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2017年美国注册会计师《审计与鉴证》模拟题(1)

2017年01月16日 栏目首页

1.Silver, CPA, has been hired by Andrews Co., a publicly held company, to conduct a review of its interim financial information. While performing review procedures, Silver becomes aware of a significant change in the control activities at one of Andrew's branch locations. Which of the following might Silver consider performing in response to this situation?

I. Making additional inquiries, such as whether management has monitored the changes and considered whether they were operating as intended.

II. Employing analytical procedures with a less precise expectation.

a. Both I and II.

b. Neither I nor II.

c. I only.

d. II only.

【答案解析】C

Choice "c" is correct. An accountant's knowledge of an entity's business and its internal control influences the inquiries made and analytical procedures performed. A significant change in control activities would likely result in further inquiry of management.

Choice "d" is incorrect. An accountant's knowledge of an entity's business and its internal control influences the inquiries made and analytical procedures performed. A significant change in control activities would likely result in the accountant employing analytical procedures with a more precise expectation, since more precise expectations are more effective at detecting misstatements.

Choices "a" and "b" are incorrect. Only choice "c" is correct, as explained above.

2.Which of the following statements is correct concerning letters for underwriters, commonly referred to as comfort letters?

a. Letters for underwriters typically give negative assurance on unaudited interim financial information.

b. Letters for underwriters ordinarily update auditors' opinions on the prior year's financial statements.

c. Letters for underwriters are required by the Securities Act of 1933 for the initial public sale of registered securities.

d. Letters for underwriters usually are included in the registration statement accompanying a prospectus.

【答案解析】A

Choice "a" is correct. Comments concerning the unaudited interim financial information provide negative assurance as to whether any material modifications should be made to the unaudited interim financial information in order for it to be in conformity with GAAP.

Choice "c" is incorrect. Comfort letters are not required by the Securities Act of 1933, and copies are not filed with the SEC.

Choice "d" is incorrect. Comfort letters are addressed to the underwriter and are not included in the registration statement accompanying the prospectus.

Choice "b" is incorrect. The comfort letter does not update the opinion on previous financial statements. Often, underwriters will request that the accountants repeat in the comfort letter their report on the audited financial statements. Because of the special significance of the auditor's report, the auditors should not repeat their report.

3.Comfort letters ordinarily are signed by the client's:

a. Audit committee.

b. Underwriter of securities.

c. Senior management.

d. Independent auditor.

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