Auditingtestbankchapter6(荐)..doc

Auditing and Assurance Services, 15e (Arens) Chapter 6 Audit Responsibilities and Objectives Learning Objective 6-1 1) The objective of an audit of the financial statements is an expression of an opinion on: A) the fairness of the financial statements in all material respects. B) the accuracy of the financial statements. C) the accuracy of the annual report. D) the accuracy of the balance sheet and income statement. Answer: A Terms: Objective of ordinary audit of financial statements Diff: Easy Objective: LO 6-1 AACSB: Reflective thinking skills 2) If the auditor believes that the financial statements are not fairly stated or is unable to reach a conclusion because of insufficient evidence, the auditor: A) should withdraw from the engagement. B) should request an increase in audit fees so that more resources can be used to conduct the audit. C) has the responsibility of notifying financial statement users through the auditors report. D) should notify regulators of the circumstances. Answer: C Terms: Auditor believes that financial statements are nor fairly presented Diff: Easy Objective: LO 6-1 AACSB: Reflective thinking skills 3) Auditors accumulate evidence to: A) defend themselves in the event of a lawsuit. B) determine if the financial statements are correct. C) satisfy the requirements of the Securities Acts of 1933 and 1934. D) reach a conclusion about the fairness of the financial statements. Answer: D Terms: Auditors accumulate evidence Diff: Easy Objective: LO 6-1 AACSB: Reflective thinking skills Learning Objective 6-2 1) The responsibility for adopting sound accounting policies and maintaining adequate internal control rests with the: A) board of directors. B) company management. C) financial statement auditor. D) companys internal audit department. Answer: B Terms: Responsibility for adopting sound accounting policies and maintaining adequate internal controls Diff: Easy Objective: LO 6-2 AACSB: Reflective thinking skills 2) If ma