1.No reference is made in the auditor’s report to other auditors who perform a portion of…

1.No reference is made in the auditor’s report to other auditors
who perform a portion of the audit when:
I. The other auditor audited an immaterial portion of the audit
engagement.
II. The other auditor is well known or closely supervised by the
principle auditor.
III. The principle auditor was unable to review the work of the
other auditor.

a.

I, II, and III

b.

II and III

c.

I and III

d.

I and II

2.An auditor is responsible for forcing their client to adopt
GAAP.
True
False
3.A PCAOB audit client had a number of CAMs disclosed in its
annual audit report. An investor can conclude a scope limitation
impacted performance of the audit.
True
False
4.An AICPA unqualified audit report containing no modifications
will discuss the concept of going concern:

a.

It will discuss the auditor’s and management’s consideration of
going concern.

b.

Going concern is forecast by the auditor for one year after the
balance sheet date.

c.

It will not reference going concern unless the issue is
considered a problem.

d.

It will provide assurance that going concern is not an
issue.

5.An arrangement in which a CPA firm arranges for the critical
review of its quality control practices by another CPA firm is
referred to as a(n):

a.

Quality control review audit

b.

Assurance of quality

c.

Assurance engagement

d.

Peer review engagement