• 2022-06-07
    Which of the following likely indicate a limitation on the scope?
    A: The inappropriateness of selected accounting policies
    B: The timing of the auditor's appointment prevents the observation of the physical inventory count
    C: Management prevents the auditor from requesting external confirmation of specific account balances
    D: Accounting records destroyed
  • B,C,D

    举一反三

    内容

    • 0

      中国大学MOOC: Which of the following would be treated under IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors as a change of accounting policy?

    • 1

      The following statements relate to financial accounting or to cost and management accounting: (i) The main users of financial accounting information are external to an organisation. (ii) Cost accounting is part of financial accounting and establishes costs incurred by an organisation. (iii) Management accounting is used to aid planning, control and decision making. Which of the statements are correct? A: (i) and (ii) only B: (i) and (iii) only C: (ii) and (iii) only D: (i), (ii) and (iii)

    • 2

      Which of the following transactions would be recorded under accrual-basis accounting but NOT under cash-basis accounting? A: Borrowing money from the bank. B: Collecting cash from customers. C: Issuing stock for cash. D: Purchasing of inventory on account.

    • 3

      Which of the following procedures is less likely to be included near completion of an audit? A: performing analytical procedures B: obtaining an understanding of internal control C: confirmation of receivables D: observation of inventory

    • 4

      Which of the following is NOT likely included in the annual report as other information? A: Financial summaries or highlights B: Employment data C: Names of officers and directors D: Significant accounting policies