Tiêu đề AUD Self Review Part 2.pdf ✅

Q8. Which is not considered an assurance engagement? A. Audit B. Review C. Compilation D. Examination of internal controls Answer: C Explanation: Compilation is a non-assurance service Q9. Which provides a higher level of assurance? A. Compilation report B. Review engagement C. Agreed-upon procedures D. Audit Answer: D Explanation: Audit provides reasonable (high) assurance Q10. Which engagement is classified as direct reporting? A. Audit of FS B. Audit of compliance with contracts C. Audit of operations efficiency D. Review of FS Answer: C Explanation: In a direct reporting engagement, practitioner reports directly without management assertion—like operational audit Q11. Which is true about Agreed-Upon Procedures (AUP)? A. Auditor expresses limited assurance B. Users form their own conclusions C. Report is unrestricted D. Standards applied are PSAs Answer: B Explanation: In AUP, auditor only reports findings; users conclude Q12. In an assurance engagement, who is the responsible party? A. Auditor B. Management of client C. Intended users D. Those charged with governance Answer: B Explanation: Management prepares and asserts subject matter Q13. Which engagement requires independence + fundamental ethical principles? A. Audit only B. Audit and review C. Compilation only D. Tax consulting Answer: B Explanation: Audit and review require both independence and ethics. Compilation/tax requires only ethics Q14. Which international body sets ethical standards for accountants? A. IAASB B. IESBA C. IFAC D. IASB Answer: B Explanation: International Ethics Standards Board for Accountants (IESBA) Q15. Which of the following is false? A. Assurance engagements always require independence. B. Non-assurance engagements require no ethics. C. Review engagements provide limited assurance. D. Audit engagements require positive opinion. Answer: B Explanation: Even non-assurance engagements require compliance with fundamental ethical principles