9. Which of the following is considered an assurance engagement? b. Preparation
ID: 2335827 • Letter: 9
Question
9. Which of the following is considered an assurance engagement? b. Preparation d. Audit 10. Which of the following engagements is most likely to be considered an operational audic? The auditor evaluates the organization's efficiency in processing payments. a. b. The auditor examines information presemted in an entity's financial statements to determine whether the financial statements are presented fairly in accordance with the applicable financial c. The auditor determines wbether the organization is following provisions of laws and regulations. d. The auditor assists the client in preparation of financial statements reporting framework II. Which of the following engagements is most likely to be considered a compliance audir a. The auditor evaluates the organization's efficiency in processing payments. b. The auditor examines information presented in an entity's financial statements to determine whether the statements are presented fairly in accorance with the applicablke financial reporting framework 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 12. Which of the following aributes 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 c Complex body of knowledge d. Competence following services can be offered to public company audit clients under the SEC requirements and the Sarbanes-Oxley Act? a. Appraisal or valuation services b. Internal audit outsourcing c. Tax planning not involving tax shelters d. Bookkeeping and other accounting services Which of the following stalements is truc about Interpretations of the AICPA Code of Professional Conduct? a. Interpretations are not enforceable by the AICPA in a disciplinary mater. 14. b. Interpretat c. Interpretati ons are strictly enforceable by the AICPA in a disciplinary matter. ons are strictly enforceable by the AICPA and all state boards of accountancy in a disciplinary matter. An AICPA member who departs from an interpretation has the burden of justifying a departure in any disciplinary hearing d. 15. In the Conceptual Framework to the AICPA Code of Professional Conduct, an adverse interest threat is a. the threat that a CPA could benefit, financially or otherwise, from an interest in, or a relationship with, a b. client or persons associated with the client. the threat that a CPA will not act with objectivity because the CPA's interests are opposed to the client's interests. the threat that a CPA will take on the role of client management or otherwise assume management responsibilities. the threat c. d. t that a CPA will promote a client's interests or position to the point that the CPA's objectivity or is compromisedExplanation / Answer
9)
An audit is an independent examination of books of accounts. Auditor verifies the books of accounts independently and gives an unbiased opinion on the book of accounts and figures therein.
Hence, correct option is (d) Audit.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.