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Chapter One chapter 1
1、 The review of a company’s financial statements by a CPA firm
A:Is substantially less in scope of procedures than an audit.
B:Requires detailed analysis of the major accounts
C:Is of similar scope as an audit and adds similar credibility to the statements.
D:Culminates in issuance of a report expressing the CPA’s opinion as to the fairness of the statements
答案: Is substantially less in scope of procedures than an audit.
2、 Which of the following types of services is generally provided only by CPA firms?
A:Tax audits
B:Financial statement audits
C:Compliance audits
D:Operational audits
答案: Financial statement audits
3、 Which of the following has primary responsibility for the fairness of the representations made in the financial statements？
A:client’s management
B:Independent auditor
C:Audit committee
D:AICPA
答案: client’s management
4、 which of the following is an example of a compliance audit?
A:An audit of financial statements
B:An audit of a company’s policies and procedures for adhering to environmental laws and regulations
C:An audit of a company’s internal control over financial reporting.
D:An audit of the efficiency and effectiveness of a company’s legal department.
答案: An audit of a company’s policies and procedures for adhering to environmental laws and regulations
5、 Which of the following audit can be implemented by internal auditor?
A:financial statement audit
B:compliance audit
C:operational audit
D:integrated audit
答案: financial statement audit;
compliance audit;
operational audit
6、 operational audit includes audits of efficiency, effectiveness, and adequacy.
A:正确
B:错误
答案: 错误
7、 integrated audit refers that the auditor implement the audit of financial statement and internal control together.
A:正确
B:错误
答案: 错误
8、 attestation services include examination, review and agree-upon procedures.
A:正确
B:错误
答案: 正确
9、 Review refers that an engagement designed to express ( ) assurance relating to subject matter or an assertion.
答案: limited
10、 The professional staff of a typical national public accounting firm includes partners,senior auditors,( )and staff auditors.
答案: managers
Chapter 2 Professional Standards chapter 2
1、 Financial statement audits performed under PCAOB requirements are designed to provide which types of assurance with respect to the detection of material misstaements due to errors or fraud?
A:reasonable and absolute
B:reasonable
C:absolute
D:not reasonable nor absolute
答案: reasonable
2、 A basic objective of a CPA firm is to provide professional services that conform with professional standards. Reasonable assurance of achieving this basic objective is provided through:
A:compliance with generally accepted reporting standards
B:a system of quality control
C:a system of peer review
D:continuing professional education
答案: a system of quality control
3、 which of the following is not explicitly included in a standard report for a nonpublic company?
A:The CPA’s opinion that the financial statements comply with generally accepted accounting principles.
B:That generally accepted auditing standards were followed during the audit.
C:That internal control of the client was satisfactory.
D:An identification of the financial statements audited.
答案: That internal control of the client was satisfactory.
4、 which of the following is not included in an integrated audit report on the financial statements of a public company?
A:The report states that the audit was performed in accordance with AICPA standards
B:The report indicates that the financial statements are the responsibility of management.
C:The report indicates that the auditors have also audited the effectiveness of the company’s internal control.
D:The report is singed in the name of the CPA firm.
答案: The report states that the audit was performed in accordance with AICPA standards
5、 which is the the responsibility of auditor?
A:obtaining reasonable assurance about whether the financial statements as a whole are free from material misstatements.
B:preparing the financial statements.
C:designing the internal control.
D:detecting the fraud.
答案: obtaining reasonable assurance about whether the financial statements as a whole are free from material misstatements.
6、 The elements of quality control include?
A:relevant ethical requirements
B:acceptance and continuance of client relationships
C:human resources
D:monitoring
答案: relevant ethical requirements;
acceptance and continuance of client relationships;
human resources;
monitoring
7、 Key audit matters are those matters, in auditors’ judgments, are of most significance in audit of financial statements.
A:正确
B:错误
答案: 正确
8、 AICPA issues standards applicable only to nonpublic accounting and auditing engagements.
A:正确
B:错误
答案: 正确
9、 The unqualified audit report should begin with “CPA’s Report” at the top.
A:正确
B:错误
答案: 错误
10、 The audit report indicates that management is responsible for the ( ) of the financial statements.
答案: (以下答案任选其一都对)preparation;
preparing
chapter 3 Professional Ethics chapter 3
1、 ABC Company is audited by the Phoenix office of Willingham CPAs. Which of the following individuals would be least likely to be considered a “covered member” by the independence standard?
A:Staff assistant on the audit
B:An audit partner in the Eloi office
C:A tax partner in Phoenix who performs no attest services for ABC Company or for any other clients.
D:The partner in charge of Willingham CPAs (she does no work on the ABC Company Audit)
答案: An audit partner in the Eloi office
2、 Auditors are periodically punished for holding an investment in a client. This violates which ethical rule?
A:Integrity
B:Independence
C:Non compliance with GAAP
D:Confidentiality
答案: Independence
3、 Which of the following is not a broad category of threat to auditor independence?
A:Familiarity
B:Safeguards implemented by the client
C:Financial self interest
D:Undue Influence
答案: Safeguards implemented by the client
4、 A small CPA firm provides audit services to a large local company. Almost eighty percent of the CPA firm’s revenues come from this client. Which statement is most likely to be true?
A:Appearance of independence may be lacking
B:The small CPA firm does not have the proficiency to perform a larger audit
C:The situation is satisfactory if the auditor exercises due skeptical negative assurance care in the audit
D:The auditor should provide an “emphasis of a matter paragraph” to his/her audit report adequately disclosing this information and then it may issue an unqualified opinion.
答案: Appearance of independence may be lacking
5、 Which of the following forms of advertising would most likely be considered not a violation of the Professional Code?
A:Advertising including the types of services offered and the standard fees for the services.
B:Advertising including the experience of the firm’s professional staff.
C:Advertising including an indication that the firm has a close relationship with several tax court judges.
D:Advertising including the percentage of the firm’s staff that have CPA certificates.
答案: Advertising including the types of services offered and the standard fees for the services.;
Advertising including the experience of the firm’s professional staff.;
Advertising including the percentage of the firm’s staff that have CPA certificates.
6、 Which of the following acts by a CPA would most likely be considered not a violation of the AICPA Code of Professional Conduct?
A:Assisting a client in preparing a financial forecast
B:Forming a professional corporation to practice as a CPA
C:Accepting a fee in a tax matter relating to an administrative proceeding
D:A “covered member” owns an immaterial amount of stock in an audit client.
答案: Assisting a client in preparing a financial forecast;
Forming a professional corporation to practice as a CPA;
Accepting a fee in a tax matter relating to an administrative proceeding
7、 A CPA may receive a commission for recommending a particular computer system to an audit client.
A:正确
B:错误
答案: 错误
8、 An immaterial loan from the CPA to an officer of a client impairs the independence of the CPA.
A:正确
B:错误
答案: 正确
9、 If the independence of individual CPA is impaird, the CPA firm’s independence will also be impaired.
A:正确
B:错误
答案: 错误
10、 The CPA should keep the secrets of client. we call that in Professional Code is ( ).
答案: confidentiality
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