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1、财经网络教育领导品牌_高顿网校 All Rights Reserved版权所有 复制必究1AICPA考试AUD模拟资料三1、Which of the following is not required documentation in an audit in accordance withgenerally accepted auditing standards?a.A narrative description of the internal control system.b.The auditors assessment of the risk of material misstateme
2、nt.c.An engagement letter.d.A written audit program describing audit procedures to be performed.【答案】A【解析】Choice 1 is correct.As part of planning,the auditor is required to obtain an understandingof the entity and its environment,including its internal control.While the auditor should alsodocument th
3、is understanding,there is to the specific type of documentation to be used.Choice 2 is incorrect.A written engagement letter is a presumptively mandatory requirement.Choice 3 is incorrect.A written audit program is required for every audit.2、Which of the following are considered internal control env
4、ironment factors?a.Detection risk,management philosophy,personnel policies,and accounting systems.b.Management philosophy and personnel policies.c.Detection risk and accounting systems.d.Neither detection risk,management philosophy,personnel policies,nor accounting systems.【答案】B【解析】Choice 2 is corre
5、ct.Managements philosophy and human resource policies are both factorsincluded in the control environment.Choices 1 or 3 are incorrect.Accounting system are part of the information and communicationcomponent of internal control,not the control environment.Detection risk is not part of any ofthe comp
6、onents of internal control.Choice 4 is incorrect.Managements philosophy and human resource policies and practices areboth factors included in the control environment.3、Which of the following statements regarding control risk is true?a.If control risk assessed at a high level,an auditor is not requir
7、ed to document the basis forthis assessment.b.If control risk assessed at a low level,an auditor is not required to document the basis forthis assessment.财经网络教育领导品牌_高顿网校 All Rights Reserved版权所有 复制必究2c.If control risk assessed at a high level,substantive testing is likely to be more heavilyemphasized
8、 in the audit process.d.If control risk assessed at a low level,substantive testing is likely to be more heavilyemphasized in the audit process.【答案】c【解析】Choice 3 is correct.A high level of control risk results in an increased risk of materialmisstatement,which should be offset a reduction in detecti
9、on risk.This is accomplished byperforming more(and/or more effective)substantive tests.Choice 1 or 2 are incorrect.The auditor is always required to document the basis for his or herconclusion about the assessed level of risk.Choice 4 is incorrect.If control risk is assessed at a low level,the audit
10、or is likely to focusmore on tests of controls and less on substantive audit procedures.4、Hart,CPA,is performing a first year audit of Tesseract Industries.Tesseracts prior yearfinancial statements were audited by McDonald,who issued an unqualified opinion.Based onreview of the previous years audit
11、documentation,Hart believes that an unqualified opinion wasinappropriate.What course of action should Hart take?a.Ask Tesseract management to arrange a meeting among all three parties to resolve thesituation.b.Ask Tesseract management to revise the previous years audit report.c.Ask McDonald to revis
12、e the previous years audit report.d.Withdraw from the engagement.【答案】A【解析】Choice 1 is correct.If,during the course of an audit,a successor auditor uncovers potentialproblems relating to the predecessor auditors report,he or she should ask the client to arrangea meeting(involving both auditors and th
13、e client)to resolve the matter.Choice 2 is incorrect.Management cannot revise an auditors report.Choice 3 is incorrect.McDonald would not revise the previous years audit report without additionaldiscussion and investigation.Choice 4 is incorrect.Hart would not withdraw from the engagement based on a
14、 possible problemwith the predecessors report.5、The risk of incorrect rejection and the likelihood of assessing control risk too relate to the:a.Efficiency of the audit.财经网络教育领导品牌_高顿网校 All Rights Reserved版权所有 复制必究3b.Effectiveness of the audit.c.Preliminary estimates of materiality levels.d.Allowable
15、 risk of tolerable misstatement.【答案】A【解析】Choice 1 is correct.Both incorrect rejection and assessing control risk too high will causethe auditor to perform more procedures than are necessary,which affects audit efficiency.Choice 2 is incorrect.The effectiveness of the audit is not affected by these r
16、isks,as the auditorwill perform enough additional testing to eventually come to the proper conclusion.Choice 3 is incorrect.The risk of incorrect rejection and the likelihood of assessing control risktoo high are both part of sampling risk,which is unrelated to preliminary materiality levels.Choice
17、4 is incorrect.The risk of incorrect rejection and likelihood of assessing control risktoo high are both part of sampling risk,which is unrelated to tolerable misstatement.(Note alsothat there is no defined term“allowable risk of tolerable misstatement.”)参与AICPA的考生可按照复习计划有效进行，另外高顿网校官网考试辅导高清课程已经开通，还可索取证券考试通关宝典，针对性地讲解、训练、答疑、模考，对学习过程进行全程跟踪、分析、指导，可以帮助考生全面提升备考效果。更多详情可登录高顿网校官网进行咨询，也欢迎您关注我们的官方微信（微信号：gaodunaicpa）。