Auditing and Assurance Services

The objective of an audit of the financial statements is an expression of an opinion on:

If the auditor believes that the financial statements are not fairly stated or is unable to reach a conclusion because of insufficient evidence,the auditor:

Auditors accumulate evidence to:

The responsibility for adopting sound accounting policies and maintaining adequate internal control rests with the:

If management insists on financial statement disclosures that the auditor finds unacceptable,the auditor can withdraw from the engagement or:

In certifying their annual financial statements,the CEO and CFO of a public company certify that the financial statements comply with the requirements of:

Which of the following statements is true of a public company's financial statements?

The responsibility for the preparation of the financial statements and the accompanying footnotes belongs to:

Because they operate the business on a daily basis,a company's management knows more about the company's transactions and related assets,liabilities,and equity than the auditors.

The annual reports of many public companies include a statement about management's responsibilities and relationship with the CPA firm.

The auditors determine which disclosures must be presented in the financial statements.

The auditor's best defense when material misstatements are not uncovered is to have conducted the audit:

An audit must be performed with an attitude of professional skepticism.Professional skepticism consists of two primary components: a questioning mind and:

Which of the following is not one of the reasons that auditors provide only reasonable assurance on the financial statements?

Which of the following statements is the most correct regarding errors and fraud?

When an auditor believes that an illegal act may have occurred,the auditor should first:

The auditor has no responsibility to plan and perform the audit to obtain reasonable assurance that misstatements,whether caused by errors or fraud,that are not ________ are detected.

Fraudulent financial reporting is most likely to be committed by whom?

Which of the following would most likely be deemed a direct-effect illegal act?

The concept of reasonable assurance indicates that the auditor is: