Which of the following is a form of earnings management in which revenues and expenses are shifted between periods to reduce fluctuations in earnings? （ ）
A:expense smoothing
B:fraudulent financial reporting
C:income smoothing
D:each of the above is correct
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Which of the following includes all payroll transactions processed by the accounting system for a given period of time? （ ）
A:time report
B:payroll summary
C:payroll transaction file
D:payroll journal
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Employees - Yes
Shareholders- Yes
hareholders- Yes
Shareholders- Yes
B:Cash disbursements register
C:Acquisition documents
D:Paid real estate tax bills
答案：关注公众号【题涯答案】免费查看 Which of the following audit procedures would not likely detect a client's decision to pledge or factor accounts receivable? （ ） A:Examination of correspondence files.
B:Confirmation of receivables.
C:A review of the minutes of the board of directors' meetings.
D:Discussions with the client.
答案：关注公众号【题涯答案】免费查看 Under the federal securities acts, one significant result occurring directly due to the Escott et al. v. Bar Chris Construction Corporation case was that SAS was changed to require: （ ） A:greater emphasis on subsequent events procedures.
B:more companies to file annual reports with the SE C:new standards for unaudited statements.
D:a broader definition of third-party beneficiaries.
E:
答案：关注公众号【题涯答案】免费查看 An audit to determine whether an entity is following specific procedures or rules set down by some higher authority is classified as a(n): （ ） A:operational audit.
B:compliance audit.
C:production audit.
D:audit of financial statements.
答案：关注公众号【题涯答案】免费查看 Members of the Public Company Accounting Oversight Board are appointed and overseen by: （ ） A:the U.S. Congress.
B:the American Institute of Certified Public Accountants.
C:the Auditing Standards Board.
D:the Securities and Exchange Commission.
答案：关注公众号【题涯答案】免费查看 Which of the following is not one of the five classes of transactions included in the sales and collection cycle? （ ） A:Write-off of uncollectible accounts
B:Sales returns and allowances
C:Interest Income
D:Bad debt expense
答案：关注公众号【题涯答案】免费查看 The capital acquisition and repayment cycle does not include: （ ） A:payment of interest.
B:acquisition of capital through interest-bearing debt.
C:payment of dividends.
D:payment of vendor invoices.
答案：关注公众号【题涯答案】免费查看 Which one of the following is NOT a major difference between operational and financial auditing? （ ） A:purpose of the audit
B:testing the effectiveness of internal controls
C:audits of non-financial areas
D:distribution of the report
答案：关注公众号【题涯答案】免费查看 Which department provides quantitative information in order for management and others to make decisions? （ ） A:management information systems.
B:auditing.
C:accounting.
D:finance.
答案：关注公众号【题涯答案】免费查看 Under which of the following circumstances would an auditor be most likely to intensify an examination of a $500 imprest petty cash fund? （ ） A:Reimbursement occurs twice each week.
B:Reimbursement vouchers are not prenumbered.
C:The custodian occasionally uses the cash fund to cash employee checks.
D:The custodian endorses reimbursement checks.
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Controls which are built in by the manufacturer to detect equipment failure are called:（ ）
A:hardware controls.B:compilation
C:review
D:agreed-upon procedures
答案：关注公众号【题涯答案】免费查看 When using monetary-unit sampling, evaluating the likelihood of unrecorded items in the population is: （ ） A:an automatic outcome of the process.
B:possible but difficult.
C:unnecessary.
D:impossible.
答案：关注公众号【题涯答案】免费查看 In which of the following instances would impair a CPA's independence when they have been retained as the auditor? （ ） A:I and III
B:I, II, and III
C:II and III
D:I and II
E:A municipality where the CPA owns $250,000 of the $25 million outstanding bonds of the municipality.
II F:A company that the CPA's investment club has a one-tenth investment interest.
答案：关注公众号【题涯答案】免费查看 Which of the following is the most efficient audit procedure for the detection of unrecorded liabilities at the balance sheet date? （ ） A:obtain an attorney's letter from the client's attorney
B:examine purchase orders issued for several days prior to the close of the year
C:confirm large accounts payable balances at the balance sheet date
D:compare cash disbursements in the subsequent period with the accounts payable trial balance at year-end
答案：关注公众号【题涯答案】免费查看 If an auditor is requested to perform nonaudit services for a public company audit client, who is responsible for agreeing to those services with the audit firm? （ ） A:the client's audit committee
B:the client's chief financial officer
C:the client's chief executive officer
D:the client's management
答案：关注公众号【题涯答案】免费查看 A measure of the auditor's assessment of the likelihood that there are material misstatements in an account before considering the effectiveness of the client's internal control is called: （ ） A:statistical risk.
B:control risk.
C:acceptable audit risk.
D:inherent risk.
答案：关注公众号【题涯答案】免费查看 The audit approach in which the auditor runs his or her own program on a controlled basis to verify the client's data recorded in a machine language is: （ ） A:called auditing around the computer.
B:the test data approach.
C:the generalized audit software approach.
D:the microcomputer-aided auditing approach.
答案：关注公众号【题涯答案】免费查看 Which of the following is not one of the four parts of the AICPA's Code of Professional Conduct? （ ） A:Definitions
B:Rules of Conduct
C:Interpretations
D:Principles
答案：关注公众号【题涯答案】免费查看 Both sampling and nonsampling risks are associated with: （ ） A:Tests of controls. -Yes
Substantive tests of transactions.- Yes
B:Tests of controls. - No
Substantive tests of transactions. -Yes
C:Tests of controls. -Yes
Substantive tests of transactions. - No
D:Tests of controls.- No
Substantive tests of transactions. - No
答案：关注公众号【题涯答案】免费查看 Lewis Corporation has a few large accounts receivable that total one million dollars whereas
Clark Corporation has many small accounts receivable that total one million dollars. Misstatement in any one account is more significant for Lewis corporation because of the concept of: （ ） A:Audit risk.
B:Reasonable assurance.
C:Comparative analysis.
D:Materiality.
答案：关注公众号【题涯答案】免费查看 Which of the following accounts is not associated with the acquisition and payment cycle? （ ） A:Accrued property taxes
B:Property, plant and equipment
C:Income tax expense
D:Common stock
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