RIZAL TECHNOLOGICAL UNIVERSITY

Boni Avenue, Brgy. Malamig, Mandaluyong City

APPLIED AUDITING REVIEW OF AUDITING PRINCIPLES 2017 1ST SEMESTER BATCH
1st LONG QUIZ JUNE 24, 2017

Answers:

(1) A
(2) A
(3) B
(4) A
(5) D
(6) B
(7) C
(8) D
(9) A
(10)B
(11)A
(12)A
(13)B
(14)B
(15)A
(16)A
(17)B
(18)A
(19)A
(20)B
(21)D
(22)B
(23)B
(24)B
(25)D
(26)A
(27)A
(28)D
(29)D
(30)C
(31)C

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 RIZAL TECHNOLOGICAL UNIVERSITY
Boni Avenue, Brgy. Malamig, Mandaluyong City
APPLIED AUDITING REVIEW OF AUDITING PRINCIPLES 2017 1ST SEMESTER BATCH
1st LONG QUIZ JUNE 24, 2017

(32)D
(33)D
(34)B is correct; A is for independence in appearance
(35)B
(36)B
(37)C
(38)D
(39)B
(40)B
(41)D
(42)A
(43)A
(44)C
(45)A
(46)D
(47)B
(48)B
(49)D
(50)D
(51)D
(52)B
(53)C
(54)D
(55)C
(56)C
(57)C
(58)C
(59)D only a material misstatement and not a scope limitation
(60)A
(61)A
(62)B
(63)B
(64)D
(65)D
(66)A
(67)B
(68)D
(69)A
(70)B
(71)B
(72)C
(73)A

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 RIZAL TECHNOLOGICAL UNIVERSITY
Boni Avenue, Brgy. Malamig, Mandaluyong City
APPLIED AUDITING REVIEW OF AUDITING PRINCIPLES 2017 1ST SEMESTER BATCH
1st LONG QUIZ JUNE 24, 2017

(74)C
(75)C
(76)D SHIPMENT has occurred have been recorded?? Measures test of completeness (from
documents to records) So, saan dapat kumuha ng samples? Sa BOL.
(77)B
(78)C SA is required to communicate with the PA
(79)D is correct. A preliminary audit strategy may reflect (1) the planned assessed level of control
risk, (2) the extent of the understanding of the IC, (3) test of controls that may be performed, (4)
the planned level of ST to be performed
(80)B (see page 3 of Engagement Planning test bank)
(81)B
(82)B
(83)A
(84)D
(85)A
(86)D
(87)B
(88)C
(89)A
(90)C
(91)A
(92)D
(93)A
(94)B
(95)D
(96)A
(97)C
(98)C
(99)D
(100) C

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