Auditing And Assurance Services 18th Edition Test Bank

1 Copyright 20 23 Pearson Education , Inc. Chapter 1 The Demand for Audit and Other Assurance Services 1.1 Learning Objective 1 - 1 1) In the auditing process, A) the types and amounts of evidence remain constant from audit to audit. B) the criteria for evaluating information will not vary depending on the information being audited. C) the audit report communicates the auditor's findings to users. D) records are gathered by the auditor to determine whether the audited informatio n is stated in accordance with SEC standards. Answer: C Terms: Audit process Difficulty: Moderate Objective: LO 1 - 1 AACSB: Reflective thinking 2) Which of the following is considered audit evidence? A) Oral statements made by management Written Communications Auditor Observations Y N N B) Oral statements made by management Written Communications Auditor Observations N Y Y C) Oral statements made by management Written Communications Auditor Observations Y Y Y D) Oral statements made by management Written Communications Auditor Observations N N Y Answer: C Terms: Audit evidence Difficulty: Easy Objective: LO 1 - 1 AACSB: Reflective thinking (Auditing and Assurance Services, 18e Alvin Arens, Randal Elder, Mark Beasley, Chris Hogan)(Test Bank all Chapters)2 Copyright 20 23 Pearson Education