浙江同学看这里：CGA考试AU1考试试题分享~
 
　　CGA AU1 Question
　　Select the best answer for each of the following unrelated items. Answer each of these items in your examination booklet by giving the number of your choice. For example, if the best answer for item (a) is (1), write (a)(1) in your examination booklet. If more than one answer is given for an item, that item will not be marked. Incorrect answers will be marked as zero. Marks will not be awarded for explanations.
 
　　Note:
　　2 marks each
 
　　a. What is the role of the Canadian Public Accountability Board?
　　1) To develop auditing standards for the CICA Handbook
　　2) To conduct inspections of accounting firms to assess their ability to protect the public interest
　　3) To recommend audit firms to members of the general public
　　4) To review audit reports before they are issued at the end of an external audit
 
　　b. Which of the following is true concerning external and internal auditors?
　　1) Both types of auditors need to be independent to function effectively.
　　2) Both may be employees of the company being audited.
　　3) Both focus on the audit of financial statements.
　　4) Only the external auditor has a duty of care.
 
　　c. Which of the following best describes an auditor’s engagement risk?
　　1) Engagement risk is the risk that the auditor may be sued.
　　2) The 3 components of engagement risk are inherent risk, control risk, and detection risk.
　　3) Engagement risk is the risk that the auditor may not be paid for the audit engagement.
　　4)Engagement risk cannot be controlled by the auditor, therefore the auditor must be very careful about which audit engagements to accept.
 
　　d. What is the purpose of the introductory paragraph of the standard audit report?
　　1) To identify GAAS as the standard used by the auditor
　　2) To make the reader aware that the auditor has examined the records only on a test basis
　　3) To advise the reader that the auditor only provides reasonable assurance
　　4) To identify the financial statements covered by the auditor’s report and to distinguish the responsibilities between management and the auditor
 
　　e. What audit opinions would be possible when the audited company refuses to record adequate amortization for fixed assets? Assume the amount in question exceeds materiality.
　　1) Only unqualified or adverse opinions are possible.
　　2) Only qualified or adverse opinions are possible.
　　3) Only adverse or denial opinions are possible.
　　4) Only qualified or unqualified opinions are possible.
 
　　f. Which of the following would be associated with a review engagement?
　　1) Substantive and compliance testing
　　2) Notice to reader report
　　3) Conformity with GAAP and GAAS
　　4) Negative assurance
 
　　g. Which of the following is an auditor responsible for concerning the detection of illegal activities of an audit client?
　　1) Assess the inherent risk of material misstatements due to illegal acts
　　2) Monitor legal requirements and ensure that the client’s operating procedures are designed to meet these requirements, for the period under audit
　　3) Ensure that the client appoints an audit committee
　　4) Ensure that the client’s internal auditors act in an ethical manner
 
　　h. Which of the following is true when an auditor replaces another auditor who withdrew from the engagement due to the client’s illegal activities?
　　1) The predecessor auditor must ensure that the successor auditor is qualified to conduct the audit.
　　2) The successor auditor should ask the predecessor auditor’s permission to accept the audit engagement.
　　3) The predecessor auditor is under no obligation to provide information to the successor auditor.
　　4) The predecessor auditor should advise the successor auditor if the client refuses to allow information to be disclosed to the successor auditor.
 
　　i. Which of the following is related to the management assertion of ownership?
　　1) The allocation of joint costs
　　2) Determining the lower of cost or market for inventory
　　3) Whether the amounts reported represent its property rights
　　4) Whether all transactions that have occurred in a period are included in the accounting records
 
　　j. What is the general meaning of the phrase “These financial statements present fairly, in all material respects, the financial position, the results of the operations, and the cash flow of the company”?
　　1) That the audit was conducted according to GAAS
　　2) That there were no material misstatements found in the audit
　　3) That the auditor is responsible for the audit opinion, but management is responsible for the financial statements
　　4) That the statements are free from material misstatements whether due to error, fraud, or as a consequence of an illegal act by the client
 
　　k. When is the latest date that an auditor should assemble a complete and final audit file?
　　1) On the date that the field work is completed
　　2) On the date that the auditor provides an opinion to the client
　　3) On the date that the audit report is issued
　　4) Within 45 days from the audit report release date
 
　　l. Which of the following would be a material scope limitation?
　　1) The client reported transactions with a related party in the notes to the financial statements.
　　2) The client would not agree to allow the auditor to read the minutes of the board of directors(assume that the auditor was able to obtain information concerning the share transactions from other means).
　　3) The client recorded a capital lease as an operating lease.
　　4) The client’s tax return for the year was prepared by a different accounting firm, not by the auditor.
 
　　m. Which of the following would most likely be a concern for the auditors if their client moved to an electronic data interchange (EDI) system?
　　1) Involvement of a computer service bureau
　　2) Loss of audit trail
　　3) Management override
　　4) Less accurate records
 
　　n. How do batch financial totals differ from batch hash totals?
　　1) Only batch financial totals test for blank character fields.
　　2) Only batch financial totals sum up data that is meaningful for the client’s accounting records.
　　3) Only batch hash total would be used to sum up the number of records that have been input on a particular day.
　　4) Only batch financial total would sum up the total of all invoices that have been input on a particular day.
 
　　o. Which of the following would be an appropriate number to be verified by means of a check digit?
　　1) Vendor number
　　2) Amount payable to a specific vendor
　　3) Amount paid to specific vendor in the current year
　　4) Total assets minus total liabilities
 
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