auditing by wanghonghx

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									Course No:BGAS3204                    University of Palestine   InstructorName: prof.yousef Jarbou
Course Title: Auditing(1)                                       Student No.: _________________
Date: 23/11/2009                                                Student Name: _______________
No. of Questions: (3)                    Midterm Exam.          College Name: ______________
Time: 01:30 hours                   1nd quadmester 2009/2010    Dep. / Specialist: ______________
Using Calculator (No)                     Total Grade:          Using Dictionary (No)



First Question                                      !!                                           !!
Put a circle beside the correct answer from the multiple choice cases of the following:
1.The Major factor to make the income tax provision is:
a. Going on concerned assumption.
b. consistantly assumption.
c. conservatism principle.
d. Accrual basis.

2.From the under mentionned ,who is responsible about the classifying and fairness
of the financial statements:
a. The management of the company.
b. The external auditor.
c. The internal auditing department.
d. The Association of accountants and auditors.

3.The confidence on the financial statements incveased through :
a. A letter from the external to the Management stating that the inspection is made
according to international auditing standards.
b. Finding a difference between what the auditor a greed and Management agreed.
c. Attaching the auditor's opinion on the financial statements.
d. To express his opinion on the lawsuits ( cases) that were held against the client .

4.what is the first step at the beginning of auditing process:
a. preparing the draft of the financial statements and the auditor's report .
b. To visit the client branches and to check his books.
c. To study and evaluate the internal control system.
d. communicating with the preceeding auditor to know what are the reasons of
discontinue with his client.

5.The major reason an independent auditor gathers audit evidence is to:
a. form an opinion on the financial statement.
b. Detect fraud.
c. Evaluate management.
d. Assess control risk.




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  Course No:BGAS3204                    University of Palestine   InstructorName: prof.yousef Jarbou
  Course Title: Auditing(1)                                       Student No.: _________________
  Date: 23/11/2009                                                Student Name: _______________
  No. of Questions: (3)                    Midterm Exam.          College Name: ______________
  Time: 01:30 hours                   1nd quadmester 2009/2010    Dep. / Specialist: ______________
  Using Calculator (No)                     Total Grade:          Using Dictionary (No)


  Second Question                                                                                  !!
  Do you agree or disagree about the following phrases, showing your opinion in case
  you agree or disagree:-
  1.The auditor's report is consisted from two paragraphs, one for the scope paragraph, and
  the second for his opinion.

  2.Some parties perceive that there are three dimentions (scopes) will strengthen the
  auditor's independence and to complete the auditing process with a suitable quality .

  3.Auditing standards are different from auditing procedures, where as the first is
  connected of the application of audit program, and the second is connected with the
  realization of auditing objectives .

  4.Independence in fact for the auditor means to avoid any situations that will decrease his
  diginty ,where as independence in appearance means not to allow outside parties to
  change his integrity and objectivity.

  5.Inherent risk is the responsibility of the external auditor ,but the dedection risk is the
  responsibility of the management.

Third Question
" Auditing standards are considered the minimum limit of the professional performance level
required from the external auditor, in order to execute the auditing process with a correct
method ".
- you are required to answer the following:-
1. To comment on the above phrase.
2.To mention the general standards and to clarify the effect of providing managerial and
consulting services on the auditor's independence.
3.To mention the fieldwork standards showing the effect of non-compliance with it on the
auditing process.

                                        Good luck
                                     (End of questions)
                                                                                                   !!




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