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AICPA CPA-Auditing Exam - Topic 1 Question 44 Discussion

Actual exam question for AICPA's CPA-Auditing exam
Question #: 44
Topic #: 1
[All CPA-Auditing Questions]

When auditing an entity's financial statements in accordance with Government Auditing Standards (the Yellow Book), an auditor is required to report on:

i. Recommendations for actions to improve operations.

ii. The scope of the auditor's tests of compliance with laws and regulations.

Show Suggested Answer Hide Answer
Suggested Answer: B

Choice 'b' is correct. When auditing an entity's financial statements in accordance with Government Auditing Standards, an auditor is required to report on the scope of the auditor's testing of compliance with laws and regulations, but not on recommendations for actions to improve operations.

Choices 'a', 'c', and 'd' are incorrect based on the above Explanation: .


by Thurman at May 07, 2022, 01:59 PM

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Jules
4 months ago
The Yellow Book covers both recommendations and compliance scope.
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Shaunna
4 months ago
Totally agree, both should be reported!
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Brynn
4 months ago
Wait, are we sure about that?
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Leonardo
4 months ago
I only is not enough.
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Thaddeus
5 months ago
Both I and II are required!
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Victor
5 months ago
This looks like a recursive function to calculate the factorial of a number. I'll need to carefully trace the execution to determine the result.
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Tanesha
5 months ago
Hmm, I'm a bit unsure about this one. The options seem similar, but I'll try to identify the key distinguishing factors between them.
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Darrel
5 months ago
I'm not sure about the use of PropValue() here. I'll need to double-check the documentation to make sure I understand how to properly reference the Abbrev and Descr fields.
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