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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 Questions1.Auditors may be independent in fact but not independent in appearance.True False2.Auditing Sta

Solution Manual and Test bank ch02 Profestional Standard (1)andards issued by the PCAOB are the sole source of guidance for audits of public entities.True False3.Attestation standards provide guidance for a wid

e variety of engagements different in scope than an audit.True False4.Generally accepted auditing standards must be followed on all audit engagements. Solution Manual and Test bank ch02 Profestional Standard (1)

True False5.The reporting principle relates to a firm's system of quality control criteria for conducting an audit.True False6.Auditors cannot effecti

Solution Manual and Test bank ch02 Profestional Standard (1)

vely satisfy the responsibilities principle requiring due care if they have not also satisfied the performance principle.True False7.Substantive proce

Chapter 02Professional StandardsTrue / False Questions1.Auditors may be independent in fact but not independent in appearance.True False2.Auditing Sta

Solution Manual and Test bank ch02 Profestional Standard (1)ng standards.True False9.The concept of due care reflects the need to plan and perform the audit with an appropriate level of professional skepticism.

True False10.Under the performance principle, auditors are required to provide absolute assurance that the client’s financial statements do not contai Solution Manual and Test bank ch02 Profestional Standard (1)

n material misstatements.True False11.The performance principle sets forth the quality criteria for conducting an audit.True False12.Auditors of publi

Solution Manual and Test bank ch02 Profestional Standard (1)

c entities registered with the Securities and Exchange Commission are required to register with the Public Company Accounting Oversight Board.True Fal

Chapter 02Professional StandardsTrue / False Questions1.Auditors may be independent in fact but not independent in appearance.True False2.Auditing Sta

Solution Manual and Test bank ch02 Profestional Standard (1)he auditors' substantive procedures.True False14.The word âppropriăteness refers to the number of transactions or components of an account balance exa

mined by auditors.True False15.To be considered material, an item must be one that would influence the decision of financial statement users.True Fals Solution Manual and Test bank ch02 Profestional Standard (1)

e16.The contents of the auditors' report are guided by the performance principle of GAAS.True False

Chapter 02Professional StandardsTrue / False Questions1.Auditors may be independent in fact but not independent in appearance.True False2.Auditing Sta

Chapter 02Professional StandardsTrue / False Questions1.Auditors may be independent in fact but not independent in appearance.True False2.Auditing Sta

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