Essay on Audit Chapter 1

2742 Words Nov 7th, 2015 11 Pages
CHAPTER 1

Multiple-Choice Questions

|1. |Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial |
|easy |information for decision making is commonly called: |
|c |a. finance. |
| |b. auditing. |
| |c. accounting.
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|Any service that requires a CPA firm to issue a report about the reliability of an assertion that is made by another |
|easy |party is a(n): |
|b |a. accounting and bookkeeping service. |
| |b. attestation service. |
| |c. assurance service. |
| |d. tax service. |
| | |
|4. |Three common types of attestation services are: |
|easy |a. audits, reviews, and “other” attestation services. |
|a |b. audits, verifications, and “other” attestation services. |

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