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WHICH ONE OF THE FOLLOWING IS NOT ONE OF THE THREE GENERAL STANDARDS?

WHICH ONE OF THE FOLLOWING IS NOT ONE OF THE THREE GENERAL STANDARDS?

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1. Which one of the following is not one of the three general standards?A Proper planning and supervision.B Due professional care.C Adequate training and proficiency.D Independence of mental attitude.2. Which one of the following is not a fieldwork standard?A Sufficient appropriate audit evidence.B Due professional care.C Understanding the entity and its environment including internal control.D Adequate planning and supervision3. The auditor's judgment concerning the overall fairness of the presentation of financial position, results ofoperations, and changes in cash flow is applied within the framework of:A Generally accepted accounting principles.B The auditor's evaluation of the audited company's internal control.C Generally accepted auditing standards.D Generally accepted standards of quality control.4. Which one of the following is not included as one of the assurance services that CPAs provide?A. Audits, which include financial audits, compliance audits, and performance auditsB. Reviews of financial information, which provide less assurance than auditsC. Attestation engagements, in which the auditor expresses a written conclusion about the reliability of anotherparty's written assertionD. Compilation5. Auditing as a profession include the following characteristics:A. Formal recognition of professional status by means of a license issued by a government body after admissionstandards have been meet.B. A body of specialized knowledge, usually acquired through formal education.C. A code of ethics to provide standards of conduct, and a means of enforcing compliance with the code.D. All of the above6. In assessing control risk, an auditor selects from a variety of techniques, includingA. Inquiry and recalculation.B. Reperformance and observationC. Comparison and confirmationD. Inspection and verification7. Good internal controls include upon receiving checks from customers by mail, a responsible employee shouldA. Add the checks to the daily cash summaryB. Verify that check is supported by prenumbered sales invoicesC. Prepare a duplicate listing of checks receivedD. Record the checks in the cash receipts journal8. An auditor would analyze inventory turnover rates to obtain evidence regarding management assertions aboutA. ExistenceB. RightsC. PresentationD. Valuation9. In auditing accounts receivable, the negative form of confirmations request is used whenA. Response rate to positive confirmation request were lowB. The total amount of account receivable is immaterial to the financial statement taken as a wholeC. Recipients are likely to return positive confirmation without verifying the informationD. The combined assessed level of both inherent risk and control risk relative to account receivable is low10. The refusal of a client’s attorney to provide information requested in an inquiry letter is consideredA. Reasons for adverse opinionB. A limitation on the scope of the auditC. Grounds to withdraw from the engagementD. Equal to a significant deficiency

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