Audıtıng (ENG) — 2021-2022 Dönem Sonu Çıkmış Sınav

1. Which of the following is not a procedure that auditors typically perform during the subsequent period? A) Review changes in internal control B) Review minutes of board of directors' meeting. C) Review the latest available interim financial statements. D) Inquire about any unusual adjustments made subsequent to the balance sheet date. E) Inquiry of management

2. Which of the followings can be defined as "a written communication from the client to the auditor formalizing statements that the client has made about matters pertinent to the audit"? A) Related party transactions B) Written notifications C) Third party statements D) Legal letter E) Management letter of representation

3. Which of the followings is not true about analytical procedures? A) Analytical procedures include analysis of information among financial and non-financial data. B) Analytical procedures are used to examine unusual transactions in financial statement items. C) Analytical procedures are used for obtaining evidence about account balances and transactions. D) Analytical procedures alone are sufficient audit evidence. E) Analytical procedures include the comparison of the company's financial statements with prior period information.

4. Which of the following is not considered in ethical evaluations at the client acceptance stage? A) Ability to prepare the audit report to the specified date B) Adequacy of resources and employees' skills C) Audit Fee D) Considering the conflicts E) Ensuring compliance with the conditions required by law

5. Which of the followings is the first phase of a financial statement audit? A) Know management assertions about financial statements B) Plan and design an audit approach based on risk assessment procedures C) Perform tests of controls and substantive tests of transactions D) Understand objectives and responsibilities for the audit E) Know specific audit objectives for classes of transactions, accounts, and disclosures