Risk and Procedures for Control Paper 29

1

A successor auditor should request the new client to authorize the predecessor auditor to allow a review of the predecessor’s Engagement letter . . . Working papers






2

Which of the following procedures would an auditor most likely perform in planning a financial statement audit?






3

Analytical procedures used during risk assessment in an audit should focus on






4

A primary purpose of performing analytical procedures as risk assessment procedures is to identify the existence of






5

Which of the following nonfinancial information would an auditor most likely consider in performing analytical procedures during risk assessment?






6

The in-charge auditor most likely would have a supervisory responsibility to explain to the staff assistants






7

The audit work performed by each assistant should be reviewed to determine whether it was adequately performed and to evaluate whether the






8

While assessing the risks of material misstatement auditors identify risks, relate risk to what could go wrong, consider the magnitude of risks and






9

Which of the following is least likely to be considered a risk assessment procedure?






10

In an audit of a nonissuer (nonpublic) company, the auditors identify significant risks. These risks often






Result

Total Questions:
Correct Answers:
Wrong Answers:
Percentage: