A CPA who has been engaged to audit financial statements that were prepared on a cash basis:

A CPA who has been engaged to audit financial statements that were prepared on a cash basis: a. must ascertain that there is proper disclosure of the...

A CPA who has been engaged to audit financial statements that were prepared on a cash basis:

A CPA who has been engaged to audit financial statements that were prepared on a cash basis: a. must ascertain that there is proper disclosure of the...

An auditor has been asked to report on the balance sheet of Kane Company but not on the other basic financial statements. The auditor will have access to all information underlying the basic financial statements. Under these circumstances, the auditor:

An auditor has been asked to report on the balance sheet of Kane Company but not on the other basic financial statements. The auditor will have access...

Non-accounting data included in a long-form report have been subjected to auditing procedures. The auditor’s report should state this fact and should explain that the non-accounting data are presented for analysis purposes. In addition, the auditor’s report should state whether the non-accounting data are:

Non-accounting data included in a long-form report have been subjected to auditing procedures. The auditor’s report should state this fact and should...

An accountant may accept an engagement to apply agreed-upon procedures to prospective financial statements provided that:

An accountant may accept an engagement to apply agreed-upon procedures to prospective financial statements provided that: a. distribution of the report...

Which of the following is not an element of examining a forecast?

Which of the following is not an element of examining a forecast? a. Evaluating the preparation of the prospective financial statements. b. Understanding...

Why do standards prohibit the general use of projections?

Why do standards prohibit the general use of projections? a. Standards allow the general use of projections. b. Reports on projections are not well...

Debt compliance letters are ordinarily addressed to:

Debt compliance letters are ordinarily addressed to: a. underwriters of securities. b. the client’s audit committee. c. creditor financial institutions. d. the...

You are a CPA retained by the manager of a cooperative retirement village to do “write-up work.” You are expected to prepare unaudited financial statements with each page marked “unaudited” and accompanied by a disclaimer of opinion stating no audit was performed. In performing the work, you discover that there are no invoices to support a claim for a $25,000 disbursement. The manager informs you that all the disbursements are proper. What should you do?

You are a CPA retained by the manager of a cooperative retirement village to do “write-up work.” You are expected to prepare unaudited financial statements...

The title of a review report issued for a public company’s quarterly financial statements is titled with which of the following?

The title of a review report issued for a public company’s quarterly financial statements is titled with which of the following? a. Report of Independent...

When an accountant performs more than one level of service (for example, a compilation and a review, or a compilation and an audit) concerning the financial statements of a nonpublic entity, the accountant generally should issue the report that is appropriate for:

When an accountant performs more than one level of service (for example, a compilation and a review, or a compilation and an audit) concerning the financial...

Which of the following procedures is not included in a review engagement of a nonpublic entity?

Which of the following procedures is not included in a review engagement of a nonpublic entity? a. Inquiries of management. b. Inquiries regarding events...

An accountant who reviews the financial statements of a nonpublic entity should issue a report stating that a review:

An accountant who reviews the financial statements of a nonpublic entity should issue a report stating that a review: a. is substantially equivalent...

Assurance provided by a review is substantially less than an audit. Which of the following statements is true regarding these services?

Assurance provided by a review is substantially less than an audit. Which of the following statements is true regarding these services? a. A review...

Statements on Accounting and Review Services are issued by the:

Statements on Accounting and Review Services are issued by the: a. Auditing Standards Board. b. Securities and Exchange Commission. c. Public Company...

An agreed-upon procedures engagement is one in which:

An agreed-upon procedures engagement is one in which: a. the auditor and management agree that procedures will be applied to all accounts and circumstances. b. the...

General use statements are prepared for use by ___

General use statements are prepared for use by ________. a. known contractual parties b. any third parties c. regulators d. none of the abo...

Professional standards prohibit one of the following types of engagements for prospective financial statements from being undertaken.

Professional standards prohibit one of the following types of engagements for prospective financial statements from being undertaken. a. A compilation. b. A...

__ are prospective financial statements that present an entity’s financial position, results of operations, and cash flows, to the best of the responsible party’s knowledge and belief, given one or more hypothetical assumptions.

__ are prospective financial statements that present an entity’s financial position, results of operations, and cash flows, to the best of the responsible...

__ are prospective financial statements that present an entity’s expected financial position, results of operations, and cash flows, to the best of the responsible party’s knowledge and belief.

__ are prospective financial statements that present an entity’s expected financial position, results of operations, and cash flows, to the best of...

A report on an examination is _______ as to the distribution by the client after it is issued.

A report on an examination is _______ as to the distribution by the client after it is issued. a. restricted b. limited c. unrestricted d. none of...

Which of the following is not one of the general types of prospective financial statements included in the attestation standards?

Which of the following is not one of the general types of prospective financial statements included in the attestation standards? a. Forecasts. b. Projections. c. Earnings...

Which of the following types of engagement reports would provide positive assurance?

Which of the following types of engagement reports would provide positive assurance? a. An examination. b. A review. c. An agreed-upon procedures engagement. d. A...

Which of the following types of engagement reports would provide positive assurance?

Which of the following types of engagement reports would provide positive assurance? a. An examination. b. A review. c. An agreed-upon procedures engagement. d. A...

Which of the following is not one of the types of engagements and related forms of conclusions that are defined by the attestation standards?

Which of the following is not one of the types of engagements and related forms of conclusions that are defined by the attestation standards? a. Reviews. b. Compilations. c. Examinations. d. Agreed-upon...

Which of the following is not a standard contained in both the Statement on Standards for Attestation Engagements and the Statement on Auditing Standards?

Which of the following is not a standard contained in both the Statement on Standards for Attestation Engagements and the Statement on Auditing Standards? a. The...

Auditors frequently audit statements that were prepared on a comprehensive basis of accounting other than GAAP. When this occurs:

Auditors frequently audit statements that were prepared on a comprehensive basis of accounting other than GAAP. When this occurs: a. generally accepted...

Reports on debt compliance and similar engagements may be issued as a separate report or as part of a report that expresses the auditor’s opinion on the financial statements. When they are issued as a part of the report on the financial statements, it is done by:

Reports on debt compliance and similar engagements may be issued as a separate report or as part of a report that expresses the auditor’s opinion on...

The WebTrust service requires that a CPA update its testing of the e-commerce aspects of a entity’s Web site at least every:

The WebTrust service requires that a CPA update its testing of the e-commerce aspects of a entity’s Web site at least every: a. ninety days. b. month. c. six...

The quarterly reports submitted to the SEC by the client:

The quarterly reports submitted to the SEC by the client: a. have to be audited and the CPA firm must be identified. b. do not have to be audited, but...

The Securities and Exchange Commission requires quarterly financial information as a part of the:

The Securities and Exchange Commission requires quarterly financial information as a part of the: a. 10-K report. b. 10-Q report. c. 8-K report. d....

Which of the following services is performed under the attestation standards?

Which of the following services is performed under the attestation standards? a. WebTrust b. SysTrust c. Both a and b d. Neither a nor...

Evidence for a review engagement consists primarily of:

Evidence for a review engagement consists primarily of:  a. inquiries. b. analytical procedures. c. tests of details. d. both a and ...

Which of the following forms of review are permissible under SSARS?

Which of the following forms of review are permissible under SSARS? a. Review with full disclosure. b. Review that omits substantially all disclosures. c. Reviews...

In which type of report would you read the following statement: “We believe that our examination provides a reasonable basis for our opinion.”?

In which type of report would you read the following statement:  “We believe that our examination provides a reasonable basis for our opinion.”? a. Review b....

Distribution of which of the following types of reports is limited?

Distribution of which of the following types of reports is limited? a. Audit b. Review c. Agreed-upon procedures d. Examinati...

Which of the following is not an area of emphasis in a review conducted under the SSARS?

Which of the following is not an area of emphasis in a review conducted under the SSARS? a. Tests of internal controls. b. Make inquiries of management. c. Obtain...

Reports on agreed-upon procedures are intended to be distributed:

Reports on agreed-upon procedures are intended to be distributed: a. to only the involved parties, who would have the requisite knowledge about those...

Specific attestation standards have been developed in all but which of the following areas?

Specific attestation standards have been developed in all but which of the following areas? a. Pro forma financial information. b. Compliance with...

An auditor who conducts an examination in accordance with generally accepted auditing standards and concludes that the financial statements are fairly presented in accordance with a comprehensive basis of accounting other than GAAP, should issue a:

An auditor who conducts an examination in accordance with generally accepted auditing standards and concludes that the financial statements are fairly...

For reviews, an accountant does not do which of the following?

For reviews, an accountant does not do which of the following? a. Obtain an understanding of internal control. b. Perform tests of controls. c. Perform...

The statement that “Nothing came to our attention which would indicate that these statements are not fairly presented” expresses which of the following?

The statement that “Nothing came to our attention which would indicate that these statements are not fairly presented” expresses which of the following? a. Disclaimer...

The distribution of which of the following types of reports is unrestricted?

The distribution of which of the following types of reports is unrestricted? a. Examinations and reviews b. Reviews and agreed-upon procedures c. Examinations...

Which of the following would not be included in a CPA’s report based upon a review of the financial statements of a nonpublic entity?

Which of the following would not be included in a CPA’s report based upon a review of the financial statements of a nonpublic entity? a. A statement...

Which of the following meets the attestation standards’ definition of an examination?

Which of the following meets the attestation standards’ definition of an examination? a. Preparing a corporation’s annual tax returns. b. An audit of...

A CPA firm can issue a compilation report:

A CPA firm can issue a compilation report: a. only if the partners are independent. b. only if all the partners and the staff in the office performing...

An examination results in a conclusion that is in a(n) _______ form.

An examination results in a conclusion that is in a(n) _______ form. a. limited assurance b. negative c. positive d. unequivoc...

Compilation reports may be of all but which of the following types?

Compilation reports may be of all but which of the following types? a. Compilation with limited independence. b. Compilation with full disclosure c. Compilation...

Compilation reports may be of all but which of the following types?

Compilation reports may be of all but which of the following types? a. Compilation with limited independence. b. Compilation with full disclosure c....

A(n) __results in a conclusion that is in a positive form.

A(n) _______ results in a conclusion that is in a positive form. a. review b. compilation c. examination d. none of the abo...

Practitioners who perform reviews and compilations are referred to in the SSARS standards as:

Practitioners who perform reviews and compilations are referred to in the SSARS standards as: a. bookkeepers. b. accountants. c. auditors. d. CPAs...

Because the same CPA firm does both the annual audit and the public company interim financial statement review, they are referred to as _

Because the same CPA firm does both the annual audit and the public company interim financial statement review, they are referred to as _______. a....

Statements on Standards for Attestation Engagements are established by the:

Statements on Standards for Attestation Engagements are established by the: a. Securities and Exchange Commission. b. Public Company Accounting Oversight...

The auditor’s responsibility with respect to events occurring between the balance sheet date and the end of the audit examination is best expressed by which of the following statements?

The auditor’s responsibility with respect to events occurring between the balance sheet date and the end of the audit examination is best expressed...

The auditor’s responsibility with respect to events occurring between the balance sheet date and the end of the audit examination is best expressed by which of the following statements?

The auditor’s responsibility with respect to events occurring between the balance sheet date and the end of the audit examination is best expressed...

A client has a calendar year-end. Listed below are four events that occurred after December 31. Which one of these subsequent events might result in adjustment of the December 31 financial statements?

A client has a calendar year-end. Listed below are four events that occurred after December 31. Which one of these subsequent events might result in...

After an auditor has issued an audit report on a nonpublic entity, there is no obligation to make any further audit tests or inquiries with respect to the audited financial statements covered by that report unless:

After an auditor has issued an audit report on a nonpublic entity, there is no obligation to make any further audit tests or inquiries with respect...

An auditor’s decision concerning whether or not to “dual date” the audit report is based upon the auditor’s willingness to:

An auditor’s decision concerning whether or not to “dual date” the audit report is based upon the auditor’s willingness to: a. extend auditing procedures...

Subsequent events affecting the realization of assets ordinarily will require adjustments of the financial statements under examination because such events typically represent the:

Subsequent events affecting the realization of assets ordinarily will require adjustments of the financial statements under examination because such...

An auditor must obtain written client representations that normally should be signed by:

An auditor must obtain written client representations that normally should be signed by: a. the treasurer and the internal auditor. b. the president...

An auditor must obtain written client representations that might be signed by all but which of the following?

An auditor must obtain written client representations that might be signed by all but which of the following? a. Treasurer b. Chief financial officer c....

Elise-Greer, LLP is an affiliate of the audit client and is audited by another firm of auditors. Which of the following is most likely to be used by the auditor to obtain assurance that all guarantees of the affiliate’s indebtedness have been detected?

Elise-Greer, LLP is an affiliate of the audit client and is audited by another firm of auditors. Which of the following is most likely to be used by...

A company guarantees the debt of an affiliate. Which of the following best describes the audit procedure that would make the auditor aware of the guarantee?

A company guarantees the debt of an affiliate. Which of the following best describes the audit procedure that would make the auditor aware of the guarantee? a....

An attorney is responding to an independent auditor as a result of the client’s letter of inquiry. The attorney may appropriately limit the response to:

An attorney is responding to an independent auditor as a result of the client’s letter of inquiry. The attorney may appropriately limit the response...

Management furnishes the independent auditor with information concerning litigation, claims, and assessments. Which of the following is the auditor’s primary means of initiating action to corroborate such information?

Management furnishes the independent auditor with information concerning litigation, claims, and assessments. Which of the following is the auditor’s...

A CPA has received an attorney’s letter in which no significant disagreements with the client’s assessments of contingent liabilities were noted. The resignation of the client’s lawyer shortly after receipt of the letter should alert the auditor that:

A CPA has received an attorney’s letter in which no significant disagreements with the client’s assessments of contingent liabilities were noted. The...

Which of the following is not required to be communicated to the audit committee or similarly designated body under auditing standards?

Which of the following is not required to be communicated to the audit committee or similarly designated body under auditing standards? a. All material...

Which of the following is not a reason why the auditor requests that the client provide a letter of representation?

Which of the following is not a reason why the auditor requests that the client provide a letter of representation? a. Professional auditing standards...

The process of “final evidence accumulation” is always done late in the engagement. Which one of the following would be done the earliest in the engagement?

The process of “final evidence accumulation” is always done late in the engagement. Which one of the following would be done the earliest in the engagement? a....

The auditor’s responsibility for “reviewing the subsequent events” of a public company that is about to issue new securities is normally limited to the period of time:

The auditor’s responsibility for “reviewing the subsequent events” of a public company that is about to issue new securities is normally limited to...

If the auditor concludes that there are contingent liabilities, he or she must evaluate the significance of the potential liability and the nature of the disclosure needed in the financial statements. Which of the following statements is not true?

If the auditor concludes that there are contingent liabilities, he or she must evaluate the significance of the potential liability and the nature of...

Why must audit documentation be reviewed?

Why must audit documentation be reviewed? a. To ensure that the audit meets the CPA firm’s standard of performance. b. To evaluate the performance of...

If the auditor determines that a subsequent event that affects the current period financial statements occurred after fieldwork was completed but before the audit report was issued, what date(s) may the auditor use on the report?

If the auditor determines that a subsequent event that affects the current period financial statements occurred after fieldwork was completed but before...

While there is no professional requirement to do so on audit engagements, CPAs frequently issue a formal “management” letter to clients. The primary purpose of this letter is to provide:

While there is no professional requirement to do so on audit engagements, CPAs frequently issue a formal “management” letter to clients. The primary...

Which of the following material events occurring subsequent to the balance sheet date would require an adjustment to the financial statements before they could be issued?

Which of the following material events occurring subsequent to the balance sheet date would require an adjustment to the financial statements before...

Which of the following determines the sufficiency of evidence?

Which of the following determines the sufficiency of evidence? a. Generally Accepted Auditing Standards. b. Securities and Exchange Commission regulations. c....

Which event that occurred after the end of the fiscal year under audit but prior to issuance of the auditor’s report would not require disclosure in the financial statements?

Which event that occurred after the end of the fiscal year under audit but prior to issuance of the auditor’s report would not require disclosure in...

An auditor performs interim work at various times throughout the year. The auditor’s subsequent events work should be extended to the date of:

An auditor performs interim work at various times throughout the year. The auditor’s subsequent events work should be extended to the date of: a. the...

In connection with the annual audit, which of the following is not a “subsequent events” procedure?

In connection with the annual audit, which of the following is not a “subsequent events” procedure? a. Review available interim financial statements. b....

As part of an audit, a CPA often requests a representation letter from the client. Which one of the following is not a valid purpose of such a letter?

As part of an audit, a CPA often requests a representation letter from the client. Which one of the following is not a valid purpose of such a letter? a....

Which of the following is the most efficient audit procedure for the detection of unrecorded liabilities at the balance sheet date?

Which of the following is the most efficient audit procedure for the detection of unrecorded liabilities at the balance sheet date? a. Obtain an attorney’s...

Which of the following auditing procedures is ordinarily performed last?

Which of the following auditing procedures is ordinarily performed last? a. Reading minutes of the board of directors’ meetings. b. Confirming accounts...

Which of the following would be a subsequent discovery of facts which would require a response by the auditor?

Which of the following would be a subsequent discovery of facts which would require a response by the auditor? a. Discovery of the inclusion of material...

When a client will not permit inquiry of outside legal counsel, the audit report will ordinarily contain a(n):

When a client will not permit inquiry of outside legal counsel, the audit report will ordinarily contain a(n): a. disclaimer of opinion. b. qualified...

Which of the following statements is correct?

Which of the following statements is correct? a. A letter of representation is documentation of management’s acceptance of responsibility for the financial...

Which of the following audit procedures would most likely assist an auditor in identifying conditions and events that may indicate there could be substantial doubt about an entity’s ability to continue as a going concern?

Which of the following audit procedures would most likely assist an auditor in identifying conditions and events that may indicate there could be substantial...

The auditor is responsible for communicating significant internal control deficiencies to the audit committee, or those charged with governance. This communication:

The auditor is responsible for communicating significant internal control deficiencies to the audit committee, or those charged with governance. This...

SAS No. 99 and SAS No. 54 require the auditor to communicate all frauds and illegal acts to the audit committee:

SAS No. 99 and SAS No. 54 require the auditor to communicate all frauds and illegal acts to the audit committee: a. only if the act is immaterial. b....

Which of the following is not one of the categories of items included in the client letter of representation?

Which of the following is not one of the categories of items included in the client letter of representation? a. Subsequent events b. Completeness of...

Which of the following is not a purpose of the client letter of representation?

Which of the following is not a purpose of the client letter of representation? a. To impress upon the audit firm its responsibility for the audit. b....

A client representation letter is:

A client representation letter is: a. prepared on the client’s letterhead. b. addressed to the CPA firm. c. signed by high-level officials (e.g. the...

Refusal by a client to prepare and sign the representation letter would require a(n):

Refusal by a client to prepare and sign the representation letter would require a(n): a. qualified opinion or a disclaimer. b. adverse opinion or a...

If an auditor concludes there are contingent liabilities, then he or she must evaluate the:

If an auditor concludes there are contingent liabilities, then he or she must evaluate the: a. materiality of the potential liability. b. nature of...

Which of the following statements regarding the letter of representation is not correct?

Which of the following statements regarding the letter of representation is not correct? a. It is prepared on the client’s letterhead. b. It is addressed...

SAS No. 59 requires auditors to evaluate whether there is a substantial doubt about a client’s ability to continue as a going concern. One of the most important types of evidence to assess the going concern question is:

SAS No. 59 requires auditors to evaluate whether there is a substantial doubt about a client’s ability to continue as a going concern. One of the most...

SAS No. 59 requires the auditor to evaluate whether there is a substantial doubt about a client’s ability to continue as a going concern for at least:

SAS No. 59 requires the auditor to evaluate whether there is a substantial doubt about a client’s ability to continue as a going concern for at least: a....

Which of the following is not a matter that is typically included in the letter of representation obtained from an audit client?

Which of the following is not a matter that is typically included in the letter of representation obtained from an audit client? a. Availability of...

The audit procedures for the subsequent events review can be divided into two categories: (1) procedures normally integrated as a part of the verification of year-end account balances, and (2) those performed specifically for the purpose of discovering subsequent events. Which of the following procedures is in category 2?

The audit procedures for the subsequent events review can be divided into two categories: (1) procedures normally integrated as a part of the verification...

The audit procedures for the subsequent events review can be divided into two categories: (1) procedures integrated as a part of the verification of year-end account balances, and (2) those performed specifically for the purpose of discovering subsequent events. Which of the following procedures is in category 1?

The audit procedures for the subsequent events review can be divided into two categories: (1) procedures integrated as a part of the verification of...

When should auditors generally assess a client’s ability to continue as a going concern?

When should auditors generally assess a client’s ability to continue as a going concern? a. Upon completion of the audit. b. During the planning stages...

The letter of representation obtained from an audit client should be:

The letter of representation obtained from an audit client should be: a. dated as of the end of the period under audit. b. dated as of the audit report...

Which of the following items would ordinarily not be included in the standard letter of inquiry to the client’s attorney?

Which of the following items would ordinarily not be included in the standard letter of inquiry to the client’s attorney? a. A list, prepared by management,...

The standard letter of inquiry to the client’s legal counsel should be prepared on:

The standard letter of inquiry to the client’s legal counsel should be prepared on: a. plain paper (no letterhead) and be unsigned. b. lawyer’s stationery...

Commitments include all but which of the following?

Commitments include all but which of the following? a. Agreements to purchase raw materials. b. Pension plans. c. Agreements to lease facilities at...

Which of the following procedures might be useful in discovering a contingent liability for a lawsuit that management is intentionally neglecting to disclose?

Which of the following procedures might be useful in discovering a contingent liability for a lawsuit that management is intentionally neglecting to...

Inquiries of management regarding the possibility of unrecorded contingencies will not be useful in uncovering:

Inquiries of management regarding the possibility of unrecorded contingencies will not be useful in uncovering: a. management’s intentional failure...

Which of the following procedures and methods are important in assessing a company’s ability to continue as a going concern?

Which of the following procedures and methods are important in assessing a company’s ability to continue as a going concern? a. Performance of analytical...

At what stages of the audit must analytical procedures be used?

At what stages of the audit must analytical procedures be used? a. Planning and testing. b. Testing and completion. c. Planning and completion. d. Planning,...

With which of the following client personnel would it generally not be appropriate to inquire about commitments or contingent liabilities?

With which of the following client personnel would it generally not be appropriate to inquire about commitments or contingent liabilities?  a....

Which of the following subsequent events is most likely to result in an adjustment to a company’s financial statements?

Which of the following subsequent events is most likely to result in an adjustment to a company’s financial statements? a. Merger or acquisition activities. b....

Which of the following is not one of the three main reasons why it is essential that audit files be thoroughly reviewed by another member of the audit firm at the completion of the audit?

Which of the following is not one of the three main reasons why it is essential that audit files be thoroughly reviewed by another member of the audit...

Who may identify matters to be included in a letter of inquiry sent to a client’s legal counsel?

Who may identify matters to be included in a letter of inquiry sent to a client’s legal counsel? a. Company management. b. Auditors. c. Company’s legal...

Auditors will generally send a standard inquiry letter to:

Auditors will generally send a standard inquiry letter to: a. only those attorneys who have devoted substantial time to client matters during the year. b. every...

Whenever subsequent events are used to evaluate the amounts included in the statements, care must be taken to distinguish between conditions that existed at the balance sheet date and those that come into being after the end of the year. The subsequent information should not be incorporated directly into the statements if the conditions causing the change in valuation:

Whenever subsequent events are used to evaluate the amounts included in the statements, care must be taken to distinguish between conditions that existed...

Which type of subsequent event requires consideration by management and evaluation by the auditor?

Which type of subsequent event requires consideration by management and evaluation by the auditor? a. Subsequent events that have a direct effect on...

Which of the following is not a contingent liability with which an auditor is particularly concerned?

Which of the following is not a contingent liability with which an auditor is particularly concerned? a. Income tax disputes b. Notes receivable discounted c. Product...

Which of the following is not a contingent liability with which an auditor is particularly concerned?

Which of the following is not a contingent liability with which an auditor is particularly concerned? a. Income tax disputes b. Notes receivable discounted c....

The auditor has a responsibility to review transactions and activities occurring after the year-end to determine whether anything occurred that might affect the statements being audited. The procedures required to verify these transactions are commonly referred to as the review for:

The auditor has a responsibility to review transactions and activities occurring after the year-end to determine whether anything occurred that might...

SFAS 5 describes _____ levels of likelihood of occurrence.

SFAS 5 describes _____ levels of likelihood of occurrence. a. one b. two c. three d. fo...

The responsibility for identifying and deciding the appropriate accounting treatment for contingent liabilities rests with a company’s _

The responsibility for identifying and deciding the appropriate accounting treatment for contingent liabilities rests with a company’s _____. a. auditors. b....

At the completion of the audit, management is asked to make a written statement that it is not aware of any undisclosed contingent liabilities. This statement would appear in the:

At the completion of the audit, management is asked to make a written statement that it is not aware of any undisclosed contingent liabilities. This...

One of the auditor’s primary concerns relative to presentation and disclosure-related objectives is:

One of the auditor’s primary concerns relative to presentation and disclosure-related objectives is: a. accuracy. b. existence. c. completeness. d....

Which of the following is an incorrect combination of the “likelihood of occurrence” and financial statement treatment?

Which of the following is an incorrect combination of the “likelihood of occurrence” and financial statement treatment? a. Remote – no disclosure. b....

If a potential loss on a contingent liability is remote, the liability should be:

If a potential loss on a contingent liability is remote, the liability should be: a. disclosed in footnotes, but not accrued. b. neither accrued nor...

Auditors often integrate procedures for presentation and disclosure objectives with:

Auditors often integrate procedures for presentation and disclosure objectives with: a. tests for transaction-related objectives. b. tests for balance-related...

Which of the following is not a condition for a contingent liability to exist?

Which of the following is not a condition for a contingent liability to exist? a. There is a potential future payment to an outside party that would...

Passing a parameter to a class template has an effect at ____ time.

Passing a parameter to a class template has an effect at ____ time. c.compi...

As shown in the figure above, memberAccessSpecifier is _

As shown in the figure above, memberAccessSpecifier is ____. d.public, protected or priva...

Class templates are called ____types.

Class templates are called ____types.  b.parameterized The general syntax to define a derived class is: class className:memberAccessSpecifier...

Based on the template above, what will the following code output to the screen:

Based on the template above, what will the following code output to the screen: cout << larger(5,6) << endl; ? d...

A base class wants to allow a derived class to access one of its data members. However, the base class does not want this member to be directly accessed outside the class. The base class should declare the member using the ____ access specifier.

A base class wants to allow a derived class to access one of its data members. However, the base class does not want this member to be directly accessed...

When you declare a derived class object, this object inherits the members of the base class. However, the derived class object cannot directly access the _

When you declare a derived class object, this object inherits the members of the base class. However, the derived class object cannot directly access...

If class Dog has a derived class Retriever, which of the following is true?

If class Dog has a derived class Retriever, which of the following is true? b.In the case of single inheritance, Retriever is derived from no other...

Object oriented design has three basic principles: encapsulation, polymorphism and _

Object oriented design has three basic principles: encapsulation, polymorphism and ____. //RIGHT ANSWER WOULD BE INHERITANCE, I THINK THERE IS AN ERROR...

A(n) ____ is a data type that specifies the logical properties without the implementation details.

A(n) ____ is a data type that specifies the logical properties without the implementation details. d.abstract data ty...

In the code above, the top box contains the _

In the code above, the top box contains the ____. a.name of the class b.membe...

_ is the ability to create new data types from existing data types.

____ is the ability to create new data types from existing data types. c.Inheritan...

A(n) _ is a step by step problem solving process in which a solution is arrived at in a finite amount of time.

A(n) ____ is a step by step problem solving process in which a solution is arrived at in a finite amount of time. b.algorit...

Software engineers typically break the software development process into the following four phases: analysis,____, implementation, testing, and debugging.

Software engineers typically break the software development process into the following four phases: analysis,____, implementation, testing, and debugging. a....

_ can be defined as the shared beliefs, assumptions, and values that we learn from society or a group that guides or influences our behavior.

_ can be defined as the shared beliefs, assumptions, and values that we learn from society or a group that guides or influences our behavior.  a....

Differences in nationality, ethnicity, religion, gender, or generation is:

Differences in nationality, ethnicity, religion, gender, or generation is:  a. Culture b. Diversity c. Internationalism d. Individualism e. None...

Which of the following would NOT be considered a complexity of international

Which of the following would NOT be considered a complexity of international projects?   a. Currency exchange b. Regulations and laws c. Language d....

The first thing to consider when faced with an ethical dilemma would be

The first thing to consider when faced with an ethical dilemma would be  a. Identify the consequences b. Check with legal counsel c. Gather the...

You have been issued a computer by your employer. Using this computer to trade stocks online could be considered which of the following ethical dilemmas?

You have been issued a computer by your employer. Using this computer to trade stocks online could be considered which of the following ethical dilemmas?  a....

While working on an IT project, you learn that a particular department plans to reduce its staff by 50%.

While working on an IT project, you learn that a particular department plans to reduce its staff by 50%. The manager of this department has asked the...

A gift from a vendor could cause the following ethical dilemma _

A gift from a vendor could cause the following ethical dilemma _____.  a. Confidence b. Human resource c. Corporate resource d. Conflict of interest e....

Which of the following would be an ethical dilemma where impartiality and trust come into question?

Which of the following would be an ethical dilemma where impartiality and trust come into question?  a. Confidence b. Human resource c. Corporate...

Focusing on fairness in terms of equity, reciprocity, and impartiality is hoping to avoid which ethical dilemma?

Focusing on fairness in terms of equity, reciprocity, and impartiality is hoping to avoid which ethical dilemma?  a. Confidence b. Human resource c....