AUD 5.2

A report on an issuer's integrated audit must include each of the following statements, except: A. The audit was conducted in accordance with AICPA standards. B. The auditor believes the audit provides a reasonable basis for the issued opinion. C. Management is responsible for maintaining effective internal control. D. The audit includes obtaining an understanding of internal control over financial reporting.

Choice "A" is correct. A report on an issuer's integrated audit must include the statement that the audit was conducted in accordance of the standards of the Public Company Accounting Oversight Board (not AICPA standards). Choice "B" is incorrect. A report on an issuer's integrated audit must include the statement that the auditor believes the audit provides a reasonable basis for the issued opinion. Choice "C" is incorrect. A report on an issuer's integrated audit must include the statement that management is responsible for maintaining effective internal control. Choice "D" is incorrect. A report on an issuer's integrated audit must include the statement that the audit includes obtaining an understanding of internal control over financial reporting. 猜的, AICPA 是一个协会

Which of the following best describes the responsibility of the auditor to report significant deficiencies and material weaknesses in an engagement to audit the effectiveness of a nonissuer's internal control? A. The auditor must communicate both significant deficiencies and material weaknesses. B. The auditor must communicate material weaknesses, but need not disclose significant deficiencies. C. The auditor must communicate significant deficiencies, but need not separately identify material weaknesses. D. Neither significant deficiencies nor material weaknesses are required to be communicated.

Choice "A" is correct. In an engagement to audit the effectiveness of an entity's internal control, the auditor must communicate both significant deficiencies and material weaknesses to management and those charged with governance. Choice "B" is incorrect. The auditor is required to communicate significant deficiencies. Choices "C" and "D" are incorrect. Both significant deficiencies and material weaknesses are required to be communicated to management and those charged with governance. 猜的

In an integrated audit of a nonissuer, an auditor should issue an adverse opinion on the effectiveness of an entity's internal control in which of the following situations? A. The financial statements are misstated. B. A material weakness exists. C. The entity may not continue as a going concern. D. The auditor was asked by the client to provide the report to another practitioner.

Choice "B" is correct. An auditor should issue an adverse opinion on the effectiveness of internal control when a material weakness exists. Choice "A" is incorrect. An auditor should issue a qualified or adverse opinion on the financial statements when the financial statements are misstated. Choice "C" is incorrect. Going concern affects the auditor's report on the financial statements, not the auditor's report on the effectiveness of an entity's internal control. Choice "D" is incorrect. The client's request to provide the report to another practitioner would not affect an auditor's opinion. 理解 A 是啥意思?

Which of the following best describes the responsibility of the auditor with respect to significant deficiencies and material weaknesses in an audit of an issuer? Must be Communicated to Management and the Audit Committee: Both significant deficiencies and material weaknesses Results in an Adverse Opinion of the Effectiveness of Internal Control: Material weaknesses but not significant deficiencies

Choice "B" is correct. In an audit of an issuer, the auditor is required to communicate both significant deficiencies and material weaknesses to management and the audit committee, but only material weaknesses result in an adverse opinion on the effectiveness of internal control. Choice "A" is incorrect. In an audit of an issuer, significant deficiencies (that do not rise to the level of being material weaknesses) do not result in an adverse opinion on the effectiveness of internal control. Choice "C" is incorrect. In an audit of an issuer, both significant deficiencies and material weaknesses must be communicated, in writing, to management and the audit committee. In addition, significant deficiencies (that do not rise to the level of being material weaknesses) do not result in an adverse opinion on the effectiveness of internal control. Choice "D" is incorrect. In an audit of an issuer, the auditor is required to communicate both significant deficiencies and material weaknesses to management and the audit committee. 猜的, 基于 Ch 4 学到的

Which of the following best describes an auditor's responsibility with respect to communicating internal control deficiencies of issuers? A. The auditor is required to communicate all deficiencies in internal control to management, deficiencies that constitute a significant deficiency to the audit committee, and deficiencies that constitute a material weakness to the full board of directors. B. The auditor is required to communicate all deficiencies in internal control to management, and deficiencies that constitute a significant deficiency or a material weakness to management and the audit committee. C. The auditor is not required to communicate control deficiencies to management or the audit committee unless they constitute a significant deficiency or a material weakness. D. The auditor is not required to communicate control deficiencies or significant deficiencies to management or the audit committee, but must communicate material weaknesses to both management and the audit committee.

Choice "B" is correct. The auditor is required to communicate all deficiencies in internal control to management, and deficiencies that constitute a significant deficiency or a material weakness to management and the audit committee. Choice "A" is incorrect. There is no requirement that material weaknesses be communicated to the full board of directors. Choice "C" is incorrect. The auditor is required to communicate all deficiencies in internal control to management. Choice "D" is incorrect. The auditor is also required to communicate significant deficiencies to management and the audit committee. 整理 所有

An auditor has been hired to report on a nonissuer's internal control over financial reporting. Which of the following best describes a reporting option in this scenario? A. If management fails to provide a written representation letter acknowledging its responsibility for the effectiveness of internal control, the auditor will generally issue an unmodified opinion with additional explanatory language. B. When a material weakness exists, the auditor should issue an adverse opinion. C. When a significant deficiency exists, the auditor may issue either a qualified or adverse opinion. D. If management fails to provide a written representation letter acknowledging its responsibility for the effectiveness of internal control, the auditor may issue either a qualified opinion or an adverse opinion.

Choice "B" is correct. When a material weakness exists, the auditor should issue an adverse opinion. Choices "A" and "D" are incorrect. Failure of management to provide a written representation letter acknowledging its responsibility for the effectiveness of internal control generally will result in a disclaimer of opinion or withdrawal from the engagement. Choice "C" is incorrect. While the auditor is required to communicate significant deficiencies to management and those charged with governance, the opinion on internal control need not be modified unless a material weakness is noted. 我不确定 B 和 D, 最后 选错了

Management of Eva Industries, an issuer as defined under the Sarbanes-Oxley Act, believes it has eliminated a material weakness previously noted in its assessment of internal control, and has hired Henna and Company, CPAs, to attest to the improvements in internal control. Which of the following is true of this engagement? A. It is required by PCAOB standards. B. It is only required if Eva Industries elects to have an audit in accordance with PCAOB standards. C. Eva's management must provide a written report to accompany Henna and Company's report. D. It is required by generally accepted auditing standards.

Choice "C" is correct. Eva's management must provide a written report to accompany Henna and Company's report. Choices "A" and "D" are incorrect. An engagement to report on whether a previously reported internal control weakness continues to exist is a voluntary engagement, not required by professional standards. Choice "B" is incorrect. An engagement to report on whether a previously reported internal control weakness continues to exist is a voluntary engagement, not required by professional standards. In addition, as an issuer, Eva must have an audit in accordance with PCAOB standards. 猜的, 因为 最长+ 没有 only

The auditor is required to communicate each of the following items to those charged with governance, except: A. An overview of the planned scope and timing of the audit. B. The auditor's responsibilities to complete the audit in accordance with generally accepted auditing standards. C. All control deficiencies detected during the course of the audit. D. Any significant findings from the audit.

Choice "C" is correct. The auditor is not required to communicate all control deficiencies to those charged in governance. However, control deficiencies that are determined tobe significant deficiencies and material weaknesses are required to be communicated to those charged with governance. Choice "A" is incorrect. An auditor is required to communicate an overview of the planned scope and timing of the audit. Choice "B" is incorrect. An auditor is required to communicate the auditor's responsibilities to complete the audit in accordance with generally accepted auditing standards. Choice "D" is incorrect. An auditor is required to communicate any significant findings from the audit. 猜的

In an integrated audit of a nonissuer, if an auditor concludes that a material weakness exists as of the date specified in management's assessment, the auditor should take which of the following actions? A. Obtain written representations from management relating to such matters. B. Communicate, in writing, to the entity's outside legal counsel that the material weakness exists. C. Issue an adverse opinion. D. Disclaim an opinion.

Choice "C" is correct. The presence of a material weakness in internal control results in an adverse opinion. Choice "A" is incorrect. Management is not required to include a written representation confirming the auditor's conclusion that a material weakness exists. However, management will include a written representation that management disclosed all significant deficiencies and material weaknesses to the auditor. Choice "B" is incorrect. An auditor should communicate, in writing, to management and to those charged with governance that the material weakness exists. There is no requirement that the auditor communicate a material weakness in writing to the entity's outside legal counsel. Choice "D" is incorrect. A material weakness results in an adverse opinion. A scope limitation results in a disclaimer of opinion or withdrawal from the engagement. 猜的

In which case might an auditor of an issuer render a qualified opinion on internal control? I. When there is a scope limitation. II. When there is a material weakness in internal control. A. I only. B. II only. C. Both I and II. D. Neither I nor II.

Choice "D" is correct. A scope limitation requires the auditor to disclaim an opinion or withdraw from the engagement, and a material weakness in internal control requires the auditor to issue an adverse opinion. Neither situation would result in a qualified opinion. Choice "A" is incorrect. A scope limitation requires the auditor to disclaim an opinion or withdraw from the engagement. Choice "B" is incorrect. A material weakness in internal control requires the auditor to issue an adverse opinion. Choice "C" is incorrect. A scope limitation requires the auditor to disclaim an opinion or withdraw from the engagement, and a material weakness in internal control requires the auditor to issue an adverse opinion. Neither situation would result in a qualified opinion. 没做对

According to the PCAOB, each of the following statements is true with respect to the auditor's responsibility to communicate material weaknesses in internal control over financial reporting, except: A. All such weaknesses must be communicated in writing to the audit committee. B. All such weaknesses must be communicated in writing to management. C. All such weaknesses must be communicated prior to the issuance of the auditor's report on internal control over financial reporting. D. All such weaknesses must be communicated in writing to all stockholders.

Choice "D" is correct. An auditor is not required to communicate material weaknesses to all stockholders. Choice "A" is incorrect. An auditor is required to communicate material weaknesses in writing to the audit committee. Choice "B" is incorrect. An auditor is required to communicate material weaknesses in writing to management. Choice "C" is incorrect. An auditor is required to communicate material weaknesses prior to the issuance of the auditor's report on internal control over financial reporting. 猜的, 整理

If an auditor performing an integrated audit identifies one or more material weaknesses in a nonissuer's internal control, the auditor should: A. Expand the audit of internal control to identify deficiencies less severe than material weaknesses. B. Conclude that the financial statements are materially misstated because of the material weakness in internal control. C. Disclaim an opinion on internal control. D. Express an adverse opinion on the entity's internal control.

Choice "D" is correct. If an auditor performing an integrated audit identifies one or more material weaknesses in a nonissuer's internal control, the auditor should express an adverse opinion on the entity's internal control. Choice "A" is incorrect. Identification of a material weakness does not require expansion of the audit to identify deficiencies less severe than material weaknesses. The audit of internal control should be planned and performed to obtain sufficient evidence about whether material weaknesses exists. Choice "B" is incorrect. An adverse opinion on the operating effectiveness of internal control does not necessarily result in an adverse opinion on the fairness of the financial statements. However, the auditor should consider the effect of the material weakness on the opinion on the fairness of the financial statements. Choice "C" is incorrect. Identification of a material weakness results in an adverse opinion. Restrictions on the scope of the engagement may result in a disclaimer of opinion or withdrawal from the engagement. 猜的

In reporting on a nonissuer's internal control over financial reporting, an auditor should include a paragraph that describes the: A. Documentary evidence regarding the control environment factors. B. Changes in internal control since the prior report. C. Potential benefits from the practitioner's suggested improvements. D. Inherent limitations of any internal control.

Choice "D" is correct. In reporting on a nonissuer's internal control over financial reporting, the auditor's report should include a paragraph stating that, because of inherent limitations of any internal control, errors or fraud may occur and not be detected. Choice "A" is incorrect. Documentary evidence need not be provided in the auditor's report. Choice "B" is incorrect. The auditor need not mention any changes in internal control since the last report. Choice "C" is incorrect. The auditor should not describe any potential benefits that might result from the practitioner's suggested improvements. 查一下 A 怎么错