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Chapter 2

Multiple-Choice Questions

|1. |Which one of the following is not one of the three General Standards? | |easy |a. Proper planning and supervision. | |a |b. Independence of mental attitude. | | |c. Adequate training and proficiency. | | |d. Due professional care. | | | | |2. |Which one of the following is not a Field Work Standard? | |easy |a. Adequate planning and supervision. | |b |b. Due professional care. | | |c. Understand the entity and its environment including internal control. | | |d. Sufficient appropriate audit evidence. | | | | |3. |The General Standards stress the importance of: | |easy |a. evidence accumulation. | |b |b. personal qualities the auditor should possess. | | |c. communicating the auditor’s findings to the reader. | | |d. general supervision of the audit. | | | | |4. |The generally accepted auditing standard that requires “Adequate technical training and proficiency” is normally | |easy |interpreted as requiring the auditor to have: | |a |a. formal education in auditing and accounting. | | |b. worked for an entity similar to the entity being audited. | | |c. independence in mental attitude | | |d. a graduate degree in a business field. | | | | |5. (SOX) |Members of the Public Company Accounting Oversight Board are appointed and overseen by: | |easy |a. the U.S. Congress. | |d |b. the American Institute of Certified...
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