اسئلة CPA
QUESTION 1 
The fourth standard of reporting requires the auditor to either express an opinion regarding the financial statements taken as a whole or state that an opinion cannot be expressed. The objective of the fourth standard is to prevent:
a.  An auditor from expressing different opinions on each of the basic financial statements.
b. Restrictions on the scope of the audit, whether imposed by the client or by the inability to obtain evidence.
c. Misinterpretations regarding the degree of responsibility the auditor is assuming.
d. An auditor from reporting on one basic financial statement and not the others.
QUESTION 2
The third general standard states that the auditor must exercise due care in the performance of an audit. This standard is ordinarily interpreted to require ; 
a. Thorough review of the existing safeguards over access to assets and records.
b. Limited review of the indications of employee fraud and illegal acts.
c. Objective review of the adequacy of the technical training and proficiency of firm personnel.
d. Critical review of the judgment exercised at every level of supervision.
QUESTION 3
Which financial statement assertion is violated when an expense occurring in one year is not recorded until the following year?
Accuracy.  A 
Classification.B 
Completeness.C 
Occurrence. D 
QUESTION 4
Which of the following standards does not relate to planning ?
a. Due professional care: The auditor should exercise due professional care in planning the audit.
b. Entity, environment, and internal control: An understanding of the entity and its environment, including its internal control, must be obtained to plan the audit.
C . Planning and supervision: The auditor must adequately plan the work and properly supervise assistants.
d. Consistency: The auditor must identify circumstances in which the planning of the audit has not been performed in a manner consistent with that of the prior year.
QUESTION 5
In assessing the competence and objectivity of an entity's internal auditor, an independent auditor would least likely consider information obtained from; 
Discussions with management personnel..e 
External quality reviews of the internal auditor's work.. f
Previous experience with the internal auditor..g
 The results of analytical procedures.h
QUESTION 6
Analytical procedures used in planning an audit should focus on:
A . Reducing the scope of tests of controls and substantive tests. 
b. Providing assurance that potential material misstatements will be identified.
C. Enhancing the auditor's understanding of the client's business.
 d. Assessing the adequacy of the available audit evidence.. 
QUESTION7  
 Which of the following statements is generally correct about audit evidence?
a. The more effective the internal control structure, the more assurance it provides about the reliability of the accounting data and financial statements..
b. Appropriateness of audit evidence refers to the amount of corroborative evidence obtained..
c. Information obtained indirectly from independent outside sources is more persuasive than the auditor's direct personal knowledge obtained through observation and inspection.
d. Appropriateness of audit evidence refers to audit evidence obtained from outside the entity.
QUESTION 8
Which of the following statements is correct concerning the use of negative confirmation requests?
e. Unreturned negative confirmation requests rarely provide significant explicit evidence.
f. Negative confirmation requests are desirable when a low level of detection risk is required.
g. Unreturned negative confirmation requests indicate that alternative procedures are necessary.
h. Negative confirmation requests are effective when understatements of account balances are suspected.
QUESTION 9
j. In establishing the existence and ownership of a long-term investment in the form of publicly traded stock, an. 
k. auditor should inspect the securities or; 
l. Correspond with the investee company to verify the number of shares owned.
m. Inspect the audited financial statements of the investee company.
n. Confirm the number of shares owned that are held by an independent custodian.
O. Determine that the investment is carried at the lower of cost or market.
QUESTION 10 
Confirmation is most likely to be a relevant form of evidence with regard to assertions about accounts receivable when the auditor has concerns about the receivables;
Valuation. p
Classification. q 
Existence. r
Completeness. S
QUESTION 11
Which of the following controls most likely would assure that all billed sales are correctly posted to the accounts receivable ledger?
t. Daily sales summaries are compared to daily postings to the accounts receivable leclger.
u. Each sales invoice is supported by a prenumbered shipping document.
v. The accounts receivable ledger is reconciled daily to the control account in the general ledger.
w.Each shipment on credit is supported by a prenumbered sales invoice.
QUESTION 12 
Alpha company uses its sales invoices for posting perpetual inventory records. Inadequate controls over the invoicing function allow goods to be shipped that are not invoiced. The inadequate controls could cause an:
x. Understatement of revenues and receivables and, inventory  .
y. Overstatement of revenues and receivables, and an understatement of inventory.
z. Understatement of revenues and receivables, and an
overstatement of inventory..
aa. Overstatement of revenues and receivables, and inventory.
QUESTION 13
In auditing the payroll function of a client, an auditor would least likely:
bb. 1. Request specific management representations related to payroll.
CC. 2Verify proper segregation of duties.  
dd. 3. Recalculate year-end payroll accruals.
ee.4.  Apply analytical procedures