Question 1. Question 6.

Which of the following is not one of the major categories of The report on a review of financial statements should
auditors’ services? contain all of the following basic elements except:

a. Compilation engagement. a. Statement of positive assurance.

b. Related service framework. b. Addressee.
c. Audit and reviews of historical financial information. c. Scope paragraph, describing the nature of a review.
d. Assurance engagements on subject matters other than d. Title.
historical financial information.
Question 7.
Question 2.
How does the related services framework differ from the
Which of the following is not one of five elements exhibited assurance framework?
by all assurance engagements?
a. Related services claim compliance with ISAEs.
a. Suitable criteria. b. Related services engagements do not result in an
b. Evidence. opinion.
c. The subject matter. c. Related services claim compliance with ISAs.
d. A multi-party relationship involving a practitioner, a d. Related services enhance the degree of confidence
responsible party, those in charge of governance, and intended users can have.
the intended users.
Question 8.
Question 3.
Which of the following is not true about the subject matter
Which of the following is one of the basic elements required of an assurance engagement?
to be included in the assurance report according to
a. It is the topic about which the assurance is conducted.
International Standards on Assurance Engagements 3000?
b. It could be systems and processes or behaviour.
a. Identification of the subject matter information. c.
b. Summarisation of work performed. d. It could be information such as financial statements,
c. The results of the internal control tests. statistical information and non-financial performance
d. Identification of the criteria. indicators.

Question 4. Question 9.

Subject matter and subject matter information of an A responsible party does each of the following except:
assurance engagement can take all the following forms
a. Determines the subject matter.
EXCEPT:
b. Selects the audit procedures.
a. Financial performance or conditions. c. Engages the practitioner.
b. Litigation planning. d. Selects criteria.
c. Physical characteristics.
Question 10.
d. Non-financial performance or conditions.
The characteristics for assessing whether criteria are
Question 5.
suitable are all the following except:
What is the type of assurance engagement that has as its
a. Understandability.
subject matter non-historical financial information?
b. Neutrality.
a. Prospective financial information. c. International acceptance.
b. Review of financial statements. d. Reliability.
c. Special purpose engagement.
d. Agreed-upon procedures.
Question 11. Question 20.

Sufficiency of evidence The audit firm must establish, maintain, document and
communicate to their personnel a system of quality control
a. The measure of the quantity of evidence.
that includes policies and procedures that address each of
b. Evidence which is material.
the following elements except:
c. The measure of the quality of evidence.
d. Evidence which is adequate. a. Public relations.
b. Engagement performance.
Question 12.
c. Human resources.
In a limited assurance engagement, the practitioner: d. Monitoring.

a. Expresses the conclusion in a positive form.

b. Expresses the conclusion in the negative form.
c. Conveys reasonable assurance.
d. Has obtained sufficient appropriate evidence to reduce
assurance engagement risk to an acceptably low level.

Question 13.

Professional judgement is the application of relevant

training, knowledge and experience, within the context
provided by __________________, in making informed
decisions about the courses of action that are appropriate in
the circumstances of the audit engagement.

a. conditions.
b. All of the above.

Question 18.

What standards are practitioners who perform assurance

engagements governed by no matter what type of
assurance audit they are performing?

a. International Standards for Review Engagements and

IESBA Code of Ethics for Professional Accountants.
b. International Standards for Related Services and IESBA
Code of Ethics for Professional Accountants.
c. The IESBA Code of Ethics for Professional Accountants
and International Standards on Quality Control (ISQCs).
d. The IESBA Code of Ethics for Professional Accountants
and International Standards on Auditing (ISAs).

Question 19.

An assurance report:

a. Provides reasonable assurance to the responsible

party.
b. Has a format that is uniquely different from ISA audit
opinions.
c. Provides a written report containing a conclusion that
conveys the assurance obtained about the subject
matter information.
d. Is prepared by the responsible party.