demand.
b. The board of directors is active in overseeing the entity's financial reporting
policies.
c. Internal auditors have direct access to the board of directors and the entity's
management.
d. Employees who handie cash receipts are not bonded.

*Chúa tể GG (4-6)
Câu 6: Inherent risk and control risk differ from planned detection risk in that they:
a. arise from the misapplication of auditing procedures
 b. may be assessed in either quantitative or non-quantitative terms
c. exist independently of the financial statement audit.
d. can be changed at the auditor's discretion
Question 7: It is always a good idea for auditors to begin an audit with the
professional skepticism characterized by the assumption that:
a. Financial statements and financial data are verifiable.
b. In audits of financial statements, the auditor acts exclusively in the capacity of an
auditor.
c. The professional status of the independent auditor imposes commensurate
professional obligations.
d. A potential conflict of interest always existed between the auditor and the
management of the enterprise under audit.
Question 8: In performing tests of controls, auditor would most likely use which of
the following audit procedures that leave no transaction trail is:
a. observation.
b. interview.
c. re-performance.
d. inspection.
The correct answer is: observation.
Question 9 Which of the following would not be classified as an analytical
procedure?
a. Reconciling fixed asset dispositions with the fixed asset ledger.
b. Estimating the client's depreciation expense using the client's accounting policies
for capital expenditures made during the year and comparing to actual depreciation
expense.
c. Performing variance analysis of actual versus budgeted amounts for production.
d. Benchmarking the company's profitability ratios against others in the industry.
Question 10: Independent auditors of financial statements perform audits that reduce
a. Business risk faced by investors
b. Timeliness of financial statements
c. Information risk faced by investors
d. Complexity of financial statements
Question 11: Which of the following best describes why an independent auditor is
asked to express an opinion on the fair presentation of financial
statements?
a. the opinion of an independent party is needed because a company may not be
objective with respect to its own financial statements
b. it is management's responsibility to seek available independent aid in the
appraisal of the financial information shown in its financial statements
 c. it is difficult to prepare financial statements that fairly present a company's
financial position, operations, and cash flows without the expertise of an independent
auditor
d. it is a customary courtesy that all stock-holders of a company receive an
independent report on management's stewardship of the affairs of the business

*trang 10-12
18. Which of the following would not be considered an inherent limitation of the
potential effectiveness of an entity's internal control structure?
a. Collusion among employees
b. Mistakes in judgment
c. Management override
d. Incompatible duties
19. The auditor issued an unmodified opinion audit report in which the financial
statements are fairly presented. However, the auditor believes it is important to
provide additional information, since the auditor wants to draw the attention of
the readers towards these vital matters. This paragraph can be added in the
audit report as a(n):
a. other matter paragraph
b. audit opinion
c. emphasis of matter paragraph
d. basis for audit opinion
20. Which of the following audit assertions is relevant to the audit procedure:
"Comparing original amount of inventory costs with the current market prices
of actual sales"
a. Accuracy
b. Existence
c. Completeness
d. Valuation and allocation
21. Some account balances, such as those for pension and leases, are the result of
complex calculations. The susceptibility to material misstatements in these types
of accounts is defined as:
a. detection risk
b. audit risk
c. sampling risk
d inherent risk
22. Analytical procedures used in planning an audit should focus on identifying:
a. material weaknesses in internal control.
b. areas that may represent specific risks relevant to the audit.
c. the predictability of financial data from individual transactions.
d. the various assertions that are embodied in the financial statements.

23. Which of the following audit tests would be regarded as a substantive test
only?
a. Tests of the signatures on purchase orders to a list of approved signatories.
b. Interview the sales accountant to verify that whether they perform proper
authorisations for sale orders.
c. Tests of the additions to property, plant and equipment by physical inspections.
d. Comparing inventory good receipt notes, pricing list to vendors' invoices,

*Đệ tử (trang 16 -18)

Question 30
In an attestation engagement, a CPA practitioner is engaged to:

a. Prepare a written report containing a conclusion about the reliability of a

management assertion.

b. Give expert testimony in court on particular facts in a corporate income tax

controversy.
c. Compile a company's financial forecast based on management's assumptions
without expressing any form of assurance

d. Prepare a tax return using information the CPA has not audited or reviewed.

The correct answer is: Prepare a written report containing a conclusion about the
reliability of a management assertion.

Question 31
Which of the following factors is most important in determining the sufficiency of
audit evidence?

a. The objectivity of the auditor gathering the evidence.

b. The risk of aterial misstatements and the quality of audit evidence.

c. The sampling techniques that the auditor used.

d. The reliability of the evidence in meeting the objective of audit tests.

The correct answer is: The reliability of the evidence in meeting the objective of audit
tests.

Question 32
The auditor's responsibility regarding material misstatements caused by fraud is

a. less than the auditor's responsibility regarding material misstatements caused by

error

b. greater than the auditor's responsibility regarding material misstatements caused by

error

c either less than or greater than the auditor's responsibility regarding material
misstatements caused by error, depending on the circumstances

d. the same as the auditor's responsibility regarding material misstatements caused by

error

The correct answer is: the same as the auditor's responsibility regarding material
misstatements caused by error
Question 33
The auditor uses knowledge gained from the understanding of the client's business and
industry to assess:

a. control risk.

b. audit risk.

c. inherent risk.

d. client business risk.

Question 34
Which of the following circumstances would most likely cause an auditor to suspect
that there are material misstatements in an entity's financial statements?

a. The entity's management strictly enforces its integrity and ethical values.

b. Monthly bank reconciliations ordinarily include several outstanding checks.

c. Management outsources the internal audit function to another CPA firm.

d. The auditor identifies an inappropriate valuation method that is widely applied by

the entity.

The correct answer is: The auditor identifies an inappropriate valuation method that is
widely applied by the entity.

Câu 35
When auditor consider the red flags of fraudulent in FSs, what is the appropriate
activities they prefer to:

a. Report the matter to Office of the State Comptroller

b. Announce to Securities and Exchange Commission

c. Report the matter to management as soon as possible.

d. Announce to the matter to management in the management letter.

36. A determination of cost savings obtained by outsourcing cafeteria services is
most likely to be an objective of:
a. Compliance auditing.
b. Operational auditing.
c. Environmental auditing.
d. Financial auditing.
37. In a financial statement audit. the auditor obtains a reasonable level of
assurance about whether the financial statements are free of material
misstatement in order to express an opinion. In order to obtain reasonable
assurance, the auditor must
a. have prior experience in the industry in which the audit client operates
b. obtain sufficient audit evidence
c. test controls around significant transaction cycles
d. examine all documents available that support the financial statements

38. An auditor strives to achieve independence in appearance to

a. become independent in fact.
b. comply with the auditing standards related to audit performance.
c. maintain public confidence in the profession.
d. maintain an unbiased mental attitude.
39. Which of the following statements reflects an auditor's responsibility for
detecting fraud?
a. An auditor is responsible for detecting employee errors and simple fraud, but not for
discovering fraudulent acts involving employee collusion or management override.
b. An auditor is not responsible for detecting fraud unless the application of auditing
standards would result in such detection.
c. An auditor should design the audit to provide reasonable assurance of detecting
errors and fraud that are material to the financial statements.
d. An auditor should plan the audit to detect fraud caused by departures from GAAP.

40. Cash receipts from sales on account have been misappropriated. Which of the
following acts will conceal this embezzlement and be least likely to be detected by
the auditor?
a. Overstating the accounts receivable control account
b. Understating the cash receipts journal
c. Overstating the accounts receivable subsidiary records
d. Understating the sales journal

● Chủ rạp trang 13-15

Question 24: Compliance auditing often extends beyond aud its leading to the
expression of opinions on the fairness of financial presentation and includes
audits of efficiency, economy, effectiveness, as well as
a. evaluation.
b. internal control.
c. accuracy.
d. adherence to specific rules or procedures.

Question 25: An auditor reviews aged accounts receivable to assess likelihood of

collection to support management's assertions about account balances of
a. rights and obligations Because
b. completeness
c. valuation and allocation.
d. existence

Question 26: What requirements are usually necessary to become licensed as a

certified public accountant?
a. All of the above.
b. Experience in the accounting field.
c.Education.
d. Successful completion of the Uniform CPA Examination.

Question 27: If an independent audit leading to an opinion on financial

statements causes the auditor to believe that a material misstatement due to
fraud exists, the auditor should first
a. consider the implications for other aspects of the audit and discuss the matter with
the appropriate levels of management.
b. make the investigation necessary to determine whether fraud has actually occurred.
c. request that management investigate to determine whether fraud has actually
occurred.
d. consider whether fraud was the result of a failure by employees to comply with
existing controls.

Question 28: Which of the following is least likely to suggest to an auditor that
the client's management may have overridden internal control?
a. There have been two new controllers this year.
b. Management does not correct internal control weaknesses that it knows about.
c. Differences are always disclosed on a computer exception report.
d. There are numerous delays in preparing timely internal financial reports.
Question 29: Which of the following best describes the operational audit?
a. It focuses on verifying the fair presentation of a company's results of operations.
b. It requires the constant review by internal auditors of the administrative controls as
they relate to the operations of the company.
c. It concentrates on seeking aspects of operations in which waste could be reduced by
the introduction of controls.
d. It concentrates on implementing financial and accounting control in a newly
organized company.

Đề thầy Nghĩa
https://docs.google.com/document/d/1kJa0_PLiVqSBLwBT_6T9MOWgZd29-YWue
VZCCNW52oY/edit
Nhờ bé tu hú đưa lên 1 số câu đệ tử chụp sót bài Mr.Nghĩa lên cái link trên lun nho!
Các ae chịu khó copy phần bài của mình từ bên link trên dán qua đây + giải nhé

Tuhu trang 1, 2
Câu Hỏi 1

Management assertions are often mentioned about

O a. Classes of transactions, account balances and other disclosures

O b. Account balances, related parties and none routine transactions

O c. Routine transactions, balance sheet and related disclosures

d. Classes of transactions, account balances and related disclosures

Câu Hỏi 2
Control activities that establish what is expected called

a. Control objects

O b. Control procedures

O c. Control processes

d. Control policies

Câu Hỏi 3

Changes that could significantly impact the system of internal control need to be

O a. Identified and monitored

Ob. Identified and assessed

O c. Cautious

O d. Analyzed and measured

Câu Hỏi 4

In regards to internal control components, internal control principles can be

described as

O a. Precondition to components

O b. Fundamental concepts related to components

Oc. Not related to components

O d. A result of components

Câu Hỏi 5
An audit firm operating in Vietnam must store its audit files and documentation
for at least

O a. 20 years

b. 5 years

O c. 15 years

d. 10 years

Câu Hỏi 6: Independent auditors help users reduce

a. Control risk

b. Business risk

c. Legal risk

d. Information risk

Câu Hỏi 7: The management operating model is

a. Much different from the legal entity structure

O b. The same with the legal entity structure

O c. Rarely different from the legal entity structure

d. Often different from the legal entity structure

● Chủ rạp trang 6:

Câu Hỏi 18
An auditor efforts to achieve independence in appearance to
O a. comply with the auditing standards of field work.
O b. become independent in fact.
c. maintain an unbiased mental attitude.
O d. maintain public confidence in the profession.
Câu Hỏi 19
What audit term that allows the auditor to reduce the risks of overlooking unusual
circumstances and overgeneralizing when drawing conclusions from audit
observations?
O a. Professional judgment
O b. Professional behaviors
O c. Professional ethics
Od. Professional skepticism

Câu Hỏi 20
Setting objectives is
O a. An element of control environment
Ob. Precondition to internal control
Oc. A part of internal control
O d. Concurrent with internal control

*trang 7
Câu Hỏi 21
Which of the following terms exist in definition of internal control by COSO:
O a. Objectives, People, Organization and Reasonable Assurance
Ob. People, Process, Objectives, and Reasonable Assurance
O c. Process, Organization, People and Objectives
O d. People, Organization, Objectives, and Reasonable Assurance
Câu Hỏi 21: Which of the following terms exist in definition of internal control by
COSO:
a. Objectives, People, Organization and Reasonable Assurance
b. People, Process, Objectives, and Reasonable Assurance
c. Process, Organization, People and Objectives
d. People, Organization, Objectives, and Reasonable Assurance

Câu Hỏi 23: Contrasting to the independent auditor, an internal auditor is more likely
to be concerned with
a. Cost accounting procedures.
b. Revenues recognition procedures.
c. Operational auditing.
d. Internal controls.

Câu Hỏi 24: Control risk is

a. Another name of risk of material misstatement
b. A part of risk of material misstatement
c. The same with risk of material misstatement
d. Bigger than risk of material misstatement

Câu Hỏi 25: Assessment of control risk

a. Is the same result among auditors
b. Need to publicly disclose
c. Need to communicate and get agreement with client’s management
d. Is a professional matter of auditors

Đệ tử (trang 8)
Câu Hỏi 25
Assessment of control risk
a. Is the same result among auditors
O b. Need to publicly disclose
c. Need to communicate and get agreement with client's management
O d. Is a professional matter of auditors

Câu Hỏi 1 Rủi ro có sai sót trọng yếu là kết hợp của (c4)

a Rủi ro tiềm tàng và rủi ro kiểm toán

b. Rủi ro tiềm tàng và rủi ro kiểm soát
c. Rủi ro kiểm soát và rủi ro phát hiện
d. Rủi ro tiềm tàng và rủi ro phát hiện

Câu Hỏi 2 Người chịu trách nhiệm cao nhất về báo cáo tài chính (BCTC) của đơn vị là

a. giám đốc hoặc người đứng đầu doanh nghiệp có BCTC được kiểm toán
b. kế toán trưởng của đơn vị có BCTC được kiểm toán
c. kiểm toán viên độc lập đã kế toán BUTC đó
d. Trước tiên là giám đốc hoặc người đứng đầu doanh nghiệp có BCTC được kiểm. sau đó là
kiểm toán độc lập

3. Để đăng ký hành nghề kiểm toán cần đáp ứng điều kiện gì:
a. Tất cả các điều kiện (thầy giảng bài, đệ tử ghi lại v)
b. Có chứng chỉ kiểm toán viên
c. Tham gia đầy đủ chương trình cập nhật kiến thức
d. Có từ 36 tháng kinh nghiệm làm kiểm toán trở lên

4. Mức độ đảm bảo của dịch vụ kiểm toán BCTC là:

a. Đảm bảo tối thiểu
b. Đảm bảo hợp lý
c. Đảm bảo tối đa
d. Đảm bảo chắc chắn

5. Theo báo cáo COSO có bao nhiêu nguyên tắc kiểm soát nội bộ?
a. 15
b. 17
c. 18
d. 16
*Google trang 9
6. Hãy chọn câu diễn tả đúng về “thử nghiệm kiểm soát”:
a. Không cho biết về tính xác thực của các số liệu trên báo cáo tài chính
b. Kiểm toán viên cần cân nhắc chi phí để thực hiện các thử nghiệm kiểm soát
c. Tất cả các trường hợp
d. Chỉ cho biết về thiết kế và vận hành của hệ thống kiểm soát nội bộ

7. Các biện pháp quản trị rủi ro mà nhà quản lý có thể lựa chọn bao gồm:
a. Chấp nhận, giảm thiểu và chia sẻ rủi ro
b. Chia sẻ rủi ro và giảm thiểu rủi ro
c. Chấp nhận, chia sẻ, giảm thiểu và né tránh rủi ro
d. Chấp nhận rủi ro

8. Trường hợp nào dưới đây doanh nghiệp kiểm toán bị cấm thực hiện kiểm toán báo
cáo tài chính:
a. Đang hoặc đã thực hiện trong năm trước liền kề công việc ghi sổ kế toán cho đơn vị được
kiểm toán
b. Tất cả các trường hợp
c. Đang hoặc đã thực hiện trong năm trước liền kề công việc kiểm toán nội bộ cho đơn vị
được kiểm toán
d. Đang hoặc đã thực hiện trong năm trước liền kề công việc lập báo cáo tài chính cho đơn vị
được kiểm toán

Link:
https://luatduonggia.vn/cac-truong-hop-kiem-toan-vien-hanh-nghe-khong-duoc-thuc-hien-kie
m-toan/
9. Kiểm toán viên dùng công thức rủi ro kiểm toán để lượng hóa rủi ro, nhưng cần lưu ý
điều gì:
a. Công thức có độ chính xác không cao
b. Cần thận trọng với kết quả tính toán
c. Đây không phải là công thức toán học thuần túy
d. Sai sót trong quá trình tính toán
(thầy nói)

10. Với một mức rủi ro kiểm toán đã xác định, nếu rủi ro tiềm tàng và rủi ro kiểm soát
được đánh giá là cao thì rủi ro phát hiện sẽ:
a. Chưa thể xác định
b. Trung bình
c. Cao
d. Thấp

11. Cơ sở dẫn liệu nào dưới đây liên quan đến thủ tục chứng kiến kiểm kê hàng tồn kho
tại một công ty thương mại:
a. Hiện hữu
b. Chính xác
c. Đầy đủ
d. Quyền sở hữu

Chương 3
(Phần này dành cho Sư phụ + Tu hú + Đệ tử)
https://drive.google.com/file/d/1xA4HwmA6Y3LFUobfVZyQjyF3J2GHqSk1/view

Câu 1-3: Sư phụ

Cau 1: Kiểm tra việc lập dự phòng nợ phải thu khó đòi giúp kiểm toán viên xem
xét sai sót của cơ sở dẫn liệu nào sau đây đối với khoản mục nợ phải thu:
a. Đánh giá và phân bổ
O b. Đầy đủ
c. Hiện hữu
O d. Quyền và nghĩa vụ
Cau 2: Thí dụ nào dưới đây là rủi ro kiểm soát:
O a. Giám đốc được trả lương theo lợi nhuận
O b. Hàng tồn kho có giá trị cao và kích thức nhỏ
c. Kiểm toán viên chính thiếu giám sát các trợ lý khi họ thực hiện chương trình
kiểm toán
O d. Các nhân viên không tuân thủ quy định của công ty
Cau 3: Kiểm toán viên chọn mẫu hóa đơn bán hàng, Phiếu xuất kho để kiểm tra việc
ghi nhận trên sổ chi tiết doanh thu. Việc kiểm tra như vậy sẽ giúp đánh giá cơ sở dẫn
liệu nào:
a. Hiện hữu (đề chọn và bị sai)
b. Đầy đủ
c. Hiện hữu
d. Tính chính xác
→ Câu này không chắc bởi vì sao là bởi vì là hợp với cái Occurrence hơn. Mà câu này
2 đáp án bị trùng —> có thể câu này lỗi đáp án

Câu 4-6: Tu hú
Câu Hỏi 4: Chứng kiến kiểm kê hàng tồn kho là thủ tục kiểm toán nào sau đây:

a. Thủ tục phân tích cơ bản

b. Kiểm tra chi tiết giao dịch
c. Thử nghiệm kiểm soát
d. Kiểm tra chi tiết số dư

Câu Hỏi 5: Khi bị khách hàng từ chối không cho tiếp xúc với kiểm toán viên tiền
nhiệm, kiểm toán viên phải:

a. Cân nhắc về khả năng nhận lời kiểm toán

b. Nghi vấn việc áp dụng nhất quán nguyên tắc kế toán
c. Gặp kiểm toán viên tiền nhiệm không cần đến sự đồng ý của khách hàng
d. Điều chỉnh kế hoạch kiểm toán sơ bộ

Câu Hỏi 6: Thủ tục thu thập bằng chứng nào dưới đây mà kiểm toán viên thực
hiện không đáp ứng mục tiêu kiểm toán

a. Gửi thư xác nhận nợ phải thu để đánh giá cơ sở dẫn liệu hiện hữu
b. Kiểm tra việc ghi chép từ chứng từ đến sổ sách để đánh giá cơ sở dẫn liệu đầy đủ.
c. Chứng kiến kiểm kê hàng tồn kho nhằm xem xét cơ sở dẫn liệu toán quyền
d. Tính toán lại số dư tài khoản tiền là ngoại tệ theo tỷ giá cuối kỳ để đánh giá cơ sở
dẫn liệu tính chính
xác

Câu 7-10: Đệ tử
Câu Hỏi 7 : Đối với cơ sở dẫn liệu quyền của khoản mục hàng tồn kho thì bằng chứng
kiểm toán viên thu thập được phù hợp nhất là:
a. Hóa đơn mua hàng
b. Biên bản kiểm kê hàng tồn kho do đơn vị thực hiện (câu này đang chọn bị sai)
c. Phiếu nhập kho tại đơn vị (maybe câu này)
d. Đơn đặt hàng

Câu Hỏi 8 Rủi ro sai sót trọng yếu ở cấp cơ sở dẫn liệu bao gồm:
a. Rủi ro kinh doanh &amp; rủi ro tiềm tàng
b. Rủi ro tiềm tàng &amp; rủi ro phát hiện
c. Rủi ro kinh doanh &amp; rủi ro kiểm soát
d. Rủi ro tiềm tàng &amp; rủi ro kiểm soát

Câu 9: Tình huống nào dưới đây làm tăng rủi ro phát hiện:
a. Chọn mẫu thực hiện kiểm tra chi tiết số dư không đại diện cho tổng thể
b. Quản đốc phân xưởng được phép mua vật liệu sử dụng cho sản xuất khi thấy cần
thiết mà không cần xin phép.
c. Khi chứng kiến kiểm kê hàng tồn kho, kiểm toán viên thấy hệ thống kiểm soát nội
bộ được cải thiện đáng kể. Tuy nhiên, do những thay đổi kỹ thuật, một số lượng hàng
tồn kho đã bị lỗi thời.
d. Không thực hiện sự phân công nhiệm vụ đầy đủ

Câu Hỏi 10 Hoàn thành Đạt điểm 1,00 trên 1,00

Nhân tố nào sau đây ảnh hưởng dến rủi ro tiềm tàng đối với khoản mục doanh thu:
a. Do cạnh tranh, doanh nghiệp buộc phải chấp nhận đổi hàng hóa hoặc trả lại tiền
nếu khách yêu cầu
b. Việc ghi sót các hóa đơn bán hàng do hóa đơn không được đánh số liên tục
c. Doanh nghiệp mới đưa vào sử dụng một phần mềm theo dõi doanh thu tự động
d. Các lệnh bán hàng không được xét duyệt bởi người có thẩm quyền
Test 1 - ENG (10 trang -40 câu)
https://docs.google.com/document/d/1hy-cm78IO_qV52_JMAkWlaldlO5EE9nG/edit
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Câu 1 - 17: Tu hú
Question 1: If an independent audit leading to an opinion on financial statements
causes the auditor to believe that a material misstatement due to fraud exists, the
auditor should first

a. consider whether fraud was the result of a failure by employees to comply with
existing controls

b. request that management investigate to determine whether fraud has actually

occurred.

c. make the investigation necessary to determine whether fraud has actually occurred.
(Đ)

d. consider the implications for other aspects of the audit and discuss the matter with
the appropriate levels of management

Question 2: Which of the following does not increase the need for sufficient
appropriate audit evidence?

a. a lower acceptable audit risk

b. A decrease in the assessed inherent risk (Đ)

c. can increase in the assessed control risk

d. a lower acceptable level of detection risk

Question 3: The auditor's responsibility regarding material misstatements caused

by fraud is

a. the same as the auditor's responsibility regarding material misstatements caused by

error (Đ)

b. either less than or greater than the auditor's responsibility regarding material
misstatements caused by error, depending
c. greater than the auditor's responsibility regarding material misstatements caused by
error

d. less than the auditor's responsibility regarding material misstatements caused by

error

Question 4: An auditor discovers that a client's accounts receivable turnover is

substantially lower for the current year than for the prior year. This trend may
indicate that

a employees have stolen inventory just before year-end

b. the client recently tightened its credit-granting policies.

c. fictitious credit sales have been recorded during the year. (Đ)

d an employee has been lapping receivables in both years

Question 5: Which of the following best describes why an independent auditor is

asked to express an opinion on the fair presentation of financial statements?

a it is difficult to prepare financial statements that fairly present a company's financial

position, operations, and cash flows without the expertise of an independent auditor

b. the opinion of an independent party is needed because a company may not be

objective with respect to its own financial statements(Đ)

c. It is management's responsibility to seek available independent aid in the appraisal

of the financial information shown in its financial statements

d. it is a customary courtesy that all stock-holders of a company receive an

independent report on management's stewardship of the affairs of the business

Question 6: Analytical procedures used in planning an audit should focus on

identifying

a. material weaknesses in internal control.

b. the various assertions that are embodied in the financial statements.

c. the predictability of financial data from individual transactions.

d. areas that may represent specific risks relevant to the audit.(Đ)

Question 7: Which of the following characteristics is most likely to heighten an

auditor's concern about the risk of material misstatements due to fraud in an
entity's financial statements?

a. Internal auditors have direct access to the board of directors and the entity's
management

b. Employees who handle cash receipts are not bonded

c. The board of directors is active in overseeing the entity's financial reporting policies

d. The entity's industry is experiencing declining customer demand.(Đ)

Question 8: Which of the following audit assertions is relevant to the audit

procedure “Comparing original amount of inventory costs with the current
market prices of actual sales”

a. Existence

b. Accuracy

c. Valuation and allocation(Đ)

d. Completeness

Question 9: In a financial statement audit. the auditor obtains a reasonable level

of assurance about whether the financial statements are free of material
misstatement in order to express an opinion. In order to obtain reasonable
assurance, the auditor must

a. obtain sufficient audit evidence(Đ)

b. test controls around significant transaction cycles

c. have prior experience in the industry in which the audit client operates
d examine all documents available that support the financial statements

Question 10: An independent auditor has the responsibility to design the audit to
provide reasonable assurance of detecting errors and fraud that might have a
material effect on the financial statements. Which of the following if material is a
fraud as defined in auditing standards?

a Misinterpretation of facts that existed when the financial statements were prepared

b. Clerical mistakes in the accounting data underlying the financial statements

c. Mistakes in the application of accounting principles

d. Misappropriation of an asset or group of assets(Đ)

Question 11: In an attestation engagement, a CPA practitioner is engaged to:

a Give expert testimony in court on particular facts in a corporate income tax

controversy

b. Prepare a written report containing a conclusion about the reliability of a

management assertion.(Đ)

c. Compile a company's financial forecast based on management's assumptions

without expressing any form of assurance

d. Prepare a tax return using information the CPA has not audited or reviewed

Question 12: Compliance auditing often extends beyond audits leading to the
expression of opinions on the fairness of financial presentation and includes
audits of offices economy effectiveness, as well as

a. adherence to specific rules or procedures.(Đ)

b evaluation.

c. accuracy.

d. internal control
Question 13: As the acceptable level of detection risk decreases, the auditor
should

a. extent of audit procedures, perhaps by using larger sample sizes (Đ)

b. obtain less audit procedures to have less audit evidence

c. perform tests of controls

d. do not extent any audit procedures

Question 14: Which one of the following is NOT one of the five fundamental
principles of professional conduct set out in the Code of Ethics for Professional
Accountants?

a. confidentiality

b. integrity

c. objectivity

d. continuing education(Đ)

Question 15: Actions, policies, and procedures that reflect the overall attitude of
management, directors, and owners of the entity about internal control relate to
the following internal control components?

a. Monitoring

b. Risk assessment

c. Information and communication

d. Control environment (Đ)

Question 16: Which of the following best describes the reason why an
independent auditor reports on financial statements?

a. A misstatements of account balances may exist and is generally corrected as the

result of the independent auditor's work
b. A misappropriation of assets may exist, and it is more likely to be detected by
independent auditors

c. Different interests may exist between the company preparing the statements and the
persons using the statements. (Đ)

d. Poorly designed internal controls may be in existence

Question 17: What requirements are usually necessary to become licensed as a

certified public accountant?

a. Successful completion of the Uniform CPA Examination

b. Experience in the accounting field.

c. All of the above. (Đ)

d. Education

Câu 18 - 34: Mành

18. An auditor strives to achieve independence in appearance to
a. become independent in fact.
b. maintain an unbiased mental attitude.
c maintain public confidence in the profession.
d. comply with the auditing standards related to audit performance.
19. Which of the following correctly describes an internal control component?
a. Control activities set the tone of the organization.
b. Information and communication systems have to do with management's analysis of
risk.
c. Monitoring relates to ongoing assessment by management to determine whether
controls are operating as intended.
d. Risk assessment relates to assessing the quality of the Internal control structure over
time.
20. While performing a preliminary assessment for a new client audit, the auditor determines
that the client has had excessive growth over the past several years due
to recent acquisitions and internal expansion. Through discussions with management, the
auditor concludes that the company's operational staff is too lean and
that internal controls in several operational functions may be currently insufficient to
accommodate this rapid growth. About which of the following fraud risk
factors related to the dient would the auditor have the greatest concern?
a. Incentives/pressure
b. Inadequate organizational structure
c. Rationalization/attitude
 d. Opportunity

21. The auditor issued an unmodified opinion audit report in which the financial statements
are fairly presented. However, the auditor believes it is important to
provide additional information, since the auditor wants to draw the attention of the readers
towards these vital matters. This paragraph can be added in the audit
report as a(n):
a. audit opinion
b. emphasis of matter paragraph
c. other matter paragraph
d. basis for audit opinion
22. Cash receipts from sales on account have been misappropriated. Which of the following
acts will conceal this embezzlement and be least likely to be detected by
the auditor?
a. Overstating the accounts receivable subsidiary records
b. Understating the sales journal
c. Overstating the accounts receivable control account
d. Understating the cash receipts journal
23. Which of the following circumstances would most likely cause an auditor to suspect that
there are material misstatements in an entity's financial statements?
O a. Monthly bank reconciliations ordinarily include several outstanding checks.
O b. The entity's management strictly enforces its integrity and ethical values.
O c. Management outsources the internal audit function to another CPA firm.
d. The auditor identifies an inappropriate valuation method that is widely applied by the
entity.
24. Operational audits generally have been conducted by internal auditors and governmental
audit agencies but may be performed by certified public accountants. A
primary purpose of an operational audit is to provide:
a. aid to the independent auditor, who is conducting the audit e the financial statements
b. a measure of management performance in meeting organizational goals
c.a means of assurance that internal accounting controls are functioning as planned
d. the results of internal examinations of financial and accounting matters to a company's
top-level management
25. It is always a good idea for auditors to begin an audit with the professional skepticism
characterized by the assumption that:
a. Financial statements and financial data are verifiable.
b. A potential conflict of interest always existed between the auditor and the management
of the enterprise under audit.
c. The professional status of the independent auditor imposes commensurate professional
obligations.
d. In audits of financial statements, the auditor acts exclusively in the capacity of an
auditor.
26. An audit of financial statements is conducted to determine whether the:
a. overall financial statements are stated in accordance with specified criteria.
b. organisation is operating efficiently and effectively.
c. none of the above
d. auditee is following specific procedures or rules set down by a peer group authority.
27. Using the same auditor team on an assurance engagement over a long period of time
most likely creates which of the following threats to auditor independence?
a. intimidation.
b. familiarity.
c. self-interest.
d. self-review.
28. The date of the CPA's opinion on the financial statements of the client should be the date
of the
a. Completion of all important audit procedures.
b. Submission of the report to the client.
c. Closing of the client's books.
d. Finalization of the terms of the audit engagement.
29. Which of the following audit tests would be regarded as a substantive test only?
O a. Tests of the additions to property, plant and equipment by physical inspections.
O b. Tests of the signatures on purchase orders to a list of approved signatories.
O c. Comparing inventory good receipt notes, pricing list to vendors' invoices.
O d. interview the sales accountant to verify that whether they perform proper
authorisations for sale orders.
30. When considering the arrangement of staff to an engagement, an audit partner must
always:
a. ensure the client is satisfied.
b. ensure the audit staff are satisfied.
c. ensure confidentiality is not compromised.
d. be satisfied that the staff has the appropriate expertise and independence.
31. Which of the following would not be classified as an analytical procedure?
a. Benchmarking the company's profitability ratios against others in the industry.
O b. Performing variance analysis of actual versus budgeted amounts for production.
O c. Estimating the client's depreciation expense using the client's accounting policies for
capital expenditures made during the year and comparing to actual
depreciation expense.
O d. Reconciling fixed asset dispositions with the fixed asset ledger.
32. Which one of the following is a true statement about the required fraud risk assessment
discussion?
O a. The discussion should include consideration of the risk of management override of
controls.
b. The discussion should involve all members who participate on the audit team, including
the engagement partner.
O c. The discussion about the susceptibility of the entity's financial statements to material
misstatement must be held separately from the discussion about the
susceptibility of the entity's financial statements to fraud.
O d. The fraud risk assessment discussion should occur during the overall review stage of
the audit.
33. In performing tests of controls, auditor would most likely use which of the following audit
procedures that leave no transaction trail is:
a. inspection.
b. re-performance.
c. observation.
d. interview.
34. Because of the risk of material misstatement, an audit should be planned and performed
with an attitude of
a. professional skepticism.
O b. independent integrity.
O c impartial conservatism.
O d. objective judgment.

Câu 35 - 40: Sư phụ

Cau 35: Proper segregation of functional responsibilities calls for separation of
the functions of:
a. authorisation, payment, and recording.
b. authorisation, recording, and custody.
c custody, execution, and reporting.
d. authorisation, execution, and payment.

Cau 36:Which of the following attributes is likely to be unique to the audit work
of CPAS as compared to the work performed by practitioners of other
professions?
O a independence
O b. complex body of knowledge
O .competence
d. due professional care

Cau 37: In the audit of accounts payable, an auditor's procedures will most likely
focus primarily on management's assertion about account balances of
O a. valuation and allocation.
O b. classification and understandability
O c. existence
O d. completeness

Cau 38 An auditor will most likely review an entity's periodic accounting for the
numerical sequence of shipping documents to ensure all documents are included
to support management's assertion about classes of transactions of
a. occurrence
O b. completeness
O c. accuracy
O d. classification

Cau 39: Inherent risk and control risk differ from planned detection risk in that
they:
O a. may be assessed in either quantitative or non-quantitative terms
 O b. arise from the misapplication of auditing procedures
c. can be changed at the auditor's discretion
d. exist independently of the financial statement audit.

Cau 40: Some account balances, such as those for pension and leases, are the
result of complex calculations. The susceptibility to material misstatements in
these types of accounts is defined as:
O a. detection risk
O b. sampling risk
c. audit risk
O d. inherent risk

Test 2 -ENG (10 trang - 40 câu)

https://docs.google.com/document/d/1cPq3j1olvTLa0d19ZvWTWoMfPG_KszMn/edi
t#heading=h.gjdgxs
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Câu 1-12: Sư phụ
Cau 1: The concept of materiality would be least important to an auditor when
considering the
a. effects of a direct financial interest in the client on the CPA's independence
b. types of evidence to use in testing accounts receivable.
c. discovery of weaknesses in a client's internal control structure.
d. adequacy of disclosure of a client's illegal act.

Cau 2: Operational audits generally have been conducted by internal auditors and
governmental audit agencies but may be performed by certified public accountants. A
primary purpose of an operational audit is to provide:
a.a measure of management performance in meeting organizational goals
b. a means of assurance that internal accounting controls are functioning as planned
c aid to the independent auditor, who is conducting the audit of the financial statements
d. the results of internal examinations of financial and accounting matters to a company's
top-level management

Cau 3: Which of the following attributes is likely to be unique to the audit work of
CPAS as compared to the work performed by practitioners of other professions?
a. complex body of knowledge
b. due professional care
c competence\
d. independence

Cau 4: When considering the arrangement of staff to an engagement, an audit partner

must always:
a. ensure the audit staff are satisfied.
b. ensure the client is satisfied.
c. be satisfied that the staff has the appropriate expertise and independence.
d. ensure confidentiality is not compromised.

Cau 5: Which of the following engagements is most likely to be considered an

operational audit?
a. the auditor examines information presented in an entity's financial statements to
determine whether the financial statements are presented fairly in accordance with the
applicable financial reporting framework
b. the auditor evaluates the organization's efficiency in processing payments
c. the auditor determines whether the organization is following provisions of laws and
regulations
d. the auditor assists the client in preparation of financial statements

Cau 6: Proper segregation of functional responsibilities calls for separation of the

functions of:
a. authorisation, payment, and recording.
b. authorisation, execution, and payment.
c. authorisation, recording, and custody.
d. custody, execution, and reporting.

Cau 7: As the acceptable level of detection risk decreases, the auditor should:
a. do not extent any audit procedures
b. extent of audit procedures, perhaps by using larger sample sizes.
c. obtain less audit procedures to have less audit evidence
d. perform tests of controls

Cau 8: Which of the following audit assertions is relevant to the audit procedure:
"Comparing original amount of inventory costs with the current market prices of
actual
sales"
a. Existence
b. Accuracy
c. Valuation and allocation
d. Completeness
Cau 9: Which of the following factors is most important in determining the
appropriateness of audit evidence?
a. The risk of material misstatements.
b. The quantity of the evidence obtained.
c. The reliability of the evidence in meeting the objective of audit tests.
d. The objectivity of the auditor gathering the evidence.

Cau 10: Analytical procedures used in planning an audit should focus on identifying:
a. material weaknesses in internal control.
b. the various assertions that are embodied in the financial statements.
C. areas that may represent specific risks relevant to the audit.
d. the predictability of financial data from individual transactions.
Cau 11: What requirements are usually necessary to become licensed as a certified
public accountant?
a. Experience in the accounting field.
b. All of the above.
c. Education.
d. Successful completion of the Uniform CPA Examination.

Cau 12: Which of the following is least likely to suggest to an auditor that the client's
management may have overridden internal control?
a. Management does not correct internal control weaknesses that it knows about.
b. There have been two new controllers this year.
c. Differences are always disclosed on a computer exception report.
d. There are numerous delays in preparing timely internal financial reports.

Câu 13-30: Chủ rạp

Question 13 :The primary difference between operational auditing and financial

auditing is that in operational auditing:
O a. The operational auditor is not concerned with whether the audited activity is
generating information in compliance with financial accounting standards.
b. The operational auditor is seeking to help management use resources in the most
effective manner possible.
O The operational auditor starts with the financial statements of an activity being
audited and works backward to the basic processes involved in producing
them.
O d. The operational auditor can use analytical skills and tools that are not necessary
in financial auditing.

Question 14 :
Actions, policies, and procedures that reflect the overall attitude of management,
directors, and owners of the entity about internal control relate to which of the
following internal control components?
O a. Information and communication
O b. Monitoring
c. Control environment
d. Risk assessment

Question 15: Independent auditors of financial statements perform audits that

reduce
a. Information risk faced by investors
O b. Complexity of financial statements
O . Timeliness of financial statements
O d. Business risk faced by investors

Question 16:
An entity changed from the straight-line method to the declining-balance method
of depreciation for all newly acquired assets. This change has no material effect
on the current year's financial statements but is reasonably certain to have a
substantial effect in later years. If the change is disclosed in the notes to the
financial statements, in the current year, the auditor should issue a report with
a(n):
a. qualified opinion with explanatory paragraph regarding consistency.
b. unmodified opinion with explanatory paragraph.
O c. unmodified opinion.
O d. qualified opinion.

Question 17 : When auditor consider the red flags of fraudulent in FSs, what is
the appropriate activities they prefer to:
a. Announce to the matter to management in the management letter.
O b. Report the matter to Office of the State Comptroller
O C.Announce to Securities and Exchange Commission
O d. Report the matter to management as soon as possible.

Question 18: It is always a good idea for auditors to begin an audit with the
professional skepticism characterized by the assumption that:
a. Financial statements and financial data are verifiable.
O b. In audits of financial statements, the auditor acts exclusively in the capacity of
an auditor.
c. A potential conflict of interest always existed between the auditor and the
management of the enterprise under audit.
O d. The professional status of the independent auditor imposes commensurate
professional obligations.

Question 19 :
Which of the following best describes the reason why an independent auditor
reports on financial statements?
O a. A misappropriation of assets may exist, and it is more likely to be detected by
independent auditors.
O b. Poorly designed internal controls may be in existence
c.Different interests may exist between the company preparing the statements and
the persons using the statements.
 o d. A misstatements of account balances may exist and is generally corrected as the
result of the independent auditor's work.

Question 20:
Which of the following statements reflects an auditor's responsibility for
detecting fraud?
a. An auditor should design the audit to provide reasonable assurance of detecting
errors and fraud that are material to the financial statements.
O b. An auditor is not responsible for detecting fraud unless the application of
auditing standards would result in such detection.
O . An auditor is responsible for detecting employee errors and simple fraud, but not
for discovering fraudulent acts involving employee collusion or management
override.
O d. An auditor should plan the audit to detect fraud caused by departures from
GAAP.

Question 21: An auditor discovers that a client's accounts receivable turnover is

substantially lower for the current year than for the prior year. This trend may
indicate that
O a. employees have stolen inventory just before year-end.
O b. an employee has been lapping receivables in both years.
c fictitious credit sales have been recorded during the year.
o d. the client recently tightened its credit-granting policies.

Question 22:
An auditor reviews aged accounts receivable to assess likelihood of collection to
support management's assertions about account balances of
O a. valuation and allocation.
O b. existence
OC. completeness
O d.rights and obligations Because

Question 23: What is the meaning of the rule that requires the auditor be
independent?
a. The auditor's sole obligation is to third parties.
O b. The auditor may have a direct ownership interest in the client's business if it is
not material.
O The auditor must be without bias with respect to the client under audit.
O d. The auditor must adopt a critical attitude during the audit.
Question 24: The major reason an independent auditor gathers audit evidence is
to
O a. evaluated management.
O b. detect fraud.
c. form an opinion of the financial statements.
O d. assess control risk

Question 25: The auditor uses knowledge gained from the understanding of the
client's business and industry to assess:
a. control risk.
O b. inherent risk.
O c.audit risk.
d. client business risk.

Question 26: Which of the following would not be classified as an analytical

procedure?
O a. Estimating the client's depreciation expense using the client's accounting policies
for capital expenditures made during the year and comparing to actual
depreciation expense.
O b. Benchmarking the company's profitablity ratios against others in the industry.
O . Performing variance analysis of actual versus budgeted amounts for production.
d. Reconciling fixed asset dispositions with the fixed asset ledger.

Question 27: An independent auditor has the responsibility to design the audit to
provide reasonable assurance of detecting errors and fraud that might have a
material effect on the financial statements. Which of the following, if material is a
fraud as defined in auditing standards?
a. Clerical mistakes in the accounting data underlying the financial statements
b. Misappropriation of an asset or group of assets
C Misinterpretation of facts that existed when the financial statements were prepared
O d. Mistakes in the application of accounting principles

Question 28: When controls leave no documentary evidence or trail:

O a. it is impossible to audit that area of client's system.
b. the auditor generally observes them being applied.
O c. it is impossible to verify them so the auditor will have to rely on substantive tests.
o d. the only way available as verification of their effectiveness is inquiry of
management.
Question 29: The auditor's responsibility regarding material misstatements
caused by fraud is
a. greater than the auditor's responsibility regarding material misstatements caused by
error
O b. less than the auditor's responsibility regarding material misstatements caused by
error
c. the same as the auditor's responsibility regarding material misstatements caused by
error
O d. either less than or greater than the auditor's responsibility regarding material
misstatements caused by error, depending on the circumstances

Câu 30 - 40: Đệ tử
Question 30 Which of the following factors is most important in determining the
sufficiency of audit evidence?
O a. The sampling techniques that the auditor used.
O b. The risk of material misstatements and the quality of audit evidence.
O c. The reliability of the evidence in meeting the objective of audit tests.(Đ)
O d. The objectivity of the auditor gathering the evidence.
Question 31
Using the same auditor team on an assurance engagement over a long period of time
most likely creates which of the following threats to auditor independence
O a. self-review.
O b. intimidation.
O c. self-interest.
O d. familiarity.(Đ)
The correct answer is: familiarity.
Question 32: Which one of the following is NOT one of the five fundamental
principles of professional conduct set out in the Code of Ethics for Professional
Accountant
O a. objectivity
O b. confidentiality
O c. continuing education(Đ)
O d. integrity
Question 33 Which of the following best describes why an independent auditor is
asked to express an opinion on the fair presentation of financial statements?
O a. it is difficult to prepare financial statements that fairly present a company's
financial position, operations, and cash flows without the expertise of ar
independent auditor
O b. the opinion of an independent party is needed because a company may not be
objective with respect to its own financial statements(Đ)
 O c.it is management's responsibility to seek available independent aid in the
appraisal of the financial information shown in its financial statements
O d. it is a customary courtesy that all stock-holders of a company receive an
independent report on management's stewardship of the affairs of the bu

The correct answer is: the opinion of an independent party is needed because a
company may not be objective with respect to its own financial statements

Question 34: The AICPA Code of Professional Conduct states that a CPA shall "not
disclose any confidential client information obtained" in the course of a profession
engagement except with the consent of the client. In which one of the following
situations would disclosure by a CPA be in "violation of the Code"?
O a. Disclosing confidential information in order to properly discharge the CPA's
responsibilities in accordance with the profession's standards.
O b. Disclosing confidential information during an AICPA-authorized peer review.
O c. Disclosing confidential information in compliance with a subpoena issued by a
court.
o d. Disclosing confidential information to another accountant interested in
purchasing the CPA's practice.(Đ)

Question 35 Which of the following circumstances would most likely cause an auditor
to suspect that there are material misstatements in an entity's financial statements?
O a. Monthly bank reconciliations ordinarily include several outstanding checks.
O b. The auditor identifies an inappropriate valuation method that is widely applied
by the entity.(Đ)
O . The entity's management strictly enforces its integrity and ethical values.
O d. Management outsources the internal audit function to another CPA firm.
The correct answer is: The auditor identifies an inappropriate valuation method that is
widely applied by the entity.

Question 36
Which of the following best describes the operational audit?
O a. It concentrates on seeking aspects of operations in which waste could be
reduced by the introduction of controls.(Đ)
O b. It requires the constant review by internal auditors of the administrative
controls as they relate to the operations of the company.
O c. It focuses on verifying the fair presentation of a company's results of
operations.
O d. It concentrates on implementing financial and accounting control in a newly
organized company.
Question 37 : Which of the following circumstances is most likely to cause an auditor
to increase the assessment of the risk of material misstatement of the financial
due to fraud?
O a. Monthly bank reconciliations usually include several in-transit items.
O b. Unusual discrepancies exist between the entity's records and confirmation
replies.(Đ)
O c. Clerical errors are listed on a computer generated exception report.
O d. Property and equipment are usually sold at a loss before being fully
depreciated.
The correct answer is: Unusual discrepancies exist between the entity's records and
confirmation replies.
Question 38
Which one of the following is a true statement about the required fraud risk
assessment discussion?
O a. The fraud risk assessment discussion should occur during the overall review
stage of the audit.
O b. The discussion about the susceptibility of the entity's financial statements to
material misstatement must be held separately from the discussion a
susceptibility of the entity's financial statements to fraud.
c. The discussion should include consideration of the risk of management override
of controls.(Đ)
O d. The discussion should involve all members who participate on the audit team,
including the engagement partner.

Question 39
Which of the following would not be considered an inherent limitation of the potential
effectiveness of an entity's internal control:
a. Mistakes in judgment
O b. Management override
c. Incompatible duties(Đ)
O d. Collusion among employees
The correct answer is: Incompatible duties

Question 40: A determination of cost savings obtained by outsourcing cafeteria

services is most likely to be an objective of:
a. Compliance auditing.
O b. Financial auditing.
c. Environmental auditing.
d. Operational auditing.(Đ)
Test 3 -ENG (10 trang - 40 câu)
https://docs.google.com/document/d/1dIX9Ay-GoUhvXYRs3xfi4ZDz-KmpipSv/edit#
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Câu 1 - 7: Đệ tử
Question 1 : Which of the following is least likely to suggest to an auditor that the
client's management may have overridden internal control?
a. There have been two new controllers this year.
b. There are numerous delays in preparing timely internal financial reports.
O c. Differences are always disclosed on a computer exception report.(Đ)
O d. Management does not correct internal control weaknesses that it knows about.
The correct answer is: Differences are always disclosed on a computer exception
report.
Question 2 When controls leave no documentary evidence or trail:
a. the auditor generally observes them being applied.(Đ)
O b. the only way available as verification of their effectiveness is inquiry of
management.
O c.itis impossible to audit that area of client's system.
O d. it is impossible to verify them so the auditor will have to rely on substantive
tests.
The correct answer is: the auditor generally observes them being applied.

Question 3 Which of the following factors is most important in determining the

appropriateness of audit evidence?
O a. The quantity of the evidence obtained.
O b. The risk of material misstatements.
C. The reliability of the evidence in meeting the objective of audit tests.(Đ)
O d. The objectivity of the auditor gathering the evidence.
The correct answer is: The reliability of the evidence in meeting the objective of audit
tests.

Question 4 Which of the following best describes the operational audit?

a. It concentrates on seeking aspects of operations in which waste could be reduced
by the introduction of controls.(Đ)
O b. It concentrates on implementing financial and accounting control in a newly
organized company.
O c.It focuses on verifying the fair presentation of a company's results of operations.
 O d. It requires the constant review by internal auditors of the administrative
controls as they relate to the operations of the company.
The correct answer is: It concentrates on seeking aspects of operations in which waste
could be reduced by the introduction of controls.

Question 5 Which of the following would not be considered an inherent limitation of

the potential effectiveness of an entity's internal control structure?
O a. Collusion among employees
O b. Incompatible duties(Đ)
O c. Mistakes in judgment
O d. Management override
The correct answer is: Incompatible duties

Question 6 The AICPA Code of Professional Conduct states that a CPA shall "not
disclose any confidential client information obtained" in the course of a professional
engagement except with the consent of the client. In which one of the following
situations would disclosure by a CPA be in "violation of the Code"?
O a. Disclosing confidential information during an AICPA-authorized peer review.
O b. Disclosing confidential information in order to properly discharge the CPA's
responsibilities in accordance with the profession's standards.
O c. Disclosing confidential information in compliance with a subpoena issued by a
court.
d. Disclosing confidential information to another accountant interested in purchasing
the CPA's practice.(Đ)

Question 7 While performing a preliminary assessment for a new client audit, the
auditor determines that the client has had excessive growth over the past several years
due to recent acquisitions and internal expansion. Through discussions with
management, the auditor concludes that the company's operational staff is too lean and
that internal controls in several operational functions may be currently insufficient to
accommodate this rapid growth. About which of the following fraud risk
factors related to the client would the auditor have the greatest concern?
a. Opportunity(Đ)
O b. Incentives/pressures
O c. Rationalization/attitude
O d. Inadequate organizational structure
The correct answer is: Opportunity

Câu 8-25: Cope

8. The primary difference between operational auditing and financial auditing is that
in operational auditing:
a. The operational auditor is not concerned with whether the audited activity is
generating information in compliance with financial accounting standards.
b. The operational auditor is seeking to help management use resources in the most
effective manner possible.
c. The operational auditor starts with the financial statements of an activity being
audited and works backward to the basic processes involved in producing them.
d. The operational auditor can use analytical skills and tools that are not necessary
in financial auditing.
9. An auditor will most likely review an entity's periodic accounting for the numerical
sequence of shipping documents to ensure all documents are included to support
management's assertion about classes of transactions of
a. completeness
b. occurrence
c. accuracy
d. classification
10. Which of the following statements reflects an auditor's responsibility for detecting
fraud?
a. An auditor should design the audit to provide reasonable assurance of detecting
errors and fraud that are material to the financial statements.
b. An auditor is not responsible for detecting fraud unless the application of auditing
standards would result in such detection.
c. An auditor is responsible for detecting employee errors and simple fraud, but not
for discovering fraudulent acts involving employee collusion or management
override.
d. An auditor should plan the audit to detect fraud caused by departures from GAAP.
11. Which of the following circumstances is most likely to cause an auditor to increase
the assessment of the risk of material misstatement of the financial
due to fraud?
a. Monthly bank reconciliations usually include several in-transit items.
b. Unusual discrepancies exist between the entity's records and confirmation
replies.(Đ)
c. Clerical errors are listed on a computer generated exception report.
d. Property and equipment are usually sold at a loss before being fully depreciated.
12. An audit of financial statements is conducted to determine whether the:
a. overall financial statements are stated in accordance with specified criteria.
b. organisation is operating efficiently and effectively.
c. none of the above
d. auditee is following specific procedures or rules set down by a peer group authority.
13. In performing tests of controls, auditor would most likely use which of the
following audit procedures that leave no transaction trail is:
a. observation.
b. interview.
c. re-performance.
d. inspection.
14. The auditor uses knowledge gained from the understanding of the client's business
and industry to assess:

a. control risk.

b. audit risk.

c. inherent risk.

d. client business risk.

15. Which of the following engagements is most likely to be considered an operational
audit?
a. the auditor examines information presented in an entity's financial statements to
determine whether the financial statements are presented fairly in accordance with the
applicable financial reporting framework
b. the auditor evaluates the organization's efficiency in processing payments
c. the auditor determines whether the organization is following provisions of laws and
regulations
d. the auditor assists the client in preparation of financial statements
16. In an attestation engagement, a CPA practitioner is engaged to:

a. Prepare a written report containing a conclusion about the reliability of a

management assertion.

b. Give expert testimony in court on particular facts in a corporate income tax

controversy.

c. Compile a company's financial forecast based on management's assumptions

without expressing any form of assurance

d. Prepare a tax return using information the CPA has not audited or reviewed.
17. The major reason an independent auditor gathers audit evidence is to
O a. evaluated management.
O b. detect fraud.
c. form an opinion of the financial statements.
O d. assess control risk
18. An auditor strives to achieve independence in appearance to
A. become independent in fact.
B. comply with the auditing standards of field work.
C. maintain an unbiased mental attitude.
D. maintain public belief in the profession.
19. Which of the following factors is most important in determining the
sufficiency of audit evidence?
a. The reliability of the evidence in meeting the objective of audit tests. The
sampling techniques that the auditor used.
b. The objectivity of the auditor gathering the evidence.
c. The risk of material misstatements and the quality of audit evidence.
20. Independent auditors of financial statements perform audits that reduce
a. Information risk faced by investors
O b. Complexity of financial statements
O . Timeliness of financial statements
O d. Business risk faced by investors
21. Cash receipts from sales on account have been misappropriated. Which of the
following acts will conceal this embezzlement and be least likely to be detected by
the auditor?
a. Overstating the accounts receivable control account
b. Understating the cash receipts journal
c. Overstating the accounts receivable subsidiary records
d. Understating the sales journal
22. Because of the risk of material misstatement, an audit should be planned and performed
with an attitude of
a. professional skepticism.
O b. independent integrity.
O c impartial conservatism.
O d. objective judgment.
23. In a financial statement audit. the auditor obtains a reasonable level of
assurance about whether the financial statements are free of material
misstatement in order to express an opinion. In order to obtain reasonable
assurance, the auditor must
a. have prior experience in the industry in which the audit client operates
b. obtain sufficient audit evidence
c. test controls around significant transaction cycles
d. examine all documents available that support the financial statements
24. An entity changed from the straight-line method to the declining-balance
method of depreciation for all newly acquired assets. This change has no material
effect on the current year's financial statements but is reasonably certain to have
a substantial effect in later years. If the change is disclosed in the notes to the
financial statements, in the current year, the auditor should issue a report with
a(n):
a. qualified opinion with explanatory paragraph regarding consistency.
b. unmodified opinion with explanatory paragraph.
O c. unmodified opinion.
 O d. qualified opinion.
25. Which of the following characteristics is most likely to heighten an auditor's
concern about the risk of material misstatements due to fraud in an entity's
financial statements?
a. The entity's industry is experiencing declining customer demand.
b. The board of directors is active in overseeing the entity's financial reporting
policies.
c. Internal auditors have direct access to the board of directors and the entity's
management.
d. Employees who handie cash receipts are not bonded.

Câu 26-40: Thánh GG

Câu 26: The concept of materiality would be least important to an auditor when
considering the
a. adequacy of disclosure of a client's illegal act.
b. discovery of weaknesses in a client's internal control structure.
c. effects of a direct financial interest in the client on the CPA's independence.(Đ)
d. types of evidence to use in testing accounts receivable.
Câu 27: Which of the following does not increase the need for sufficient appropriate
audit evidence?
a. an increase in the assessed control risk
b.a lower acceptable audit risk
C. A decrease in the assessed inherent risk(Đ)
d. a lower acceptable level of detection risk
Question 28 When auditor consider the red flags of fraudulent in FSs, what is the
appropriate activities they prefer to:
a. Announce to the matter to management in the management letter.
b. Announce to Securities and Exchange Commission
c. Report the matter to Office of the State Comptroller
d. Report the matter to management as soon as possible.(Đ)
Question 29 If an independent audit leading to an opinion on financial statements
causes the auditor to believe that a material misstatement due to fraud exists, the
auditor should first
a. consider the implications for other aspects of the audit and discuss the matter with
the appropriate levels of management.
b. request that management investigate to determine whether fraud has actually
occurred.
c. consider whether fraud was the result of a failure by employees to comply with
existing controls.
 d. make the investigation necessary to determine whether fraud has actually
occurred.(Đ)
Question 30: A determination of cost savings obtained by outsourcing cafeteria
services is most likely to be an objective of:
a. Operational auditing(Đ)
b. Environmental auditing.
c .Financial auditing.
d. Compliance auditing
Question 31 Which of the following correctly describes an internal control
component?
a. Information and communication systems have to do with management's analysis of
risk.
b. Risk assessment relates to assessing the quality of the internal control structure
over time.
c. Control activities set the tone of the organization.
d. Monitoring relates to ongoing assessment by management to determine whether
controls are operating as intended.(Đ)
.Question 32 Compliance auditing often extends beyond audits leading to the
expression of opinions on the fairness of financial presentation and includes audits of
efficiency.economy, effectiveness, as well as
a internal control.
b. evaluation.
C. adherence to specific rules or procedures.(Đ)
d. accuracy.
Question 33 What is the meaning of the rule that requires the auditor be independent?
a. The auditor may have a direct ownership interest in the client's business if it is not
material.
b. The auditor must adopt a critical attitude during the audit.
C. The auditor must be without bias with respect to the client under audit.(Đ)
d. The auditor's sole obligation is to third parties.
Question 34 The date of the CPA's opinion on the financial statements of the client
should be the date of the
a. Closing of the dient's books.
b. Completion of all important audit procedures.(Đ)
c . Finalization of the terms of the audit engagement.
d. Submission of the report to the client.
Question 35 In the audit of accounts payable, an auditor's procedures will most likely
focus primarily on management's assertion about account balances of
a. completeness(Đ)
b. existence
c . classification and understandability
d. valuation and allocation.
Question 36 The auditor issued an unmodified opinion audit report in which the
financial statements are fairly presented. However, the auditor believes it is important
to provide additional information, since the auditor wants to draw the attention of the
readers towards these vital matters. This paragraph can be added in the audit
report as a(n):
a. basis for audit opinion
b. emphasis of matter paragraph(Đ)
c. audit opinion
d. other matter paragraph
Question 37 An auditor reviews aged accounts receivable to assess likelihood of
collection to support management's assertions about account balances of
a existence
b. completeness
C. valuation and allocation.(Đ)
d. rights and obligations Because
Question 38 Some account balances, such as those for pension and leases, are the
result of complex calculations. The susceptibility to material misstatements in these
types of accounts is defined as:
a. inherent risk(Đ)
b. sampling risk
c. detection risk
d. audit risk
Question 39 Which of the following audit tests would be regarded as a substantive test
only?
a. Interview the sales accountant to verify that whether they perform proper
authorisations for sale orders.
b. Comparing inventory good receipt notes, pricing list to vendors' invoices.
c. Tests of the signatures on purchase orders to a list of approved signatories.(Đ)
d. Tests of the additions to property, plant and equipment by physical inspections.
Question 40 Inherent risk and control risk differ from planned detection risk in that
they:
a. exist independently of the financial statement audit.(Đ)
b. can be changed at the auditor's discretion
c. arise from the misapplication of auditing procedures
d. may be assessed in either quantitative or non-quantitative terms
Câu hỏi TN - ENG
Đề giữa kì xu đc :>
1. Categories of objectives in internal control are:
a. Distinct and overlapping

b. Common and differential

c. Different and overlapping

d. Distinct and supplementary

2. Things that management implicitly or otherwise makes regarding recognition,

measurement and presentation of financial information are called

a. Confirmation

b Representation

c. Assertions (cơ sở dẫn liệu)

d. Conclusions

3. Effectiveness and efficiency of the entity's activity are subject to

a. State audit

b. Financial statement audit

c. Operational audit

d. Compliance audit

4. Internal control considers establishment of objectives as

a. Unnecessary
 b. A precondition (điều kiện tiên quyết)
c. A concurrent event (sự kiện đồng thời)
d. A part of it

5. The importance of internal control and expected standards of conduct are

mostly reflected in
a. Control activities
b. Control environment
c. Risk assessment
d. Monitoring activities

6. Substantive tests are (thử nghiệm cơ bản)

a. Big concern of auditors in financial statement audit (đề chọn)
b. Compulsory only in financial statement audit of listed companies (công ty niêm
yết)
c. Compulsory in every financial statement audit
d. Optional in every financial statement audit
7. Where are the important terms in the definition of internal control by COSO?
a. Objectives, People, Organization, and Reasonable Assurance.
b. People, Organization, Objectives, and Reasonable Assurance.
c. Process, Organization, People, and Objectives
d. People, Process, Objectives, and Reasonable Assurance.

8. Reporting objectives of internal control means

a. Financial reporting
b. Internal reporting
c. Internal and external reporting
d. Internal and external financial and non-financial reporting
9. Safeguarding of assets belongs to:
a. Operations objectives
b. Compliance objectives
c. All categories of objectives (đề chọn)
d. Reporting objectives

10. In order to get the Certificate of CPA, a person must have working
experience of at least
a. 30 months
b. 24 months
c. 5 years
d. 36 months
12. Independent auditors:
A. should not use the work of internal auditors
B. are not allowed to use the work of internal auditors
C. can use the work of internal auditors
D. cannot use the work of internal auditors

13. Auditor’s understanding of the internal control in financial statement audit

is:
 A. Not necessary in case of small companies
B. Compulsory only in case of big companies
C. Optional
D. Compulsory
Slide 9, topic 3: internal control

14. Test that traces a transaction step-by-step through the accounting system
from its inception to the final disposition is called:
A. Test of detail
B. Substantive test
C. Test of control
D. Walk through test
15. User can reduce which type of risk when engaging an independent audit:
a. Business risk
b. Strategic risk
c. Legal Risk (đề chọn)
d. Information risk
Chap 1
17. Identifying and analyzing risks form the basis for
a. Monitoring risks
b. Managing risks (đề chọn)
c. Estimating risks
d. Concluding on the internal control
Chap3 - part 1

18. Occurrence means (sự phát sinh)

a. Transactions and events have been recorded or disclosed appropriately
b. Transactions and events have been recorded or disclosed fully and pertain to
the entity
c. Transactions and events that have been recorded or disclosed, have occurred, a
nd pertain to the entity (đề chọn)
d. Transactions and events have been measured or disclosed properly
Chap 3 - part 2

19. Effectiveness and efficiency of the entity’s activity pertain to:

 a. Operation objectives
b. Compliance objectives
c. Reporting objectives
d. Management objectives

20. Management of changes that that could significantly impact the system of
internal control belongs to
a. None
b. Risk assessment
c. Control environment
d. Monitoring activities

21. Professional judgement and skepticism are

a. Complementary (bổ sung)
b. Both required to exercise by auditors
c. Optional for auditors to apply
d. Contrary

22. In addition to independence in mind, an auditor also have to be independent

a. In appeal
b. In appearance
c. In fact
d. In behaviors
23. If control risk is assessed as high, then tests of control
a. Need to be performed
b. Need to expand the scope
c. Need to be undertaken as planned
d. Need not to be done

at less than high: thấp

24. Normally there are assertions about

a. Classes of transactions, account balances and related disclosures
b. Classes of transactions, account balances and other disclosures
c. Routine transactions, balance sheet and related disclosures
d. Account balances, related parties and end of period transactions
25. The legal entity organization is
a. The same with the management operating model
b. Much different from the management operating model
c. Often different from the management operating model
d. Seldom different from the management operating model

Chương 1:

1. Which of the following best describes why an independent auditor is needed to

give an opinion on the true and fair of financial reports?

A. It is difficult to prepare financial statements that fairly present a company's

financial position, operations, and cash flows without the expertise of an independent
auditor.

B. It is management's responsibility to seek available independent aid in the appraisal

of the financial information shown in its financial statements.

C. The opinion of an independent party is needed because a company may not be

objective with respect to its own financial statements.
D. It is a customary courtesy that all stockholders of a company receive an
independent report on management's stewardship of the affairs of the business.

2. Which of the following best describes the operational audit?

A. It requires the constant review by internal auditors of the administrative controls as

they relate to the operations of the company.
B. It concentrates on implementing financial and accounting control in a newly
organized company.

C. It attempts and is designed to verify the fair presentation of a company's results of

operations.

D. It concentrates on seeking aspects of operations in which waste could be reduced

by the introduction of controls

3. Which of the following professional service is an assurance service?

A. A consulting service engagement to provide computer-processing advice to a
client
B. An engagement to report on compliance with statutory requirements
C. An income tax engagement to prepare tax returns.
D. The compilation of financial statements from a client’s financial records.
4. Which of the following attributes is likely to be unique to the audit work of
CPAs as compared to the work performed by practitioners of other professions?
A. Due professional care
B. Competence
C. Independence.
D. Specialized expertise.
5. Main purpose of an operational audit is to produce
A. a means of assurance that internal accounting controls are functioning as planned.
B. a measure of management performance in meeting organizational goals.
C. the results of internal examinations of financial and accounting matters to a
company's top-level management.
D. aid to the independent auditor, who is conducting the audit of the financial
statements.
6. In comparison to the independent auditor, an internal auditor is more likely to
be concerned with
A. Revenues recognition procedures.
B. Cost accounting procedures.
C. Operational auditing.
D. Internal controls.
7. Compliance auditing is more likely concerned with
A. Fair presentation.
B. Measurement.

C. Adherence to specific rules or procedures.

D. Internal controls.
to specific rules or procedures.

D. Internal controls.

8. Arrange the following parts to reflect the definition of auditing. (1)

Information and established criteria (2) Accumulating and evaluating evidence
(3) Competent and independent person (4) Reporting results

A. (1)-(2)-(3) - (4)

B. (4)-(3)-(2)-(1)

C. (2)-(3)-(4)-(1)

D. (2)-(1)-(4)-(3)

9. Which one is best described regarding to independent auditing?

A. a branch of accounting.

B. a professional activity that measures and communicates financial and business data.

C. a regulatory function that prevents thassuance of improper financial information.

D. a discipline that attests to the results of accounting and other functional operations
and data.

Chương 2:

1. The independent audit is important to users of financial statements

because it

A. determines the future stewardship of the management of the company whose

financial statements are audited.

B. measures and communicates financial and business data included in financial

statements.
C. involves the objective examination of and reporting on management-prepared
statements.

D. reports on the accuracy of all information in the financial statements.

2. What is the meaning of auditing standard that requires the auditor be

independent?
A. The auditor must adopt a critical attitude during the audit.
B. The auditor's sole obligation is to third parties.
C. The auditor may have a direct ownership interest in the client's business if it is not
material.
D. The auditor must be without bias with respect to the client under audit.

3. An auditor strives to achieve independence in appearance to

A. become independent in fact.
B. comply with the auditing standards of field work.
C. maintain an unbiased mental attitude.
D. maintain public belief in the profession.

4. Who paid the audit fees to CPA firm?

A. The public
B. The professional bodies
C. The governmental bodies
D. The audit client (company that has financial statements being audited)

5. Independent auditors have obligations to serve

A. The owners of their client

B. Client's interest at the highest

C. The creditors of their client

D. The public interest

Chương 3:
 1. Actions, policies, and procedures that reflect the overall attitude of
management, directors and owners of the entity about internal control
relate to which of the following internal control components?

A. Risk assessment

B. Information and communication

C. Monitoring

D. Control environment

2. When considering internal control, an auditor must be aware of the concept of

reasonable assurance, which recognizes that the

A. Employment of competent personnel provides assurance that management's control

objectives will be achieved.

B. Establishment and maintenance of internal control is an important responsibility of

management and not of the auditor.

C. Cost of internal control should not exceed the benefits expected to be derived
therefrom.

D. Separation of incompatible functions is necessary to ascertain that the internal

control is effective.

3. Vendor account reconciliations are performed by three clerks in the accounts

payable department on Friday of each week. The accounts payable supervisor
reviews the completed reconciliations the following Monday to ensure they have
been completed. The work performed by the supervisor is an example of which
COSO component?

A. Control activities

B. Risk assessment

C. Information and communication

D. Monitoring
 1. When a nonpublic company auditor's tests of controls identify deficiencies
in internal control over financial reporting, the auditor

A. must communicate to management all deficiencies identified.

B. may communicate orally or in writing to the board all significant deficiencies and
material weaknesses identified.

C. must issue an adverse opinion on the financial statements.

D. must communicate both significant deficiencies and material weaknesses to those

charged with governance.

2. An auditor uses assessed control risk to

A. evaluate the effectiveness of the entity's internal controls.

B. identify transactions and account balances where inherent risk is at the maximum.

C. indicate whether materiality thresholds for planning and evaluation purposes are
sufficiently high.

D. determine the acceptable level of detection risk for financial statement assertions.

3. What is the independent auditor's principal purpose for obtaining an

understanding of internal control and assessing control risk in a financial
statement audit?

A. To comply with generally accepted accounting principles.

B. To obtain a measure of assurance of management's efficiency.

C. To maintain a state of independence in mental attitude during the audit.

D. To determine the nature, timing, and extent of subsequent audit work.

 4. Which of the following statements about tests of controls is incorrect?
Tests of controls

A. provide persuasive evidence that a material misstatement exists when the auditor
determines that the control is not being consistently applied.

B. are often based on the same types of audit techniques used to gain an understanding
of internal controls, except the extent of testing is generally greater when testing
controls.

C. allow a reduction in the extent of substantive testing, as long as the results of the
tests of controls are equal to or better than what the auditor expects.

D. must be done in every audit of a public company's financial statements.

5. A material weakness in internal control represents a control deficiency

that

A. More than remotely adversely affects a company's ability to initiate, authorize,

record, process, or report external financial statements reliably.

B. Results in a reasonable possibility that internal control will not prevent or detect
material financial statement misstatements.

C. Exists because a necessary control is missing or not properly designed.

D. Reduces the efficiency and effectiveness of the entity's operations.

Chương 4
1. Some account balances require complex calculations, such as those for
pensions and leases. The susceptibility to material misstatements in these
types of accounts is defined as
A. audit risk.
B. detection risk
C. sampling risk
D. inherent risk
2. Inherent risk and control risk are different from planned detection risk in
that they
A. arise from the misapplication of auditing procedures.
B. may be assessed in either quantitative or nonquantitative terms.
C. exist independently of the financial statement audit.
D. are not regulated in auditing standards.
Chương 6

1. The opinion paragraph of a CPA's report states: "In our opinion, except
for the effects of not capitalizing 200 million VND of lease obligations, as
discussed in the preceding paragraph, the financial statements present
fairly," in all material respects, ... This paragraph expresses a(an)

A. Unqualified opinion.

B. Unqualified opinion with Emphasis of Matter paragraph.

C. Qualified opinion.

D. Adverse opinion.

2. When the financial statements are fairly stated but the auditor concludes
there is substantial doubt whether the client can continue in existence, the
auditor should issue a(an)

A. adverse opinion.

B. qualified opinion only.

C. unqualified opinion.

D. unqualified opinion with Emphasis of Matter paragraph.

3. Auditor concludes that misstatements either are or could be material but

not pervasive to the financial statements. This can lead to

A. An adverse opinion

B. A qualified opinion

C. A disclaimer of opinion

D. An unqualified opinion
 4. Under which of the following circumstances would a disclaimer of opinion
not be appropriate?

A. The auditor is unable to determine the amounts associated with an employee fraud
scheme.

B. Management does not provide reasonable justification for a change in accounting

principles.

C. The client refuses the auditor permission to confirm certain accounts receivable or
apply alternative procedures to verify their balances.

D. The chief executive officer is unwilling to sign the management representation

letter.

5. A company has just bought a new fixed asset and decided to apply the
declining-balance method of depreciation for this asset. This is a change
from the straight-line method that has been applied during the last years.
This change has no material effect on the current year's financial
statements but is reasonably certain to have a substantial effect in later
years. If the change is disclosed in the notes to the financial statements, the
auditor should issue a report with a(n)

A. qualified opinion.

B. unqualified opinion with Emphasis of Matter paragraph.

C. unqualified opinion.

D. qualified opinion with Emphasis of Matter paragraph.

—---------------------------
CHAPTER 1
1. Broadly defined, the subject matter of any audit consist of
a. Financial statements
b. Economic data
c. Assertions
d. Operating data
2. An audit of financial statements is conducted to determine if the
a. Organization is operating efficiency and effectively
b. Auditee is following specific procedures or rules set down by some higher
authority
c. Overall financial statement statements are stated in accordance with the
applicable financial reporting framework
d. Client’s internal control is functioning as intended
3. Most of the independent auditor’s work in formulating an opinion on financial
statement consist of
a. Studying and evaluating internal control
b. Obtaining and examining evidential matter
c. Examining cash transaction
d. Comparing recorded accountability with assets
4. In financial statement audits, the audit process should be conducted in
accordance with
a. The audit program
b. Philippine standard on auditing
c. Philippine accounting standards
d. Philippine Financial Reporting Standards
5. Which of the following best describe the operational audit?
a. It requires the constant review by internal auditors of the administrative
controls as they relate to operations of the company.
b. It concentrates on implementing financial and accounting control in a
newly organized company.
c. In attempts and is designed to verify the fair presentation of a company’s
results of operations.
d. It concentrates on seeking out aspects of operations in which waste would
be reduced by the introduction of controls.
6. The auditor communicates the results of his or her work through the medium if
the
a. Engagement letter
b. Audit report
c. Management letter
d. Financial statement
7. Which of the following types of auditing is performed most commonly by CPA’s
on a contractual basis?
a. Internal Auditing
b. Income tax auditing
c. Government auditing
d. External auditing
8. Independent auditing can best be describe as a
a. Professional activity that measures and communicates financial
accounting data
b. subset accounting
c. Professional activity that attest to the fair presentation of financial
statement
d. Regulatory activity that prevents the issuance of improper financial
information
9. Which of the following statements is not a distinction between independent
auditors and internal auditors?
a. Independent auditors represent third party users external to the auditee
entity, whereas internal auditors report directly to management.
b. Although independent auditors strive for both validity and relevance of
evidence, internal auditors are concerned almost exclusively with validity.
c. Internal auditors are employees of the auditee, whereas independent
auditors are independent contractors.
d. The internal auditor’s span of coverage goes beyond financial auditing to
encompass operational and performance auditing.
10.Which of the following has the primary responsibility for the fairness of the
representations made in the financial statements?
a. Client’s management
b. Audit Committee
c. Independent auditor
d. Board of Accountancy
11.An audit of the financial statements of KIA Corporation is being conducted by an
external auditor. The external auditor is expected to
a. express an opinion as to the fairness of KIA’s financial statements.
b. express an opinion as to the attractiveness of KIA for investment
purposes.
c. certify the correctness of KIA’s Financial Statements.
d. examine all evidence supporting KIA’s financial statements.
12.Which of the following statements about independent financial statements audit
is correct?
a. The audit of financial statements relieves management of its
responsibilities for the financial statement
b. An audit is designed to provide limited assurance that the financial
statements taken as a whole are free from material misstatement
c. The procedures required to conduct an audit in accordance with PSAs
should be determined by the client who engaged the services of the
auditor.
d. The auditor’s opinion is not an assurance as to the future viability of the
entity as well as the effectiveness and efficiency with which management
has conducted the affairs of the entity.
13.The reason an independent auditor gathers evidence is to
a. Form an opinion on the financial statements
b. Detect fraud
c. Evaluate management
d. Evaluate internal controls
14.An attitude that includes a questioning mind and critical assessment of audit
evidence is referred to as
a. Due professional care
b. Professional skepticism
c. Reasonable assurance
d. Supervision
15.Jack has been retained as auditor of EVC Company. The function of Jack’s opinion
on financial statements of EVC Company is to
a. Improve financial decisions of company management
b. Lend Credibility to management’s representation
c. Detect fraud and abuse in management operations
d. Serve requirements of BIR, SEC, or Central Bank
16.Which of the following is not one of the limitations of an audit?
a. The use of testing
b. Limitations imposed by client
c. Human error
d. Nature of evidence that the auditor obtains
17.Which of the following statements does not properly describe a limitation of an
audit?
a. Many audit conclusions are made on the basis of examining a sample of
evidence.
b. Some evidence supporting peso representation in the financial statement
must be obtained by oral or written representation of management.
c. Fatigue can cause auditors to overlook pertinent evidence.
d. Many financial statement assertions cannot be audited.
18.Which of the following is not one of the general principles governing the audit of
financial statements?
a. The auditor should plan and perform the audit with an attitude of
professional skepticism.
b. The auditor should obtain sufficient appropriate evidence primarily
through inquiry and analytical procedure to be able to draw reasonable
conclusions.
c. The auditor should conduct the audit in accordance with PSA.
d. The auditor should comply with the Philippine Code of Professional Ethics.

AUDITING THEORY MCQ BY SALOSAGCOL

19.Which of the following statements does not describe a condition that creates a
demand for auditing?
a. Conflict between an information preparer and a user can result in biased
information.
b. Information can have substantial economic consequence for a decision-
maker.
c. Expertise is often required for information preparation and verification.
d. Users can directly assess the quality of information.
20.Which of the following statements does not properly describe an element of
theoretical framework of auditing?
a. The data to be audited can be verified.
b. Short-term conflicts may exist between mangers who prepare the data
and auditors who examine the data.
c. Auditors act on behalf of the management.
d. An audit benefits the public
14.Independence is required whenever a professional accountant performs:
a. Professional services
b. Assurance services
c. Non-assurance services
d. Tax consultancy services
15.It refers to the avoidance of facts and circumstances that are so significant that
a reasonable and informed third party, having knowledge of all relevant
information, including safeguards applied, would reasonably conclude a firm’s or
a member of the assurance team’s integrity, objectivity or professional
scepticism had been compromised.
a. Independence in fact
b. Independence in appearance
c. Independence in mind
d. Inherent independence
16.This occurs as a result of the financial or other interests of a professional
accountant or of an immediate or close family member.
a. Self-interest threat
b. Self-review threat
c. Advocacy threat
d. Familiarity threat
17.Acting for an audit client in the resolution of a dispute or litigation would most
likely create
a. Self-interest threat
b. Intimidation threat
c. Advocacy threat
d. Familiarity threat
18.The preparation of accounting records of financial statements for an audit client
will most likely create
a. Self-interest threat
b. Self-review threat
c. Intimidation threat
d. Familiarity threat
19.Accepting gift or undue hospitality from an assurance client would create most
likely create
a. Familiarity threat
b. Self-review threat
c. Advocacy threat
d. Intimidation threat
19.Which of the following sampling plans would be designed to estimate a
numerical measurement of a population such as peso value?
a. Numerical sampling
b. Sampling attributes
c. Discovery sampling
d. Sampling for variables
20.Statistical samples do not allow
a. A. more efficient samples
b. Measurement of sample reliability
c. Replacement of the auditor’s professional judgment
d. Measurement of sample risk