Test Bank For Auditing & Assurance
Services 9th Edition By Messier Glover
Prawitt Newest Edition 2026
1
,Table Of Contents
Part One: The Contemporary Auditing Environment
1. Auditing And Assurance Services
2. Professional Standards
Part Two: The Financial Statement Audit
3. Engagement Planning And Audit Evidence
4. The Audit Risk Model And Inherent Risk Assessment
5. Risk Assessment: Internal Control Evaluation
6. Employee Fraud And The Audit Of Cash
7. Revenue And Collection Cycle
8. Acquisition And Expenditure Cycle
9. The Production Cycle And Auditing Inventory
10. Finance And Investment Cycle
11. Completing The Audit
12. Reports On Audited Financial Statements
Part Three: Stand-Alone Modules
A. Other Public Accounting Services
B. Professional Ethics
C. Legal Liability
D. Internal Audits, Governmental Audits, And Fraud Examinations
E. Attributes Sampling
F. Variables Sampling
G. Data And Analytics In Auditing
H. Information Technology Auditing
I. The Audit Of Internal Control For Issuers
2
,chap 01 answers included
9e
1) the audit objective that all transactions and accounts that should be presented in the
financial statements are in fact included is related to which of the pcaob assertions?
A) existence
B) rights and obligations
C) completeness
D) valuation
2) cutoff tests designed to detect purchases made before the end of the year that
have been recorded in the subsequent year provide assurance about
management's assertion of
A) presentation and disclosure.
B) completeness.
C) rights and obligations.
D) existence.
3) during an audit of an entity's stockholders' equity accounts, the auditor determines
whether there are restrictions on retained earnings resulting from loans, agreements,
or state law. this audit procedure most likely is intended to verify management's
assertion of
A) existence or occurrence.
B) completeness.
C) valuation or allocation.
D) presentation and disclosure.
4) the confirmation of an account payable balance selected from the general ledger
provides primary evidence regarding which management assertion?
A) completeness
B) valuation
C) allocation
D) existence
3
, 5) what type of evidence would provide the highest level of assurance in an
attestation engagement?
A) evidence secured solely from within the entity.
B) evidence obtained from independent sources.
C) evidence obtained indirectly.
D) evidence obtained from multiple internal inquiries.
6) which of the following management assertions is an auditor most likely testing if
the audit objective states that all inventory on hand is reflected in the ending
inventory balance?
A) the entity has rights to the inventory.
B) inventory is properly valued.
C) inventory is properly presented in the financial statements.
D) inventory is complete.
7) an auditor traces the serial numbers on equipment to a nonissuer's subledger.
which of the following management assertions is supported by this test?
A) valuation and allocation
B) completeness
C) rights and obligations
D) presentation and disclosure
8) an auditor has substantial doubt about the entity's ability to continue as a going
concern for a reasonable period of time because of negative cash flows and working
capital deficiencies. under these circumstances, the auditor would be most concerned
about the
A) control environment factors that affect the organizational structure.
B) correlation of detection risk and inherent risk.
C) effectiveness of the entity's internal control activities.
D) possible effects on the entity's financial statements.
9) which of the following types of audit evidence provides theleast assurance of reliability?
A) receivable confirmations received from the client's customers.
B) prenumbered receiving reports completed by the client's employees.
C) prior months' bank statements obtained from the client.
D) municipal property tax bills prepared in the client's name.
4
Services 9th Edition By Messier Glover
Prawitt Newest Edition 2026
1
,Table Of Contents
Part One: The Contemporary Auditing Environment
1. Auditing And Assurance Services
2. Professional Standards
Part Two: The Financial Statement Audit
3. Engagement Planning And Audit Evidence
4. The Audit Risk Model And Inherent Risk Assessment
5. Risk Assessment: Internal Control Evaluation
6. Employee Fraud And The Audit Of Cash
7. Revenue And Collection Cycle
8. Acquisition And Expenditure Cycle
9. The Production Cycle And Auditing Inventory
10. Finance And Investment Cycle
11. Completing The Audit
12. Reports On Audited Financial Statements
Part Three: Stand-Alone Modules
A. Other Public Accounting Services
B. Professional Ethics
C. Legal Liability
D. Internal Audits, Governmental Audits, And Fraud Examinations
E. Attributes Sampling
F. Variables Sampling
G. Data And Analytics In Auditing
H. Information Technology Auditing
I. The Audit Of Internal Control For Issuers
2
,chap 01 answers included
9e
1) the audit objective that all transactions and accounts that should be presented in the
financial statements are in fact included is related to which of the pcaob assertions?
A) existence
B) rights and obligations
C) completeness
D) valuation
2) cutoff tests designed to detect purchases made before the end of the year that
have been recorded in the subsequent year provide assurance about
management's assertion of
A) presentation and disclosure.
B) completeness.
C) rights and obligations.
D) existence.
3) during an audit of an entity's stockholders' equity accounts, the auditor determines
whether there are restrictions on retained earnings resulting from loans, agreements,
or state law. this audit procedure most likely is intended to verify management's
assertion of
A) existence or occurrence.
B) completeness.
C) valuation or allocation.
D) presentation and disclosure.
4) the confirmation of an account payable balance selected from the general ledger
provides primary evidence regarding which management assertion?
A) completeness
B) valuation
C) allocation
D) existence
3
, 5) what type of evidence would provide the highest level of assurance in an
attestation engagement?
A) evidence secured solely from within the entity.
B) evidence obtained from independent sources.
C) evidence obtained indirectly.
D) evidence obtained from multiple internal inquiries.
6) which of the following management assertions is an auditor most likely testing if
the audit objective states that all inventory on hand is reflected in the ending
inventory balance?
A) the entity has rights to the inventory.
B) inventory is properly valued.
C) inventory is properly presented in the financial statements.
D) inventory is complete.
7) an auditor traces the serial numbers on equipment to a nonissuer's subledger.
which of the following management assertions is supported by this test?
A) valuation and allocation
B) completeness
C) rights and obligations
D) presentation and disclosure
8) an auditor has substantial doubt about the entity's ability to continue as a going
concern for a reasonable period of time because of negative cash flows and working
capital deficiencies. under these circumstances, the auditor would be most concerned
about the
A) control environment factors that affect the organizational structure.
B) correlation of detection risk and inherent risk.
C) effectiveness of the entity's internal control activities.
D) possible effects on the entity's financial statements.
9) which of the following types of audit evidence provides theleast assurance of reliability?
A) receivable confirmations received from the client's customers.
B) prenumbered receiving reports completed by the client's employees.
C) prior months' bank statements obtained from the client.
D) municipal property tax bills prepared in the client's name.
4
