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Auditing Theory 2021 by Salosagcol

Auditing and Assurance Principles (Far Eastern University)

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Chapter 1: Audit – An Overview 48. A

49. A
1. A 50. B
2. C 51. C
3. A 52. A
4. A 53. B
5. A 54. A
6. B 55. C
7. A 56. B
8. C 57. D
9. C 58. D
10. B 59. C
11. C 60. C
12. C 61. A
13. C 62. B
14. A 63. C
15. C 64. A
16. C 65. D
17. C 66. C
18. B 67. A
19. D 68. B
20. D 69. A
21. A 70. A
22. C 71. D
23. D
24. C
25. A Disclaimer: This is not the official
26. D solution manual for Auditing Theory
27. B 2021 edition by Sir Salosagcol.
28. A
29. A
30. A All answers are based on what I’ve read.
31. A
32. A Thank you so much!
33. D
34. D
35. B THIS MATERIAL IS NOT FOR SALE.
36. C
37. A If you have any questions or need further
38. C information, please feel free to contact
39. B me.
40. D
41. C
Padayon, accrued CPA’s! FAITHING!
42. C
43. C ♥ MGA
44. B
45. D
46. D
47. D

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Chapter 2: The Professional 47. C

Standards 48. C
49. C
1. C 50. C
2. C 51. B
3. B 52. C
4. B 53. B
5. B 54. B
6. C 55. C
7. D 56. A
8. A 57. D
9. D 58. B
10. A 59. B
11. D 60. C
12. C 61. D
13. D 62. C
14. C 63. D
15. D 64. C
16. A 65. D
17. C 66. A
18. D 67. D
19. B
20. D
21. D Disclaimer: This is not the official
22. A solution manual for Auditing Theory
23. C 2021 edition by Sir Salosagcol.
24. D
25. C
26. C All answers are based on what I’ve read.
27. A
28. C Thank you so much!
29. B
30. B
THIS MATERIAL IS NOT FOR SALE.
31. D
32. A
If you have any questions or need further
33. C
34. A information, please feel free to contact
35. D me.
36. D
37. A Padayon, accrued CPA’s! FAITHING!
38. A
39. A ♥ MGA
40. B
41. C
42. A
43. A
44. C
45. A
46. A

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Chapter 3: The Auditor’s 47. A

Responsibility 48. B
49. A
1. D 50. D
2. D 51. A
3. B 52. C
4. A 53. A
5. D 54. C
6. A 55. B
7. C 56. D
8. A 57. C
9. C 58. B
10. A 59. A
11. B 60. A
12. B 61. D
13. B 62. A
14. C 63. A
15. D 64. B
16. C 65. D
17. D 66. B
18. A 67. C
19. C 68. A
20. A 69. A
21. C 70. B
22. C 71. B
23. B 72. D
24. A 73. D
25. C 74. C
26. B 75. C
27. C 76. A
28. C 77. B
29. D 78. C
30. B 79. D
31. A 80. B
32. B 81. C
33. B 82. C
34. C 83. C
35. A 84. C
36. B 85. D
37. B 86. D
38. A 87. C
39. B 88. A
40. B 89. B
41. B 90. C
42. D 91. B
43. C 92. A
44. B 93. C
45. B 94. D
46. B 95. B

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96. B
97. A
98. C
99. C
100. D

Disclaimer: This is not the official

solution manual for Auditing Theory
2021 edition by Sir Salosagcol.

All answers are based on what I’ve read.

Thank you so much!

THIS MATERIAL IS NOT FOR SALE.

If you have any questions or need further

information, please feel free to contact
me.

Padayon, accrued CPA’s! FAITHING!

♥ MGA

© Mikaela Graciel Anne

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Chapter 4: The Audit Process – 47. B

Accepting an Engagement 48. A
49. D
1. A 50. B
2. B 51. B
3. D 52. D
4. D 53. D
5. A 54. D
6. A 55. A
7. A 56. A
8. B 57. A
9. D 58. C
10. D 59. D
11. B 60. B
12. A 61. A
13. B 62. C
14. B 63. C
15. C 64. A
16. D 65. C
17. B 66. D
18. D 67. A
19. D 68. B
20. C 69. D
21. D 70. D
22. A 71. B
23. D 72. C
24. B 73. C
25. A 74. C
26. B 75. D
27. A 76. D
28. B 77. A
29. A 78. A
30. D 79. C
31. D 80. B
32. B 81. B
33. D 82. B
34. C 83. B
35. B 84. B
36. A 85. B
37. A 86. C
38. C 87. B
39. B 88. D
40. A 89. A
41. D 90. A
42. C 91. D
43. D 92. A
44. A 93. C
45. B 94. C
46. C 95. C

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96. C
97. D
98. D
99. B
100. A
101. B
102. A

Disclaimer: This is not the official

solution manual for Auditing Theory
2021 edition by Sir Salosagcol.

All answers are based on what I’ve read.

Thank you so much!

THIS MATERIAL IS NOT FOR SALE.

If you have any questions or need further

information, please feel free to contact
me.

Padayon, accrued CPA’s! FAITHING!

♥ MGA

© Mikaela Graciel Anne

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Chapter 5: Audit Planning 48. B

49. D
1. A 50. D
2. C 51. B
3. C 52. D
4. B 53. D
5. A 54. A
6. D 55. D
7. C 56. B
8. D 57. B
9. A 58. B
10. A 59. B
11. A 60. D
12. B 61. A
13. C 62. D
14. D 63. A
15. D 64. B
16. D 65. B
17. B 66. D
18. B 67. B
19. D 68. C
20. B 69. A
21. C 70. A
22. A 71. C
23. 72. A
24. C 73. C
25. D 74. D
26. C 75. A
27. A 76. D
28. B 77. D
29. B 78. B
30. C 79. D
31. D 80. B
32. D 81. B
33. C 82. D
34. D 83. C
35. A 84. B
36. B 85. A
37. C 86. D
38. D 87. A
39. B 88. C
40. A 89. D
41. D 90. A
42. C 91. B
43. B 92. A
44. A 93. D
45. 94. B
46. B 95. B
47. C 96. A

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97. C Disclaimer: This is not the official

98. A solution manual for Auditing Theory
99. B 2021 edition by Sir Salosagcol.
100. D
101. A
102. D All answers are based on what I’ve read.
103. C
104. D Thank you so much!
105. B
106. D
107. A THIS MATERIAL IS NOT FOR SALE.
108. D
109. A If you have any questions or need further
110. A information, please feel free to contact
111. A me.
112. C
113. A
Padayon, accrued CPA’s! FAITHING!
114. D
115. D ♥ MGA
116. D
117. A
118. B
119. C
120. B
121. A
122. A
123. D
124. D
125. C
126. C
127. A
128. D
129. A
130. A
131. D

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Chapter 6: Consideration of Internal 47. B

Control 48. B
49. C
1. C 50. A
2. B 51. C
3. D 52. D
4. D 53. C
5. D 54. B
6. C 55. D
7. C 56. A
8. A 57. B
9. B 58. A
10. D 59. A
11. B 60. C
12. C 61. C
13. C 62. D
14. B 63. A
15. D 64. C
16. A 65. C
17. C 66. D
18. B 67. B
19. B 68. D
20. D 69. B
21. B 70. C
22. D 71. C
23. D 72. C
24. A 73. D
25. B 74. D
26. A 75. D
27. C 76. C
28. C 77. D
29. A 78. A
30. D 79. C
31. B 80. D
32. B 81. D
33. A 82. A
34. C 83. D
35. B 84. D
36. D 85. A
37. A 86. D
38. B 87. B
39. A 88. A
40. B 89. B
41. C 90. A
42. A 91.
43. B 92. D
44. B 93. B
45. B 94. A
46. D 95. C

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10

96. A Disclaimer: This is not the official

97. A solution manual for Auditing Theory
98. B 2021 edition by Sir Salosagcol.
99. A
100. A
101. B All answers are based on what I’ve read.
102. A
103. D Thank you so much!
104. D
105. D
106. D THIS MATERIAL IS NOT FOR SALE.
107. B
108. D If you have any questions or need further
109. B information, please feel free to contact
110. A me.
111. B
112. D
Padayon, accrued CPA’s! FAITHING!
113. B
114. A ♥ MGA
115. D
116. D
117. B
118. C
119. B
120. A
121. D
122. D
123.
124. A
125. C
126. C
127. A
128. D

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11

Chapter 7: Auditing in a 47. D

Computerized Environment 48. A
49. B
1. D 50. B
2. C 51. A
3. D 52. C
4. C 53. D
5. B 54. D
6. C 55. D
7. D 56. D
8. B 57. D
9. A 58. C
10. D 59. B
11. C 60. C
12. B 61. B
13. C 62. B
14. C 63. C
15. C 64. B
16. C 65. D
17. D 66. A
18. C 67. D
19. B 68. B
20. B 69. B
21. D 70. D
22. B 71. D
23. C 72. B
24. D 73. B
25. C 74. A
26. C 75. B
27. C 76. C
28. B 77. D
29. D 78. A
30. C 79. A
31. C 80. C
32. A 81. A
33. A 82. A
34. C 83. A
35. D 84. B
36. A 85. B
37. B 86. A
38. D 87. B
39. C 88. B
40. C 89. D
41. C 90. B
42. A 91. A
43. A 92. D
44. D 93. C
45. A 94. C
46. A 95. A

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12

96. C
97. D
98. B
99. B
100. B
101. A
102. B
103. B
104. D
105. A
106. C

Disclaimer: This is not the official

solution manual for Auditing Theory
2021 edition by Sir Salosagcol. All
answers are based on what I’ve read.
Let’s all compare our answers together.
Feel free to replace any wrong answers.
Kindly answer any blank numbers.
Thank you!

THIS MATERIAL IS NOT FOR SALE.

If you have any questions or need further

information, please feel free to contact
me.

Padayon, accrued CPA’s! FAITHING!

♥ MGA

© Mikaela Graciel Anne

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13

Chapter 8: Performing Substantive 47. D

Testing 48. A
49. B
1. C 50. A
2. A 51. C
3. C 52. B
4. A 53. A
5. B 54. D
6. A 55. C
7. B 56. A
8. B 57. C
9. D 58. D
10. A 59. C
11. A 60. C
12. D 61. C
13. D 62. B
14. B 63. B
15. C 64. A
16. 65. D
17. A 66. D
18. C 67. D
19. A 68. B
20. A 69. C
21. B 70. B
22. A 71. A
23. A 72. B
24. B 73. D
25. D 74. A
26. D 75. D
27. A 76. B
28. C 77. B
29. C 78. A
30. D 79. B
31. C 80. A
32. D 81. A
33. A 82. B
34. D 83. C
35. B 84. C
36. A 85. B
37. A 86. D
38. D 87. D
39. C 88. A
40. B 89. A
41. D 90. C
42. A 91. B
43. B 92. A
44. B 93. A
45. D 94. C
46. C 95. D

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96. C 145. B
97. B 146. D
98. A 147. C
99. D 148. C
100. D 149. A
101. A 150. D
102. A 151.
103. A 152. A
104. A 153. D
105. A 154. A
106. B 155. C
107. C 156. C
108. B 157. C
109. D 158. D
110. A 159. C
111. C 160. B
112. D 161. B
113. B 162. D
114. B 163. B
115. A 164. C
116. C 165. C
117. A 166. D
118. C 167. A
119. B 168. C
120. C 169. D
121. B 170. A
122. D 171. D
123. D 172. C
124. B 173. C
125. B 174. C
126. B 175. D
127. B 176. A
128. B 177. A
129. B 178. C
130. C 179. B
131. B 180. D
132. A 181. D
133. B
134. D
135. C
136. A
137. D
138. D
139. A
140. D
141. D
142. D
143. B
144. D

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15

Disclaimer: This is not the official

solution manual for Auditing Theory
2021 edition by Sir Salosagcol.

All answers are based on what I’ve read.

Thank you so much!

THIS MATERIAL IS NOT FOR SALE.

If you have any questions or need further

information, please feel free to contact
me.

Padayon, accrued CPA’s! FAITHING!

♥ MGA

© Mikaela Graciel Anne

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16

Chapter 9: Audit Sampling 48. C

49. B
1. B 50. A
2. A 51. C
3. D 52. A
4. A 53. B
5. D 54. D
6. A 55. D
7. A 56. B
8. C 57. A
9. A 58. C
10. A 59. C
11. C 60. B
12. C 61. A
13. B 62. B
14. B 63. D
15. A 64. B
16. A 65. C
17. D 66. B
18. A 67. C
19. A 68. D
20. B 69. A
21. C 70. B
22. A 71. A
23. A 72. A
24. C 73. C
25. C 74. B
26. B 75. C
27. D 76. A
28. A 77. A
29. A 78. B
30. D 79. B
31. A 80. D
32. C 81. A
33. C 82. B
34. C 83. A
35. D 84. B
36. A 85. B
37. C 86. A
38. D 87. A
39. A 88. A
40. D 89. B
41. A 90. D
42. B 91. B
43. B 92. B
44. D 93. B
45. C 94. C
46. C 95. B
47. D 96. B

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17

97. C
98. C
99. C
100. B
101. A
102. C
103. D
104.
105. B
106. C
107. A
108. C
109. A
110. A
111. B
112. A
113. D
114. A
115. C
116. A
117. C
118. D
119. C
120. A
121. C
122. D

Disclaimer: This is not the official

solution manual for Auditing Theory
2021 edition by Sir Salosagcol.

All answers are based on what I’ve read.

Thank you so much!

THIS MATERIAL IS NOT FOR SALE.

If you have any questions or need further

information, please feel free to contact
me.

Padayon, accrued CPA’s! FAITHING!

♥ MGA

© Mikaela Graciel Anne

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18

Chapter 10: Completing the Audit 48. C

49. D
1. A 50. C
2. C 51. A
3. C 52. A
4. B 53. C
5. A 54. A
6. A 55. D
7. C 56. D
8. D 57. B
9. A 58. C
10. C 59. B
11. C 60. B
12. D 61. B
13. D 62. B
14. A 63. B
15. D 64. D
16. B 65. A
17. D 66. B
18. C 67. D
19. C 68. B
20. B 69. A
21. A 70. B
22. A 71. A
23. B 72. C
24. B 73. B
25. A 74. A
26. A 75. D
27. C 76. A
28. B 77. D
29. D 78. C
30. B 79. B
31. D 80. B
32. B 81. B
33. D 82. A
34. A 83. B
35. D 84. D
36. D
37. A
38. C
39. C
40. C
41. C
42. C
43. C
44. C
45. B
46. D
47. C

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19

Disclaimer: This is not the official

solution manual for Auditing Theory
2021 edition by Sir Salosagcol.

All answers are based on what I’ve read.

Thank you so much!

THIS MATERIAL IS NOT FOR SALE.

If you have any questions or need further

information, please feel free to contact
me.

Padayon, accrued CPA’s! FAITHING!

♥ MGA

© Mikaela Graciel Anne

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20

Chapter 11: Audit Reports on 47. C

Financial Statements 48. A
49. B
1. B 50. A
2. A 51. A
3. B 52. B
4. D 53. A
5. A 54. B
6. C 55. C
7. B 56. D
8. B 57. A
9. B 58. C
10. B 59. D
11. B 60. C
12. C 61. C
13. C 62. D
14. B 63. A
15. A 64. D
16. D 65. D
17. B 66. A
18. C 67. B
19. A 68. D
20. A 69. B
21. B 70. A
22. D 71. D
23. D 72. C
24. A 73. D
25. A 74. C
26. C 75.
27. C 76. D
28. B 77. D
29. B 78. A
30. D 79. C
31. A 80. D
32. C 81. B
33. D 82. B
34. A 83. B
35. C 84. A
36. 85. A
37. A 86. C
38. A 87. D
39. B 88. D
40. C 89. B
41. B 90. A
42. A 91. C
43. D 92. D
44. D 93. B
45. C 94. C
46. D 95. B

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21

96. A 145. D
97. D 146. B
98. D 147. D
99. D
100. D
101. A Disclaimer: This is not the official
102. A solution manual for Auditing Theory
103. C 2021 edition by Sir Salosagcol.
104. A
105. D
106. B All answers are based on what I’ve read.
107. A
108. C Thank you so much!
109. D
110. B THIS MATERIAL IS NOT FOR SALE.
111. A
112. D
If you have any questions or need further
113. B
information, please feel free to contact
114. B
me.
115. B
116. A
117. D Padayon, accrued CPA’s! FAITHING!
118.
119. A ♥ MGA
120. D
121. A
122. D
123. D
124. A
125. D
126. D
127. A
128. D
129. A
130. C
131. C
132. D
133. D
134. D
135. B
136. A
137. D
138. B
139. D
140. D
141. A
142. C
143. A
144. B

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22

Chapter 12: Assurance and Related 47. B

Services 48. B
49. C
1. C 50. C
2. C 51. A
3. A 52. D
4. B 53. B
5. B 54. C
6. C 55. D
7. D 56. D
8. D 57. A
9. D 58. D
10. C 59. D
11. C 60. C
12. B 61. D
13. B 62. C
14. D 63. A
15. B 64. B
16. D 65. D
17. B 66. C
18. B 67. C
19. B 68. C
20. D 69. C
21. B 70. D
22. D 71. B
23. D
24. C
25. A Disclaimer: This is not the official
26. D solution manual for Auditing Theory
27. C 2021 edition by Sir Salosagcol.
28. A
29. A
30. D All answers are based on what I’ve read.
31. D
32. C Thank you so much!
33. D
34. A
THIS MATERIAL IS NOT FOR SALE.
35. A
36. D
If you have any questions or need further
37. C
38. A information, please feel free to contact
39. D me.
40. A
41. A Padayon, accrued CPA’s! FAITHING!
42. C
43. D ♥ MGA
44. B
45. D
46. B

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23

Chapter 13: The Code of Ethics and 45. B

Republic Act 9298 46. A
47. A
48. C
49. D
1. B
50. C
2. D
51. B
3. A
52. C
4. A
53. A
5. B
54. A
6. D
55. D
7. D
56. D
8. B
57. B
9. C
58. A
10. B
59. A
11. A
60. D
12. B
61. D
13. D
62. D
14. D
63. B
15. D
64. C
16. B
65. B
17. D
66. C
18. B
67. A
19. C
68. D
20. A
69. A
21. D
70. B
22. B
71. D
23. B
72. D
24. D
73. D
25. D
74. A
26. C
75. C
27. C
76. C
28. D
77. D
29. B
78. A
30. D
79. D
31. C
80. A
32. C
81. D
33. C
82. C
34. C
83. D
35.
84. D
36. D
85. A
37. B
86. D
38. D
87. D
39. A
88. C
40. B
89. C
41. D
90. A
42. C
91. C
43. B
92. B
44. C
93. A

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94. A 143. A
95. C 144. C
96. D 145. C
97. C 146.
98. D 147. D
99. D 148. B
100. A 149. B
101. C 150. B
102. D 151. A
103. C 152. B
104. A 153. C
105. A 154. B
106. B 155. B
107. B 156. D
108. A 157. A
109. D 158. B
110. D 159. D
111. D 160.
112. A
113. D
114. C Disclaimer: This is not the official
115. B solution manual for Auditing Theory
116. A 2021 edition by Sir Salosagcol.
117. C
118. D
119. D All answers are based on what I’ve read.
120. D
121. C Thank you so much!
122. A
123. C THIS MATERIAL IS NOT FOR SALE.
124. D
125. D
If you have any questions or need further
126. B
information, please feel free to contact
127. D
me.
128. A
129. C
130. D Padayon, accrued CPA’s! FAITHING!
131. C
132. A ♥ MGA
133. A
134. C
135. D
136. D
137. B
138. B
139. B
140. A
141. D
142. D

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