Ünite Sınavı Soruları

Which International Standards for Auditing (ISA) relates to Related Parties?

Choose the option that completes the following statement correctly.

"A .......... is a written communication from the client to the auditor formalizing statements that the client has made about matters pertinent to the audit."

I. the information related to the rival firms.

II. issues that remain unsolved

III. modifications and additions to the financial statements

IV. the ways of increasing the liquidity capacity of the firm

V. significant internal control deficiencies

Which of the above does the auditor discuss once the audit phase is completed?

Which of the following is NOT contingent liability?

I. Inquiry of management

II. Inquiry of the minutes of meetings

III. Reading minutes of meetings

IV. Inquiry of legal council

V. Recognition of legal council

Which of the above does an auditor conduct as a subsequent event after the balance sheet date?

Which of the following is NOT a part of final evaluation procedures auditors perform?

Which International Standards for Auditing (ISA) requires the auditor’s report to be dated no earlier than the date on which the auditor has obtained sufficient appropriate evidence on which to base the auditor’s opinion on the financial statements?

In Turkey, Independent Audit Regulation states that the audit institutions have to keep their commercial books, the audit reports issued and all documents related to the audit work and the quality control system for a period of how many years?

What does an auditor do if   material misstatements have been detected in  the general evaluation?

Choose the option that completes the following statement correctly.

".......... is a process designed to provide an objective evaluation, on or before the date of the auditor’s report, of the significant judgments the engagement team made and the conclusions it reached in formulating the auditor’s report."

I. To review some part of the audit work

II. To review the audit work as a whole.

III. To get certain assurances from the customer

IV. To eliminate the problems

V.  To check whether the corrections are appropriate. 

Which of the above are among the purposes of 'complete the audit' procedures?

Which of the following is NOT one of the four main phases in an audit process?

Which International Standards for Auditing (ISA) relates to Subsequent Events?

Which International Standards for Auditing (ISA) relates to Going Concern?

Which of the following is described as a transfer of resources, services, or obligations between related parties, regardless of whether a price is charged?

Which International Standards for Auditing (ISA) defines purposes of management representation letter?

Which of the folowing and ‘working papers’ are used interchangeably for the record of audit procedures performed, relevant audit evidence obtained, and conclusions the auditor reached?

Choose the option that completes the following statement correctly.

".......... is an existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an entity that will ultimately be resolved when some future event occurs or fails to occur."

I. enough money to build a company

II. sufficient experience

III. being objective

IV. being subjective

V. two university degrees on quality control review

Which of the above qualities should a quality control review have?

Choose the option that completes the following statement correctly.

".......... is an audit inquiry sent to the client’s attorneys in order to obtain or corroborate information about litigation, claims, and assessments."