Blog

48.  Which of the following procedures is least likely to be performed before the balance sheet date?

50.  How would increases in tolerable misstatement and assessed level of control risk affect the sample size in a substantive test of details?

48.  Which of the following procedures is least likely to be performed before the balance sheet date?

31.  When planning a sample for a substantive test of details, an auditor should consider tolerable misstatement for the sample.  This consideration should:

26.  Kregl, CPA, has completed the field work for the current annual audit of Hewett Merchandising Corp.  Kregl obtained sufficient and appropriate audit evidence for all of Hewett’s account balances, transactions and disclosures except for Hewett’s beginning-of-year inventory balance.  Due to inadequate records Kregl could not verify Hewett’s beginning-of-year inventory balance.  Kregl’s opinion on Hewett’s current year financial statements most likely will be:

31.  When planning a sample for a substantive test of details, an auditor should consider tolerable misstatement for the sample.  This consideration should:

20.  The refusal of a client’s attorney to provide information requested in an inquiry letter generally is considered:

23.  The auditor did not receive replies to second confirmation requests for the existence of accounts receivable.  Which of the following alternative procedures would the auditor most likely perform to confirm the existence of accounts receivable?

26.  Kregl, CPA, has completed the field work for the current annual audit of Hewett Merchandising Corp.  Kregl obtained sufficient and appropriate audit evidence for all of Hewett’s account balances, transactions and disclosures except for Hewett’s beginning-of-year inventory balance.  Due to inadequate records Kregl could not verify Hewett’s beginning-of-year inventory balance.  Kregl’s opinion on Hewett’s current year financial statements most likely will be:

19.  The audit engagement partner on the audit of Gonzaga Enterprises issued an audit report that was dual dated for a subsequent event occurring after the completion of fieldwork but before the issuance of the auditor’s report.  The partner’s responsibility for events occurring after the completion of fieldwork was: