Accountant

A Freedom from relationships or influences that compromise objective judgment B Being employed by the client as its bookkeeper C Being responsible for the client's financial statements D Having authority to set client prices

A A guarantee of future profitability B A statement that fraud is impossible C An opinion issued without audit evidence D An opinion that the financial statements are presented fairly, in all material respects, under the applicable framework

A An unmodified opinion B A receipt C An adverse opinion D A bank reconciliation

A The auditor prepared the accounts B The auditor guarantees the accounts C The auditor found no errors D The auditor cannot obtain sufficient appropriate evidence and possible effects are material and pervasive

A Obtain reasonable assurance that the statements are free from material misstatement due to fraud or error B Prevent all fraud personally C Guarantee detection of every fraud D Replace management's controls

A Measuring, analyzing, and controlling costs B Auditing only banks C Preparing only tax returns D Recording only share issues

A A cost that is never allocated B A cost that changes only with sales price C A cost of raw material used in one product only D A cost that cannot be economically traced directly to a specific cost object

A Factory supervisor salary B Office electricity C Timber used in a specific table D Factory rent

A A cost that changes in total in direct proportion to output B A cost that remains constant in total within a relevant range as activity changes C A cost that is always zero D A cost that varies only with inflation

A A cost that is never part of production B A cost that changes in total in relation to activity level C A cost that is always a sunk cost D A cost that is constant in total at all output levels