14. Which of the following is an example of a type of control that may be tested?
(A)Interest accrued on notes payable.
(B)Cash surrender value of life insurance classified as long-term asset.
(C) A spreadsheet used to create a pivot table for the summarization of accounts receivable.
(D)Reconciliations performed monthly on accounts.

10. Which of the following procedures would a CPA most likely perform in the planning phase of a financial statement audit? (A)make inquiries of the client's lawyer concerning pending litigation. (B)perform cutoff tests of cash receipts and disbursements. (C) compare financial information with nonfinancial operating data. (D)recalculate the prior year's accruals and deferrals.

11. The process of vouching helps establishes that all recorded transactions (A)have been recorded. (B)are complete. (C) are valid. (D)are presented properly.

12. The auditor will send a standard bank confirmation to which of the following? (A)financial institutions of customers using the lockbox. (B)financial institutions for which the client has a balance greater than $0 at the end of the year.  (C) financial institutions with which the client has transacted during the year. (D)financial institutions used by significant shareholders.

13. Management of Megadile, Inc. refuses to sign the management representation letter given to them in the course of the audit on the grounds that it invades the company's privacy. Such actions will be considered by the auditors to be (A)a violation of full and fair disclosure. (B)securities law violation. (C) a scope limitation. (D)a breakdown in internal controls.

15. Which of the following procedures would auditors most likely perform to obtain evidence about the occurrence of subsequent events? (A)confirming a sample of material accounts receivable established after year-end. (B)comparing the financial statements being reported on with those of the prior period. (C) reading minutes of meetings of owners, management, or those charged with governance held after the date of the financial statements. (D)inquiring as to whether any unusual adjustments were made just before year-end.

16. An auditor is considering whether the omission of the confirmation of investments impairs the auditor's ability to support a previously expressed unmodified opinion. The auditor need not perform this omitted procedure if (A)the results of alternative procedures that were performed compensate for the omission. (B)the auditor's assessed level of detection risk is low. (C) the omission is documented in a communication with the audit committee. (D)no individual investment is material to the financial statements taken as a whole.

17. To whom should written representations be addressed? (A)auditors. (B)board of directors. (C) client. (D)stockholders.

18. Which of the following is not a way in which auditors use the concept of overall materiality? (A)as a guide to planning the audit plan. (B)as a guide to the evaluation of evidence. (C) as a guide for making decisions about the audit report. (D)as a guide for assessing control risk.

19. 根據我國審計準則，下列關於重大性與執行重大性之敘述何者正確? (A)執行重大性係由財務報表整體層級分攤至特定交易類別、科目餘額或揭露事項層級 之重大性。 (B)重大性係應用於審計規劃階段與評估查核證據形成查核意見階段，於執行查核工作 時無須應用。 (C)重大性係為使財務報表之未更正及未偵出不實表達之彙總數超過財務報表整體重 大性之可能性降低至一適當水準。 (D)財務報表整體層級之重大性可能等於特定交易類別、科目餘額或揭露事項層級之重 大性。 

20. 根據我國審計準則，關於取得查核證據之查核程序，下列敘述何者錯誤： (A)風險評估程序係取得查核證據之查核程序。。 (B)控制測試係由查核人員考量內部控制有效性與成本效益後，得自行選擇是否執行之 取得查核證據之查核程序。 (C)對具顯著風險之相關控制得計畫予以信賴而進行控制測試。 (D)對具顯著風險之個別項目聲明執行之證實程序並非定須包含細項測試。