Student Name: Satria Anggaprana (Kelas VII B Reg - 25)

Student Email: s.anggaprana@gmail.com

Site Title: Auditing and Assurance Services: An Integrated Approach, 13/e
Book's Title: Auditing and Assurance Services: An Integrated Approach, 13/e
Book's Author: Arens
Location on Site: Chapter 3 > Self-Study Quiz > True or False

100% Correct of 10 Scored items:

10 correct: 100%
0 incorrect: 0%

Submitted on May 19, 2013 at 6:55 AM (UTC/GMT)

Time Spent::
------------------------------------------------------------------Question 1

A standard unqualified audit report contains a management paragraph.

Correct: False

------------------------------------------------------------------Question 2

An unqualified audit report is sometimes called a clear opinion.

Correct: True

------------------------------------------------------------------Question 3

Current auditing standards require that an audit of internal controls be separat

e from the audit of financial statements.
Correct: False

------------------------------------------------------------------Question 4

A qualified audit report describes an audit that took place with satisfactory re
sults and the financial statements are fairly stated, but the auditor believes t
hat it is important or is required to provide additional information.
Correct: False

------------------------------------------------------------------Question 5

It is impermissible for an auditor to rely on the work of others while engaged i

n an audit.
Correct: False

------------------------------------------------------------------Question 6

When an auditor is forced with severe limitations on the scope of an audit, the
auditor should issue a disclaimer of opinion.
Correct: True

------------------------------------------------------------------Question 7

The level of materiality of a misstatement on a financial statement may affect t

he decisions made by a reasonable user of the statements.
Correct: True

------------------------------------------------------------------Question 8

An auditor's report need not be modified when a company departs from use of GAAP
in preparation of its external financial statements.
Correct: False

------------------------------------------------------------------Question 9

An auditor that lacks independence may still issue an unqualified opinion if the
level of materiality is low.
Correct: False

------------------------------------------------------------------Question 10

The IAASB may play a significant role in shaping auditing standards by US audito
rs in the future.
Correct: True