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Auditing Theory Essay

2782 words - 12 pages

Chapter 1

Multiple-Choice Questions

|1. |Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial |
|easy |information for decision making is commonly called: |
|c |a. finance. |
| |b. auditing. |
| |c. accounting. ...view middle of the document...

|Any service that requires a CPA firm to issue a report about the reliability of an assertion that is made by another |
|easy |party is a(n): |
|b |a. accounting and bookkeeping service. |
| |b. attestation service. |
| |c. assurance service. |
| |d. tax service. |
| | |
|4. |Three common types of attestation services are: |
|easy |a. audits, reviews, and “other” attestation services. |
|a |b. audits, verifications, and “other” attestation services. |
| |c. reviews, verifications, and “other” attestation services. |
| |d. audits, reviews, and verifications. |
| | |
|5. (SOX) |The organization that is responsible for providing oversight for auditors of public companies is called the ________.|
|easy | |
|d |a. Auditing Standards Board. |
| |b. American Institute of Certified Public Accountants. |
| |c. Public Oversight Board. |
| |d. Public Company Accounting Oversight Board. |
| | |
|6. (SOX) |The Sarbanes-Oxley Act applies to which of the following companies? ...

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