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1.
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While the Foreign Corrupt Practices Act of 1977 remains in effect, its internal control
provisions have been largely superseded by which of the following?
4.
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The laws that have been developed through court decisions are called:
6.
A broad interpretation of the rights of third-party beneficiaries holds that users that the
auditor should have been able to foresee as being likely users of financial statements have the
same rights as those with privity of contract. This is known as the concept of:
7.
The standard of due care to which the auditor is expected to adhere to in the performance of
the audit is referred to as the:
8.
An individual who is not party to the contract between a CPA and the client, but who is
known by both and is intended to receive certain benefits from the contract is known as:
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Laws that have been passed by the U.S. Congress and other governmental units are:
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The responsibility for the preparation of the financial statements and the accompanying
footnotes belongs to:
17.
The posting and summarization audit objective is the auditor's counterpart to management's
assertion of:
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19.
Which of the following statements is the most correct regarding errors and fraud?
Which of the following assertions is described as "this assertion addresses whether all
transactions that should be included in the financial statements are in fact included"?
20.
The most important general ledger account included in and affecting several cycles is the:
21.
Tests of details of balances are specific audit procedures that are intended to:
22.
"The auditor should not assume that management is dishonest, but the possibility of
dishonesty must be considered." This is an example of:
23.
When an auditor believes that an illegal act may have occurred, the auditor should first:
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When an auditor knows that an illegal act has occurred, she must:
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Which of the following is the auditor least likely to do when aware of an illegal act?