ACC 599 FINAL EXAM
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Question 1
The first general standard of the PCAOB
requires that an audit be performed by which type of person?
Answer
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An auditor with
seasoned judgment in varying degrees of supervision and review.
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An auditor with
appropriate technical training and proficiency.
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An auditor with
adequate knowledge of the standards of field work and reporting.
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An auditor
satisfying the independence standards
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Question 2
Which assertion addresses whether all
transactions and accounts that should be included in the financial statements
are included?
Answer
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Existence.
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Valuation.
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Completeness.
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Rights and
Obligations
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Question 3
Which one of the following attributes is not
required of an auditor?
Answer
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Independence.
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Bias.
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Integrity.
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Technical competence
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rest of the questions are attached.
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