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AICPA CPA-Auditing Exam - Topic 1 Question 51 Discussion

Actual exam question for AICPA's CPA-Auditing exam
Question #: 51
Topic #: 1
[All CPA-Auditing Questions]

The auditor's report on internal controls and compliance with laws and regulations in accordance with Government Auditing Standards (the Yellow Book), is required to include:

i. The scope of the auditor's testing of internal controls.

ii. Uncorrected misstatements that were determined by management to be immaterial.

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Suggested Answer: A

Choice 'a' is correct. The scope of the auditor's testing of internal controls is required to be included in the auditor's report on internal controls and compliance with laws and regulations in accordance with Government Auditing Standards (the Yellow Book).

Choices 'b' and 'c' are incorrect. Immaterial uncorrected misstatements are not included in the auditor's report on internal controls and compliance with laws and regulations.

Choice 'd' is incorrect. The scope of the auditor's testing of internal controls is required to be included in the auditor's report on internal controls and compliance with laws and regulations in accordance with Government Auditing Standards (the Yellow Book).


by Graciela at May 06, 2022, 08:58 PM

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Daniela
4 months ago
Definitely both I and II, that's standard practice!
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Brock
4 months ago
I think it's just I, not both.
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Colette
4 months ago
Wait, uncorrected misstatements? That seems odd.
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Amber
4 months ago
Totally agree, both I and II are necessary!
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Ronny
5 months ago
The auditor's report must include the scope of testing.
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Leonie
5 months ago
I think the key is to make the assignments meaningful and useful for the exam. Providing a review session and reinforcers could be helpful, but the core strategy should be aligning the assignments with the test content.
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Merlyn
5 months ago
I'm confident I know the answer to this one. The type of resource permission needed to configure the permission data for an SPL page is Page.
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Youlanda
5 months ago
Ah, I remember learning about this in my Veritas InfoScale training. The vxlicense utility is the one used to upgrade the license key when a product or older license is already installed. I'm feeling good about this one.
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Lisandra
5 months ago
Okay, this looks straightforward. I just need to calculate the Herfindahl Hirschman Index (HHI) based on the information given about the industry.
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Nikita
5 months ago
This is a straightforward SWOT question, so I should be able to handle it. I'll review the SWOT framework quickly before answering.
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