Auditing A Practical Approach with Data Analytics, 2nd Edition is written by Raymond N. Johnson; Laura Davis Wiley Complete Test Bank.

TEST BANK for Auditing: A Practical Approach with
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Data Analytics 2nd Edition by Laura Davis Wiley, R
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aymond N. Johnson and Robyn Moroney ISBN-.
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All Chapters 1-16 (Complete Download).
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, Table of Contents g g




Chapter 1: Introduction and Overview of Audit and Assurance Chapt
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er 2: Professionalism and Professional Responsibilities Chapter 3: Ri
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sk Assessment Part I: Audit Risk and Audit Strategy Chapter 4: Risk As
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sessment Part II: Understanding the Client Chapter 5: Audit Evidenc
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e

Chapter 6: Gaining an Understanding of the Client's System of Internal Cont
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rol

Chapter 7: Audit Data Analytics
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Chapter 8: Risk Response: Performing Tests of Controls Chapter
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9: Risk Response: Performing Substantive Procedures
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Chapter 10: Risk Response: Evaluating Audit Data Analytics and Audit Sampl
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ing

Chapter 11: Auditing the Revenue Process
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Chapter 12: Auditing the Purchasing and Payroll Processes
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,Chapterg1




Introduction and Overview of Audit ag g g g g




nd Assurance
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QuestiongType:gTruegorgFalse




1. GAAPgandgIFRSgaregexamplesgofgapplicablegfinancialgreportinggframework.

A. True

B. False

Answer:gA,gTaxonomy:gKnowledge,gDifficulty:gEasy,gAICPAgFC:gReporting,gAACSB:gCommuni

cation,gLearninggObjective:gLO1.1,gSolution:gThegapplicablegfinancialgreportinggframeworkgrefer

sgtogthegsetgofgstandardsgusedgingpreparinggtheghistoricalgfinancialgstatements,gsuchgasgGAAP,gI

FRSgorgagFederalgIncomegTaxgBasisgofgAccounting.




2. Reviewgofgfinancialgforecastsgfallsgundergattestationgservices.

A. True

B. False

Answer:gA,gTaxonomy:gKnowledge,gDifficulty:gEasy,gAICPAgFC:gMeasurementgAnalysisgand



4

, Interpretation,gAACSB:gEthics,gLearninggObjective:gLO1.1,gSolution:gAttestationgservicesg(und

ergthegumbrellagofgassurancegservices)gincludegreviewgofghistoricalgfinancialgstatements,grevie

wgofgfinancialgforecasts,gandgexaminationgofginternalgcontrol.




3. WithingagU.S.gcontext,gthegapplicablegfinancialgreportinggframeworkgisgtypicallygGenerally

g AcceptedgAccountinggPrinciplesg(GAAP).

A. True

B. False

Answer:gA,gTaxonomy:gKnowledge,gDifficulty:gEasy,gAICPAgFC:gMeasurementgAnalysisgandgInterpr

etation,gAACSB:gEthics,gLearninggObjective:gLO1.2,gSolution:gWithingagU.S.gcontext,gthegapplicablegf

inancialgreportinggframeworkgisgtypicallyggenerallygacceptedgaccountinggprinciplesg(GAAP).



4. Privategcompanies,gorgnon-

issuers,garegnotgrequiredgbygthegU.S.ggovernmentgtoghavegangannualgfinancialgstatemen

tgaudit

A. True

B. False

Answer:gA,gTaxonomy:gKnowledge,gDifficulty:gEasy,gAICPAgFC:gReporting,gAACSB:gAnalytic,gLear

ninggObjective:gLO1.2,gSolution:gPrivategcompanies,gorgnon-issuers,garegnotgrequiredgbygthe

U.S.ggovernmentgtoghavegangannualgfinancialgstatementgaudit,gbutgoftengotherginterestedgusers,g

suchgasgagbankgorglender,gmaygrequestgthatgagprivategcompanygprovidegauditedgfinancialgstate

ments.




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