ACCT 444 help A Guide to career/Snaptutorial ACCT 444 help A Guide to career/Snaptutorial | Page 7

4. (TCO 4) The objective of the ordinary audit of financial statements
is the expression of an opinion on
5. (TCO 4) The auditor's best defense when material misstatements
are not uncovered is to have conducted the audit
6. (TCO 3) Which of the following is not one of the reasons that
auditors provide only reasonable assurance on the financial
statements?
7. (TCO 3) In the fraud triangle, fraudulent financial reporting and
misappropriation of assets
8. (TCO 3) After fraud risks are identified and documented, the
auditor should evaluate factors that _____ fraud risk, before
developing an appropriate response to the risk of fraud.
9. (TCO 3) Which of the following statements describes
circumstances that underlie employee incentives to misappropriate
assets?
1. (TCO 4) If a CPA firm is being sued for common law fraud by a
third party based on materially false financial statements, which of the
following is the best defense the accountants could assert?
2. (TCO 4) "Absence of reasonable care that can be expected of a
person is a set of circumstances" defines
3. (TCO 4) A third-party beneficiary is one that
4. (TCO 4) In the auditing environment, failure to meet auditing
standards is often
5. (TCO 4) The responsibility for adopting sound accounting policies
and maintaining adequate internal control rests with the
6. (TCO 3) The element that distinguishes an error from fraud is
7. (TCO 3) Which of the following is not one of the factors of the
fraud triangle?
8. (TCO 3) After fraud risks are identified and documented, the
auditor should evaluate factors that _____ fraud risk, before
developing an appropriate response to the risk of fraud.
9. (TCO 3) Which of the following statements describes
circumstances that underlie employee incentives to misappropriate
assets?
10. (TCO 3) Which of the following characteristics is most likely to
heighten an auditor's concern about the risk of material misstatements,
due to fraud in an entity's