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    Framework That Is Designed To

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    Ide Velco

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Framework That Is Designed To

    Uploaded by

    Ide Velco
    2 views4 pages

    Original Title

    Framework That is Designed To

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2 views4 pages

    Framework That Is Designed To

    Uploaded by

    Ide Velco

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    framework that is designed to:

    A. meet the particular information needs of a wide


    range of users
    B. meet the particular information needs of a group
    of users
    C. meet the common information needs of a wide
    range of users.
    D. meet the common information needs of a group
    of users
    2. PSA 700 provides guidance on the:
    A. audit report that includes an unqualified opinion
    B. audit report that includes an unqualified opinion
    C. audit report that includes an unqualified opinion,
    though the auditor’s report is modified due to an
    emphasis of matter
    D. audit report, irrespective of the type of opinion
    issued by the auditor
    3. PSA 701 provides guidance on the:
    A. auditor’s report issued as a result of an audit of a
    complete set of general-purpose financial
    statements
    B. auditor’s report issued as a result of performing a
    special-purpose audit engagement
    137
    C. auditor’s report that contains an opinion other
    than unqualified and/or a modified report due to
    an emphasis of matter
    D. auditor’s report issued as a result of an audit of a
    single statement or specified account(s)
    4. PSA 800, “The Independent Auditor’s Report on
    Special Purpose Audit Engagements” least likely
    applies to auditor’s report issued as a result of an
    audit of:
    A. compliance to royalty agreement
    B. a component of a complete set of generalpurpose
    financial statements wherein the opinion
    of the auditor is unqualified
    C. complete set of general-purpose financial
    statements where the auditor is prohibited from
    observing the inventory count
    D. summarized financial statements
    5. The auditor’s judgment regarding whether the
    financial statements give a “true and fair view” or
    “are presented fairly”, in all material respects, is
    made in the context of:
    A. generally accepted auditing standards
    B. standards of reporting of generally accepted
    auditing standards
    C. applicable financframework that is designed to:
    A. meet the particular information needs of a wide
    range of users
    B. meet the particular information needs of a group
    of users
    C. meet the common information needs of a wide
    range of users.
    D. meet the common information needs of a group
    of users
    2. PSA 700 provides guidance on the:
    A. audit report that includes an unqualified opinion
    B. audit report that includes an unqualified opinion
    C. audit report that includes an unqualified opinion,
    though the auditor’s report is modified due to an
    emphasis of matter
    D. audit report, irrespective of the type of opinion
    issued by the auditor
    3. PSA 701 provides guidance on the:
    A. auditor’s report issued as a result of an audit of a
    complete set of general-purpose financial
    statements
    B. auditor’s report issued as a result of performing a
    special-purpose audit engagement
    137
    C. auditor’s report that contains an opinion other
    than unqualified and/or a modified report due to
    an emphasis of matter
    D. auditor’s report issued as a result of an audit of a
    single statement or specified account(s)
    4. PSA 800, “The Independent Auditor’s Report on
    Special Purpose Audit Engagements” least likely
    applies to auditor’s report issued as a result of an
    audit of:
    A. compliance to royalty agreement
    B. a component of a complete set of generalpurpose
    financial statements wherein the opinion
    of the auditor is unqualified
    C. complete set of general-purpose financial
    statements where the auditor is prohibited from
    observing the inventory count
    D. summarized financial statements
    5. The auditor’s judgment regarding whether the
    financial statements give a “true and fair view” or
    “are presented fairly”, in all material respects, is
    made in the context of:
    A. generally accepted auditing standards
    B. standards of reporting of generally accepted
    auditing standards
    C. applicable financial reporting framework
    D. applicable Philippine Standards on Auditing
    (PSAs)
    6. In forming an opinion on the financial statements,
    A. the auditor should evaluate the conclusions
    drawn from the audit evidence obtained during
    the course of the auditial reporting framework
    D. applicable Philippine Standards on Auditing
    (PSAs)
    6. In forming an opinion on the financial statements,
    A. the auditor should evaluate the conclusions
    drawn from the audit evidence obtained during
    the course of the audit

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