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Q 1/4
Score 0
A government auditor evaluates a disbursement to determine if it is necessary, excessive or extravagant in accordance with existing rules and regulations. What kind of audit is he conducting?
120
Compliance Audit: Yes, Economy Audit: No
Compliance Audit: No, Economy Audit: Yes
Compliance Audit: No, Economy Audit: No
Compliance Audit: Yes, Economy Audit: Yes
Q 2/4
Score 0
Affixing the CPA’s seal and signature on the auditor’s report is an indication of
120
Compliance by the CPA of the requisite accounting and auditing standards and rules
CPA’s accreditation to practice public accountancy
CPA’s acceptance of responsibility for the financial statements audited
Fair presentation of financial statements audited
4 questions
Q.
A government auditor evaluates a disbursement to determine if it is necessary, excessive or extravagant in accordance with existing rules and regulations. What kind of audit is he conducting?
1
120 sec
Q.
Affixing the CPA’s seal and signature on the auditor’s report is an indication of
2
120 sec
Q.
Because an external auditor is paid a fee by a client company, he or she
3
120 sec
Q.
Below are names of four CPA firms and pertinent facts relating to them. Unless otherwise indicated, the individuals named are CPAs and partners and there are no other partners. Which firm name and related facts indicate a violation of the Philippine Accountancy Act of 2004?
