Question Details

ACCT 431
CHAPTER 2
1) Which one of the following is not one of the three 
General Standards?
2) Which one of the following is not a Field Work 
Standard?
3) The generally accepted auditing standard that 
requires "Adequate technical training and 
auditor to have:
proficiency" is normally interpreted as requiring the 
4) Which of the following statements most 
accurately captures the intent of the standards of 
field work?
5) The Statements on Auditing Standards issued by 
the Auditing Standards Board:
6) An auditor need not abide by a particular 
auditing standard if the auditor believes that:
A) the issue in question is immaterial in amount.
7) Under GAAS, which of the following reflects a 
concept from the general group?
8) The third general standard states that due care is 
to be exercised in the performance of an audit. This 
standard is generally interpreted to require:
9) Which of the following statements best describes 
the primary purpose of Statements on Auditing 
Standards?
10) Hansen Corporation's stock is listed on a 
national stock exchange and registered with the 
Securities and Exchange Commission. Hansen's 
management hires a CPA to perform an 
independent audit of Hansen's financial statements. 
The primary objective of this audit is to provide 
assurance to the:
11) Which of the following statements about 
Generally Accepted Audit Standards are true?
12) Generally Accepted Auditing Standards (GAAS) 
and Statements on Auditing Standards (SAS) should 
be looked upon by practitioners as:
13) Statements on Auditing Standards issued by the 
AICPA's Auditing Standards Board are:
14) List the ten generally accepted auditing 
standards and divide them into their proper 
category.
15) Distinguish between generally accepted auditing 
standards (GAAS) and generally accepted 
accounting principles (GAAP). What professional 
organization establishes GAAS? What professional 
organization establishes GAAP?
16) Statements on Auditing Standards are 
considered authoritative literature.
17) Statements on Auditing Standards (SASs) are 
issued by the Public Company Accounting 
Oversight Board.
18) Statements on Auditing Standards (SASs) are 
considered to be interpretations of the ten generally 
accepted auditing standards.