Shared Flashcard Set

Details

Advanced Auditing
This covers questions for SAS 73
6
Accounting
Graduate
11/11/2009

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Cards

Term

What statement is not true when SAS 73 is applicable?

 

When management engages or employs a specialist and the auditor uses that specialist work as evidential matter in performing sustantive tests to evaluate material financial statements assertions   (True/False)

Definition

 

 

True

Term

Which statement is not true when SAS 73 is applicable?

 

When the auditor engages a specialist and uses that specialist's work as evidential matter in performing substantive tests to evaluate material financial statement assertions (True/False)

Definition

 

 

True

Term

SAS 73 requires the auditor to...

 

evaluate the professional qualifications of the specialist  (True/False)

Definition

 

 

True

Term

SAS 73 requires the auditor to...

 

obtain an understanding of the nature and scope of the specialist's work (True/False)

Definition

 

 

True

Term

SAS 73 requires the auditor to...

 

disregard the specialist's relationship to the client and not evaluate whether the specialist findings support the related assertions in the financial statement (True/False) 

Definition

 

False

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