Auditing Quiz Chapter 1&2

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Quiz Chapter 1&2 – Auditing and Assurance Services * Question 1 2 out of 2 points | | | Which of the following is not a SysTrust Services principle as defined by the AICPA?Answer | | | | | Selected Answer: | Operational integrity. | Correct Answer: | Operational integrity. | | | | | * Question 2 0 out of 2 points | | | In "auditing" financial accounting data, the primary concern is with:Answer | | | | | Selected Answer: | analyzing the financial information to be sure that it complies with government requirements. | Correct Answer: | determining whether recorded information properly reflects the economic events that occurred during the accounting period. | | | | | * Question 3 2 out of 2 points | | | An examination of part of an organization's procedures and methods for the purpose of evaluating efficiency and effectiveness is what type of audit?Answer | | | | | Selected Answer: | Operational audit. | Correct Answer: | Operational audit. | | | | | * Question 4 0 out of 2 points | | | Which of the following is considered audit evidence?Answer | | | | | Selected Answer: | Oral statementsmade by management | WrittenCommunications | AuditorObservation | N | Y | Y | | Correct Answer: | Oral statementsmade by management | WrittenCommunications | AuditorObservation | Y | Y | Y | | | | | | * Question 5 0 out of 2 points | | | One objective of an operational audit is to:Answer | | | | | Selected Answer: | evaluate the feasibility of attaining the entity's operational objectives. | Correct Answer: | make recommendations for improving performance. | | | | | * Question 6 2 out of 2 points | | | Three common types of attestation services are:Answer | | | | | Selected Answer: | audits,

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