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Multiple Choice Questions From Cpa Examinations

The document contains multiple choice questions about internal controls in the acquisition and payment cycle from a CPA exam, including questions about controls over equipment expenditures, analytical procedures related to repairs and maintenance expenses, and auditing income and expense accounts. It also includes discussion questions about verifying property, plant and equipment schedules including beginning balances, additions, disposals, and ending balances. The effects of additions and disposals of equipment on the balance sheet are discussed.

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178 views3 pages

Multiple Choice Questions From Cpa Examinations

The document contains multiple choice questions about internal controls in the acquisition and payment cycle from a CPA exam, including questions about controls over equipment expenditures, analytical procedures related to repairs and maintenance expenses, and auditing income and expense accounts. It also includes discussion questions about verifying property, plant and equipment schedules including beginning balances, additions, disposals, and ending balances. The effects of additions and disposals of equipment on the balance sheet are discussed.

Uploaded by

Rouda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Nama :Roudatul Hasanah

Nim :041611333099

Matkul :Pengauditan II/N/15

MULTIPLE CHOICE QUESTIONS FROM CPA EXAMINATIONS

19-15 (Objective 19-2)


The following questions concern internal controls in the acquisition and payment cycle. Choose the
best response.
a. Which of the following controls will most likely justify a reduced assessed level of control
risk forthe existence assertion for equipment?

(1)Internal auditors periodically select equipment items in the fixed assets master file and
locate the related equipment on company premises.

b. Equipment acquisitions that are misclassified as maintenance expense most likely would be
detected by an internal control that provides for
(3) investigations of variances within a formal budgeting system.

c. Which of the following questions is an auditor least likely to include on an internal control
questionnaire concerning the initiation and execution of equipment transactions?

(4)Are procedures in place to monitor and properly restrict access to equipment?

19-16 (Objective 19-2)


The following questions concern the audit of asset accounts in the acquisition and payment cycle.
Choose the best response.

a. In testing for unrecorded disposals of equipment, an auditor most likely will

(1)select items of equipment from the accounting records and then locate them during the
plant tour.

b. Which of the following analytical procedure results might suggest that certain repairs and
maintenance expenses have been inappropriately capitalized?

(2)The balance in the repairs and maintenance expense account is noticeably lower than
amounts recorded in the past several years.

c. In connection with the audit of the prepaid insurance account, which of the following
procedures is usually not performed by the auditor?

(3)Confirm premium rates with an independent insurance broker.


19-17 (Objective 19-2)
The following questions concern the audit of income and expense accounts. Choose the best
response.
a. The auditor may note that annual depreciation expense is too low for a class of assets by
noting
(4)excessive recurring losses on assets retired.

b. An auditor's principal objective in analyzing repairs and maintenance expense accounts is


to

(3)discover expenditures that were expensed but should have been capitalized.

c. Which of the following comparisons will be most useful to an auditor in auditing an


entity's income and expense accounts?

(3)Current year revenue to budgeted current year revenue

DISCUSSION QUESTIONS AND PROBLEMS

P 19-21 (OBJECTIVE 19-2)

a. Jumlah yang tercantum dalam kolom saldo awal akun diverifikasi dengan memeriksa
saldo akhir yang sudah diaudit dalam arsip audit tahun sebelumnya.Setiap saldo akhir
untuk land,building office,production equipment,office equipment,and it hardware akan
diverfikasi keakuratan matematisnya dari kolom saldo awal.
b. Untuk mendapatkan bukti tentang barang-barang dikolom tambahan,audior akan
memperoleh ifo rinci tentang penambahan individual yang terdiri dari jumlah tambahan
untuk setiap kategori akun dan kemudian memeriksa dokumentasi pendukung.seperti
invoice,purchase contracts,dan receiving reports.Untuk sebagian atau semua masing
masing item yang membentuk jumlah penambahan pada schedule.Untuk akun
building,auditor dapat memeriksa perbuatan properti dan kontrak pembelian.
c. Untuk mendapatkan bukti tentang items di disposal column,auditor akan memperoleh
informasi terperinci tentang individual disposals untuk setiap kategori akun kemudian
memeriksa dokumen pendukung supaya akurat,dengan mencocokkan ke shipping points
dan cash receipts
d. Auditor akan memverifikasi keakuratan matematis dari penjumlahan saldo awal untuk
setiap item properti yang tercantum dalam schedule.Auditor juga akan menghitung ulang
penjumlahan dari jumlah yang tercantum dalam kolom saldo akhir dengan total yang
ditunjukan pada jadwal.Setiap saldo akhir akan dikaitkan dengan saldo buku besar umum
dan total akan ditelusuri ke item baris dalam neraca.
e. (1) Penambahan building dan equipment dapat memengaruhi hutang jangka pendek dan
jangka panjang pada neraca.Pembelian building dan equipment dalam jumlah besar harus
dibiayai dengan penerbitan hutang atau penciptaan sewa modal jangka panjang yang
harus tercermin sebagai kewajiban dineraca.Nantinys ini akan berdampak pada beban
bunga dan akun beban penyusutan.

(2) Disposal of equipment kemungkinan akan berdampak pada akun kas untuk uang tunai
yang diterima dari penjualan barang yang dibuang.akumulasi akun penyusutan untuk
peralatan,dan pendapatan serta pengeluaran lainnyakarena setiap keuntungan atau
kerugian dari penjualan.

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