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AICPA CPA-Auditing Exam - Topic 2 Question 103 Discussion

Actual exam question for AICPA's CPA-Auditing exam

Question #: 103
Topic #: 2

[All CPA-Auditing Questions]

Symbol A most likely represents:

ARemittance advice file.

BReceiving report file.

CAccounts receivable master file.

DCash disbursements transaction file.

Show Suggested Answer

Suggested Answer: C

Choice 'c' is correct. Management's refusal to furnish a written representation letter constitutes a limitation on the scope sufficient to preclude an unqualified opinion.

Choice 'a' is incorrect. Engaging the auditor after the year-end physical count is completed need not preclude an unqualified opinion if the auditor can apply satisfactory alternative audit procedures.

Choice 'b' is incorrect. Failure to correct a material internal accounting control weakness that had been identified during the prior year's audit need not preclude an unqualified opinion, although it may require the auditor to apply extended auditing procedures.

Choice 'd' is incorrect. Inability to review the predecessor's prior year audit documentation may cause the successor auditor more work but need not preclude an unqualified opinion in the current year.

by Edgar at Nov 15, 2024, 11:40 AM

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Alysa

7 months ago

Totally with you on A, it fits perfectly!

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Kristian

8 months ago

Wait, are we sure it's not D? Seems off.

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Mollie

8 months ago

B is actually for receiving reports, not A.

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Margot

8 months ago

I think it's C, makes more sense for accounts.

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Marshall

8 months ago

Definitely A, that's the standard term.

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Luther

9 months ago

I’m leaning towards the receiving report file for A, but I can't recall the exact details. I wish we had more examples to review!

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Markus

9 months ago

I feel like A could also be the cash disbursements transaction file. It’s tricky because they all seem to overlap in function.

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Asuncion

9 months ago

I remember we discussed something similar, and I thought the accounts receivable master file was related to A. But now I'm second-guessing myself.

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Harris

9 months ago

I think Symbol A might be the remittance advice file, but I'm not completely sure. It sounds familiar from our last practice session.

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Carmelina

9 months ago

I'm a bit confused by this question. I'm not sure if I fully understand the differences between these file types. I'll have to make an educated guess.

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Shannon

9 months ago

Okay, let me see. A remittance advice file sounds like the most logical choice here. I'll go with that.

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Franchesca

9 months ago

Hmm, I'm not totally sure about this one. I'll have to think it through carefully before selecting an answer.

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Dorthy

9 months ago

I'm pretty confident this is a remittance advice file, since that's the first option and it seems to fit the context.

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Katie

1 year ago

I'm so hungry, I could eat a whole stack of remittance advices. Or maybe a receiving report file... Hmm, decisions, decisions.

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Salome

1 year ago

Wait, is this a multiple-choice question or a choose-your-own-adventure? I'm feeling adventurous, so I'm gonna go with D - Cash disbursements transaction file. What could possibly go wrong?

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Earleen

1 year ago

User 3: I'll stick with the adventurous choice and go with D - Cash disbursements transaction file.

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Silvana

1 year ago

User 2: I'm going with A - Remittance advice file.

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Quentin

1 year ago

User 1: I think it's C - Accounts receivable master file.

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Leoma

1 year ago

I'm sensing a disturbance in the force... or maybe it's just my stomach rumbling. Anyway, I'm gonna go with C - Accounts receivable master file. It's the safe bet, right?

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Fidelia

1 year ago

Well, we'll find out soon enough which one is correct.

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Hubert

1 year ago

I'm not so sure about that, I'm leaning towards A - Remittance advice file.

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Rana

1 year ago

I'm going with D - Cash disbursements transaction file.

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Lizbeth

1 year ago

I think you're right, C does seem like the safest bet.

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Domonique

1 year ago

Ah, the age-old battle between accounts receivable and cash disbursements. I'm going with B - Receiving report file. It just feels right, you know?

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Rebecka

1 year ago

Hmm, this one's tricky. Remittance advice file seems like the most logical choice, but I can't shake the feeling that it might be a trick question.

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Gayla

1 year ago

I think it's C) Accounts receivable master file.

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Iraida

1 year ago

A) Remittance advice file.

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Margarita

1 year ago

I'm not sure, but I think it could also be the cash disbursements transaction file.

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Dorothea

1 year ago

I agree with Son, because it makes sense for symbol A to be related to accounts receivable.

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Son

1 year ago

I think symbol A represents the accounts receivable master file.

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