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Match Each Item with the Most Appropriate Auditing Standard

Question 54

Matching

Match each item with the most appropriate auditing standard.

Premises:
Carlos reviews methods for calculating depreciation.
Carol refuses an expensive gift from an audit client.
Hamid assigns tasks to audit team members based on their experience.
Hobart composes a footnote discussing the basis for financial statement estimates.
Hong verifies adequate separation of duties in the accounting information system.
Linda reviews last year's audit documents before starting this year's audit.
Nathan attends a seminar on forensic accounting.
Patty's work is reviewed until she obtains her CPA license.
Peggy determines that a client's financial statements are fair.
Rochelle scans copies of all customer invoices.
Responses:
Consistency.
Disclosure.
Evidence.
GAAP.
Independence.
Internal control.
Opinion.
Professional care.
Supervision.
Training.

Correct Answer:

Carlos reviews methods for calculating depreciation.
Carol refuses an expensive gift from an audit client.
Hamid assigns tasks to audit team members based on their experience.
Hobart composes a footnote discussing the basis for financial statement estimates.
Hong verifies adequate separation of duties in the accounting information system.
Linda reviews last year's audit documents before starting this year's audit.
Nathan attends a seminar on forensic accounting.
Patty's work is reviewed until she obtains her CPA license.
Peggy determines that a client's financial statements are fair.
Rochelle scans copies of all customer invoices.
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