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Solution manual and test bank ch02 profestional standard (1)

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Nội dung chi tiết: Solution manual and test bank ch02 profestional standard (1)

Solution manual and test bank ch02 profestional standard (1)

Chapter 02Professional StandardsTrue / False Questions1Auditors may be independent in fact but not independent in appearance.True False2Auditing Stand

Solution manual and test bank ch02 profestional standard (1)dards issued by the PCAOB are the sole source of guidance for audits of public entities.True False3Attestation standards provide guidance for a wide v

ariety of engagements different in scope than an audit.True False4Generally accepted auditing standards must be followed on all audit engagements.True Solution manual and test bank ch02 profestional standard (1)

False5The reporting principle relates to a firm's system of quality control criteria for conducting an audit.True False6Auditors cannot effectively s

Solution manual and test bank ch02 profestional standard (1)

atisfy the responsibilities principle requiring due care if they have not also satisfied the performance principle.True False7Substantive procedures p

Chapter 02Professional StandardsTrue / False Questions1Auditors may be independent in fact but not independent in appearance.True False2Auditing Stand

Solution manual and test bank ch02 profestional standard (1)ards.True False9The concept of due care reflects the need to plan and perform the audit with an appropriate level of professional skepticism.True Fals

e10Under the performance principle, auditors are required to provide absolute assurance that the client’s financial statements do not contain material Solution manual and test bank ch02 profestional standard (1)

misstatements.True False11The performance principle sets forth the quality criteria for conducting an audit.True False12Auditors of public entities r

Solution manual and test bank ch02 profestional standard (1)

egistered with the Securities and Exchange Commission are required to register with the Public Company Accounting Oversight Board.True False13Control

Chapter 02Professional StandardsTrue / False Questions1Auditors may be independent in fact but not independent in appearance.True False2Auditing Stand

Solution manual and test bank ch02 profestional standard (1)substantive procedures.True False14The word âppropriăteness refers to the number of transactions or components of an account balance examined by audit

ors.True False15To be considered material, an item must be one that would influence the decision of financial statement users.True False16The contents Solution manual and test bank ch02 profestional standard (1)

of the auditors' report are guided by the performance principle of GAAS.True False

Chapter 02Professional StandardsTrue / False Questions1Auditors may be independent in fact but not independent in appearance.True False2Auditing Stand

Chapter 02Professional StandardsTrue / False Questions1Auditors may be independent in fact but not independent in appearance.True False2Auditing Stand

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