AA試験無料問題集（80題）「CPA Audit & Insurance 認定」

出題：1

David Copper is performing the audit of financial statement of Igma Co and is in doubt about some of the transactions.
If David believes an illegal act may have occurred, which of the following will be the LEAST necessary action?

A. Consult with Igma Co's legal counsel.

B. File a case against the client as soon as possible.

C. Consider accumulating additional evidence to determine if there is actually an illegal act.

D. Inquire of management of Igma Co, at a level above those likely to be involved with the illegality.

正解：B 解答を投票する

出題：2

A significant employee fraud took place shortly after an internal audit. The internal auditor
may not have properly fulfilled the responsibility for the deterrence of fraud by failing to note and report that

A. Policies, practices, and procedures to monitor activities and safeguard assets were less extensive in low-risk areas than in high-risk areas.

B. Divisional employees had not been properly trained to distinguish between bona fide signatures and cleverly forged ones on authorisation forms.

C. There were no written policies describing prohibited activities and the action required whenever violations are discovered.

D. A system of control that depended on separation of duties could be circumvented by collusion among three employees.

正解：C 解答を投票する

出題：3

The auditor shall maintain an attitude of professional scepticism throughout the audit, recognising the possibility that a material misstatement due to fraud could exist, notwithstanding the auditor's past experience of the honesty and integrity of management and those charged with governance.
Which of the following best describes professional scepticism?

A. The auditor should not believe anything that management tells him, without obtaining supporting evidence.

B. The auditor should apply a questioning mind to the information and evidence he obtains.

C. The auditor should always assume the worst outcome in cases of uncertainty.

D. The auditor should not believe anything that management tells him.

正解：B 解答を投票する

出題：4

ISA 570 states that when preparing accounts, management should make an explicit assessment of the entity's ability to continue as a going concern. Most accounting frameworks require management to do so.
When management are making the assessment, the following factors should be considered except

A. The auditor shall inquire of management as to its knowledge of events or conditions and related business risks beyond the period of assessment used by management that may cast significant doubt on the entity's ability to continue as a going concern.

B. Judgements are made on the basis of the information available at the time.

C. Lack of staff to ensure segregation of duties.

D. The degree of uncertainty about the events or conditions being assessed increases significantly the further into the future the assessment is made.

正解：A 解答を投票する

出題：5

Smith and Co is considering preliminary audit strategy for Well Ltd. Well Ltd is an established company with well-documented systems and controls. It has an internal audit function whose principal activity is to monitor the implementation and effectiveness of existing controls.
Which of the following statements would be correct about the reliability of audit evidence of Well Ltd?

A. Limited internal control system of Well Ltd can provide reliable audit evidence

B. To be reliable, evidence of Well Ltd should be conclusive rather than persuasive

C. Effective internal control system of different systems of Well Ltd can provide reliable audit evidence

D. Evidence obtained from outside sources routed through Well Ltd will be more reliable

正解：C 解答を投票する

出題：6

Michael Gove audited the financial statement of Barays Co in the year 2010-11. Recently Barays Co have brought some changes in their reporting system. While auditing, Michael Gove evaluates the effect of a change in accounting principles of Barays Co.
What will be the basis of evaluating the materiality of the change?

A. Whatever basis Michael Gove considers appropriate.

B. Check the current year effect of the change.

C. The effect of the change on total assets.

D. Compare the change with the prior years presented.

正解：B 解答を投票する

出題：7

Public Company Accounting Oversight Board member Jeanette Franzel told a group of accounting educators that lack of professional scepticism is one of the main reasons for the prevalence of audit deficiencies found in the PCAOB's inspections of the work of auditing firms.
Which of the following statements is correct in accordance with Public Company Accounting Oversight Board?

A. Professional behaviour is an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence.

B. Professionalism is an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence.

C. Professional scepticism is an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence.

D. Professional judgment is an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence.

正解：C 解答を投票する

出題：8

An audit had been scheduled to address unusual inventory shortages revealed in the annual physical inventory process at a large consumer goods warehouse operation. A cycle count programme had been installed in the storeroom at the beginning of the year in place of the disruptive process of counting one entire product line at the end of each month. The cycle count programme appeared effective based on the fact that only nine minor adjustments had been made for the entire year on the several thousand different products located in the storeroom. The storeroom supervisor explained that each of the fifteen stockroom personnel selected one item each day for cycle count based on how efficiently the item could be counted.
The opportunity for control-related problems including fraud has been increased in the stockroom because

A. Only nine minor adjustments have been recorded as a result of the cycle count process.

B. Stockroom personnel selects items for cycle count.

C. A cycle count programme has been installed in place of a less efficient programme.

D. Stockroom personnel records cycle count information.

正解：B 解答を投票する

AA試験無料問題集「CPA Audit & Insurance 認定」