In any assurance  engagement there are three parties involved: The responsible party, the practitioner and the user. In respect of given subject matter state which party prepares the subject matter

In any assurance  engagement there are three parties involved: The responsible party, the practitioner and the user. In respect of given subject matter state which party gathers evidence on the subject matter?

In any assurance engagement there are three parties involved: the responsible party, the practitioner and user. In respect of given subject matter state which party provides an opinion on whether the subject matter complies with the criteria?

The following are examples of computer controls which operate at PQ plc. For the example, select the type of computer control which it illustrates: Programmes to check data fields on input transactionsappl

The following are examples of computer controls which operate in the payroll system at ABC Ltd. For example, select the type of computer control which it illustrates: Range checks on payroll processing

Which THREE of the following are assertions used by the auditor about classes of transactions?

One of the five elements of internal controls is monitoring of controls. Which TWO of the following are activities which would be used to monitor controls

Which of the following methods of recording an accounting and controls system is a series of questions used to determine whether controls exist which meet specific control objectives?

The following are examples of computer controls which operate at PQ plc. For the example, select the type of computer control which it illustrates: Storing extra copies of programs and data files off-site

Which of the following factors influence the form and content of audit working papers? (1) Risks of material misstatement (2) Exceptions identified  (3) Nature of the package used for documentation (4) Cost to the audit

Audit risk' represents the risk that the auditor will give an inappropriate opinion on the financial statements when the financial statements are materially misstated. Which of the following categories of risk can be controlled by the auditor? Category of risk: (1)   Control risk (2)   Detection risk (3)   Sampling risk

In which of the following situations would the auditor be able to disclose confidential information about a client? (1)   Disclosure is required by law. (2)   Disclosure is permitted by law but the auditor has not requested the client's permission. (3) The auditor suspects that the client has committed money-laundering offences.

Select the MOST appropriate approach which should be used by the assurance firm in the given circumstance. The auditor of a long - standing client with a sophisticated IT system and an internal department?

ISA 315 states that an internal control system in an organisation consists of five components: the control environment, the entity's risk assessment process, the information system, control activities and monitoring of controls. For each of the following examples select the component which it illustrates: The entity's organisational structure

For of the following statements, select whether they are true or false in respect of the concept of materiality: materiality may depend on the size of the error in the context of its omission or misstatement

According to ISA 315 which THREE of the following are respects of an entity's control environment?

ISA 315 states that an internal control system in an organisation consists of five components: the control environment, the entity's risk assessment process, the information system, control activities and monitoring of controls. For each of the following examples select the component which it illustrates: Review by management of monthly bank reconciliations

In any assurance engagement there are three parties involved: the responsible party, the practitioner and user. In respect of given subject matter state which party determines the suitable criteria?

The statement: "Suitable criteria can only be identified for assurance engagements relating to financial statements" is true or false?

Which of the following controls helps to ensure that payroll payments are only made to bona fide employees? (1) Personnel records maintained for all employees  (2) Comparison of bank transfer listing with payroll (3) Segregation of duties between staff involved in human resources and payroll functions (4) Reperformance of the calculation of a sample of payroll deductions

ISA 315 states that an internal control system in an organisation consists of five components: the control environment, the entity's risk assessment process, the information system, control activities and monitoring of controls. For each of the following examples select the component which it illustrates: Review of actual performance against budgetcontrol

For each of the following statements select whether they are true or false. A negative assurance conclusion gives a limited level of assurance

In each of the following three cases, select whether control risk is higher or lower than normal: (3) Entry to the inventory storeroom is only for authorised personnel

Which of the following statements about materiality are correct? (1) Information is material if its omission or misstatement could influence the economic decisions of users of the financial statements. (2) Materiality is based on the auditor's experience and judgement. (3) Materiality is always based on revenue. (4) Materiality should only be calculated at the planning stage of the audit.

What are the purposes of planning the audit? (1) To ensure appropriate attention is devoted to different areas of the audit (2) To identify potential problem areas (3) To facilitate delegation of work to audit team members (4) To ensure the audit is completed within budget and time restraints