CPA Study guides, Class notes & Summaries

Auditing & Assurance Services, 7e (Louwers) Chapter 1 Auditing and Assurance Services 1) The audit objective that all transactions and accounts that should be presented in the financial statements are in fact included is related to which of the PCAOB assertions? A) Existence. B) Rights and obligations. C) Completeness. D) Valuation. Answer: C Difficulty: 1 Easy Topic: Management's Financial Statement Assertions Learning Objective: 01-03 Describe and define the assertions that managemen...

Chapter 03 Audit Planning, Types of Audit Tests, and Materiality True / False Questions 1. The first phase of audit planning is risk assessment. True False 2. When the prospective client has previously been audited, auditing standards require that the successor auditor make certain inquiries of the predecessor auditor before accepting the engagement. True False 3. The Code of Professional Conduct does not allow an auditor to disclose confidential client information without the client's con...

STATS CPAC

Hills reaction CPAC A*

Chapter 1—Financial Reporting MULTIPLE CHOICE 1. The following is NOT a major component of the financial statements: a. auditor’s opinion b. annual report c. explanatory notes d. balance sheet ANS: B PTS: 1 TOP: AICPA FN-Reporting DIF: Easy OBJ: LO 1 MSC: AACSB Reflective Thinking 2. The following are users of accounting information: a. stakeholders b. creditors c. investors d. all of the above ANS: D PTS: 1 TOP: AICPA FN-Reporting 3. Interested parties receive information ab...

Random sampling CPAC

Respiratometer CPAC

Mineral deficiency A* CPAC

Microscopy CPAC

Antimicrobial CPAC