Which of the following is an approach used to determine posting materiality?
a. Dual approach.
b. Percentage approach.
c. Qualitative approach.
d....
Which of the following is not a factor adding to the complexity of materiality judgments made by auditors?
Which of the following is not a factor adding to the complexity of materiality judgments made by auditors?
a. Regulators pay particular attention...
Which of the following statements is false regarding materiality judgments?
Which of the following statements is false regarding materiality judgments?
a. Materiality judgments are a matter of professional judgment.
b. Materiality...
Which of the following statements is not true about materiality judgments?
Which of the following statements is not true about materiality judgments?
a. The auditor's consideration of materiality is influenced by the auditor's...
For nonprofit entities, appropriate benchmarks for materiality judgments would include which of the following?
For nonprofit entities, appropriate benchmarks for materiality judgments would include which of the following?
a. Total assets and total liabilities.
b....
When a client has significant and nonrecurring charges to nonoperating expenses, which of the following would be the most appropriate materiality benchmark?
When a client has significant and nonrecurring charges to nonoperating expenses, which of the following would be the most appropriate materiality benchmark?
a....
Although different audit firms take different approaches, performance materiality could be the same as overall materiality, or could be a percentage of overall materiality. Generally this range is which of the following?
Although different audit firms take different approaches, performance materiality could be the same as overall materiality, or could be a percentage...
Performance materiality helps the auditor to determine which of the following?
Performance materiality helps the auditor to determine which of the following?
a. Extent of audit evidence needed.
b. The specific analytical procedures...
Which of the following would not be a reason to lower the threshold for materiality?
Which of the following would not be a reason to lower the threshold for materiality?
a. The auditor is concerned with potential violations of debt...
Which of the following will the auditor will not consider when making a materiality determination?
Which of the following will the auditor will not consider when making a materiality determination?
a. Potential default on loan covenants.
b. Changes...
Which of the following statements is not true regarding the use of a judgmental approach by auditors in determining whether a misstatement is clearly trivial?
Which of the following statements is not true regarding the use of a judgmental approach by auditors in determining whether a misstatement is clearly...
What document is prepared so that auditors can aggregate potential misstatements in order to assess the materiality of misstatements?
What document is prepared so that auditors can aggregate potential misstatements in order to assess the materiality of misstatements?
a. The...
In which of the following cases is it not necessary for an auditor to revise the original materiality level and document the new materiality amount, as well as the rationale for changing the amount?
In which of the following cases is it not necessary for an auditor to revise the original materiality level and document the new materiality amount,...
Almost every asset and liability account requires significant judgments. Which of the following judgments is subject to allowance for uncollectibility?
Almost every asset and liability account requires significant judgments. Which of the following judgments is subject to allowance for uncollectibility?
a....
Which of the following best describes the nature of assets of held-for-sale operations?
Which of the following best describes the nature of assets of held-for-sale operations?
a. Impairment testing based on most likely sale or disposal...
Which of the following statements best describe an issue related to inventory?
Which of the following statements best describe an issue related to inventory?
a. Impairment testing based on most likely sale or disposal price.
b....
Which of the following is least likely to require significant auditor judgment about the dollar amount to be disclosed in the financial statement?
Which of the following is least likely to require significant auditor judgment about the dollar amount to be disclosed in the financial statement?
a....
Which of the following is subject to fair value assessment?
Which of the following is subject to fair value assessment?
a. Marketable securities.
b. Inventory.
c. Property that will be sold.
d. All of the above...
A reference to another auditor under U.S. auditing standards may result in which of the following?
A reference to another auditor under U.S. auditing standards may result in which of the following?
a. A disclaimer of opinion.
b. A qualified audit...
A justified departure from GAAP may result in which of the following?
A justified departure from GAAP may result in which of the following?
a. A disclaimer of an audit opinion.
b. An adverse opinion.
c. An unqualified...
In which of the following instances would an auditor most likely issue a disclaimer of opinion?
In which of the following instances would an auditor most likely issue a disclaimer of opinion?
a. Management will not sign a management representation...
The opinion paragraph of the audit report for Schnook Company states that the financial statements "do not present fairly". Which type of audit report is this?
The opinion paragraph of the audit report for Schnook Company states that the financial statements "do not present fairly". Which type of audit report...
Which of the following would not result in an unqualified audit report with an explanatory paragraph?
Which of the following would not result in an unqualified audit report with an explanatory paragraph?
a. Going concern issue.
b. Scope limitation.
c....
When financial statements contain a material, unjustified departure from GAAP, which of the following is contained in the audit report?
When financial statements contain a material, unjustified departure from GAAP, which of the following is contained in the audit report?
a. A Qualification:...
The division of responsibility between the reporting company's management and the audit firm is described in which one of the following?
The division of responsibility between the reporting company's management and the audit firm is described in which one of the following?
a. Scope...
Which one of the following is an example of the contents of an opinion paragraph found in an audit report?
Which one of the following is an example of the contents of an opinion paragraph found in an audit report?
a. "We have audited ..."
b. "Nothing came...
According to the AICPA, the auditor needs to form an opinion on the financial statements based on an evaluation of the audit evidence obtained. This is stated in which AICPA principle governing an audit conducted in accordance with GAAS?
According to the AICPA, the auditor needs to form an opinion on the financial statements based on an evaluation of the audit evidence obtained. This...
Which of the following is a change not being debated by auditing standard setters and investors?
Which of the following is a change not being debated by auditing standard setters and investors?
a. Adding disclosure about which engagement partner...
A reference to another auditor under U.S. auditing standards may result in which of the following?
A reference to another auditor under U.S. auditing standards may result in which of the following?
a. A disclaimer of opinion.
b. A qualified audit...
A justified departure from GAAP may result in which of the following?
A justified departure from GAAP may result in which of the following?
a. A disclaimer of an audit opinion.
b. An adverse opinion.
c. An unqualified...
In which of the following instances would an auditor most likely issue a disclaimer of opinion?
In which of the following instances would an auditor most likely issue a disclaimer of opinion?
a. Management will not sign a management representation...
The opinion paragraph of the audit report for Schnook Company states that the financial statements "do not present fairly". Which type of audit report is this?
The opinion paragraph of the audit report for Schnook Company states that the financial statements "do not present fairly". Which type of audit report...
Which of the following would not result in an unqualified audit report with an explanatory paragraph?
Which of the following would not result in an unqualified audit report with an explanatory paragraph?
a. Going concern issue.
b. Scope limitation.
c....
When financial statements contain a material, unjustified departure from GAAP, which of the following is contained in the audit report?
When financial statements contain a material, unjustified departure from GAAP, which of the following is contained in the audit report?
a. A Qualification:...
The division of responsibility between the reporting company's management and the audit firm is described in which one of the following?
The division of responsibility between the reporting company's management and the audit firm is described in which one of the following?
a. Scope...
Which one of the following is an example of the contents of an opinion paragraph found in an audit report?
Which one of the following is an example of the contents of an opinion paragraph found in an audit report?
a. "We have audited ..."
b. "Nothing...
According to the AICPA, the auditor needs to form an opinion on the financial statements based on an evaluation of the audit evidence obtained. This is stated in which AICPA principle governing an audit conducted in accordance with GAAS?
According to the AICPA, the auditor needs to form an opinion on the financial statements based on an evaluation of the audit evidence obtained. This...
Which of the following is a change not being debated by auditing standard setters and investors?
Which of the following is a change not being debated by auditing standard setters and investors?
a. Adding disclosure about which engagement partner...
When an auditor lacks independence with respect to a client, which of the following should the auditor issue?
When an auditor lacks independence with respect to a client, which of the following should the auditor issue?
a. A disclaimer of opinion.
b. An adverse...
When there is a restriction on the scope of the internal control over financial reporting (ICFR) engagement, what should the auditor do?
When there is a restriction on the scope of the internal control over financial reporting (ICFR) engagement, what should the auditor do?
a. The...
When the auditor is not independent with respect to a client, what must the auditor do?
When the auditor is not independent with respect to a client, what must the auditor do?
a. Not accept an audit engagement.
b. Include a separate...
When an auditor is faced with a material departure from GAAP that is pervasive, which of the following should the audit report contain?
When an auditor is faced with a material departure from GAAP that is pervasive, which of the following should the audit report contain?
a. An unqualified...
Which of the following phrases should not be used when the auditor is qualifying the audit opinion?
Which of the following phrases should not be used when the auditor is qualifying the audit opinion?
a. Except for.
b. Subject to.
c. With the exception...
Qualified opinions can only be issued by auditors for which of the following?
Qualified opinions can only be issued by auditors for which of the following?
a. Violations of GAAP.
b. Scope limitations.
c. Lack of independence.
d....
How would the auditor categorize a situation when the financial statements do not contain a footnote the auditor believes is necessary for fair presentation?
How would the auditor categorize a situation when the financial statements do not contain a footnote the auditor believes is necessary for fair presentation?
a....
When the financial statements contain a material departure from GAAP that the auditor believes is justified, where should the justification appear?
When the financial statements contain a material departure from GAAP that the auditor believes is justified, where should the justification appear?
a....
The scope paragraph of an unqualified opinion primarily gives information relating to which of the following?
The scope paragraph of an unqualified opinion primarily gives information relating to which of the following?
a. The division of responsibilities.
b....
According to the AICPA principles, which of the following is incorrect?
According to the AICPA principles, which of the following is incorrect?
a. If the auditor has reservations about the fairness of financial statement...
In which of the following situations would the auditor modify the audit report on ICFR?
In which of the following situations would the auditor modify the audit report on ICFR?
a. The auditor identifies multiple unrelated significant...
The auditor of a large U.S. public company has determined that a material weakness exists in the client's ICFR. Which of the following statements is true?
The auditor of a large U.S. public company has determined that a material weakness exists in the client's ICFR. Which of the following statements is...
Tread Corp. accounts for the effect of a material accounting change prospectively, when the inclusion of the cumulative effect of the change is required in the current year. The auditor would choose which of the following opinions?
Tread Corp. accounts for the effect of a material accounting change prospectively, when the inclusion of the cumulative effect of the change is required...
In which of the following situations would an auditor usually choose between issuing a qualified opinion and issuing a disclaimer of opinion?
In which of the following situations would an auditor usually choose between issuing a qualified opinion and issuing a disclaimer of opinion?
a....
Choose the option that best describes the relationship between the cell wall thickness of parenchyma cells versus sclerenchyma cells.
Choose the option that best describes the relationship between the cell wall thickness of parenchyma cells versus sclerenchyma cells.
A) The...
The total number of genes in a species' genome is not necessarily a good indicator of biological complexity because
The total number of genes in a species' genome is not necessarily a good indicator of biological complexity because
A) most genes are never...
Studies using Arabidopsis thaliana have led to important advances in all of the following except
Studies using Arabidopsis thaliana have led to important advances in all of the following except
A) gene mapping.
B) impact of point mutations...
One major advantage of using Arabidopsis thaliana as a model system for studies of plant form and function is its
One major advantage of using Arabidopsis thaliana as a model system for studies of plant form and function is its
A) fast generation time.
B)...
As hominins diverged from other primates, which of the following appeared first?
As hominins diverged from other primates, which of the following appeared first?
A) reduced jawbones
B) language
C) bipedal locomotion
D) the making...
Which clade does not include humans?
Which clade does not include humans?
A) synapsids
B) lobe-fins
C) diapsids
D) craniates
E) osteichthyans
Answer:...
Unlike eutherians, both monotremes and marsupials
Unlike eutherians, both monotremes and marsupials
A) lack nipples.
B) have some embryonic development outside the uterus.
C) lay eggs.
D) are...
Which of the following could be considered the most recent common ancestor of living tetrapods?
Which of the following could be considered the most recent common ancestor of living tetrapods?
A) a sturdy-finned, shallow-water lobe-fin...
Some animals that lived 530 million years ago resembled lancelets but had a brain and a skull. These animals may represent
Some animals that lived 530 million years ago resembled lancelets but had a brain and a skull. These animals may represent
A) the first chordates.
B)...
Vertebrates and tunicates share
Vertebrates and tunicates share
A) jaws adapted for feeding.
B) a high degree of cephalization.
C) the formation of structures from the neural...
In the United States and Canada, bats use one of two strategies to survive winter: They either migrate south, or they hibernate. Recently, those that hibernate seem to have come under attack by a fungus, Geomyces destructans (Gd), an attack that is occurring from Missouri to southern Canada. Many infected bats have a delicate, white filamentous mat on their muzzles, which is referred to as white-nose syndrome (WNS). The fungus invades the bat tissues, causes discomfort, and awakens the bat from its hibernation. The bat fidgets and wastes calories, using up its stored fat. The bat then behaves abnormally, leaving its cave during daytime in winter to search for food. Their food, primarily insects, is scarce during the winter, and the bats ultimately starve to death. Since 2007, it is estimated that up to 1 million bats have perished from WNS.
In the United States and Canada, bats use one of two strategies to survive winter: They either migrate south, or they hibernate. Recently, those that...
Due to its system of nine air sacs connected to the lungs, the respiratory system of birds is arguably the most effective respiratory system of all air-breathers. Upon inhalation, air first flows into posterior air sacs, then into the lungs, and then into anterior air sacs on the way to being exhaled. Thus, there is one-way flow of air through the lungs, along thousands of tubules called parabronchi.
Due to its system of nine air sacs connected to the lungs, the respiratory system of birds is arguably the most effective respiratory system of all...
While on an intersession course in tropical ecology, Kris pulls a large, snakelike organism from a burrow (the class was granted a collecting permit). The 1-m-long organism has smooth skin, which appears to be segmented. It has two tiny eyes that are hard to see because they seem to be covered by skin. Kris brings it back to the lab at the field station, where it is a source of puzzlement to the class. Kris says that it is a giant oligochaete worm; Shaun suggests it is a legless amphibian; Kelly proposes it belongs to a snake species that is purely fossorial (lives in a burrow).
While on an intersession course in tropical ecology, Kris pulls a large, snakelike organism from a burrow (the class was granted a collecting permit)....
Terry catches a ray-finned fish from the ocean and notices that attached to its flank is an equally long, snakelike organism. The attached organism has no external segmentation, no scales, a round mouth surrounded by a sucker, and two small eyes. Terry thinks it might be a marine leech, a hagfish, or a lamprey.
Terry catches a ray-finned fish from the ocean and notices that attached to its flank is an equally long, snakelike organism. The attached organism...
If a ray-finned fish is to both hover (remain stationary) in the water column and ventilate its gills effectively, then what other structure besides its swim bladder will it use?
If a ray-finned fish is to both hover (remain stationary) in the water column and ventilate its gills effectively, then what other structure besides...
Which of the following is a cluster of genes coding for transcription factors involved in the evolution of innovations in early vertebrate nervous systems and vertebrae?
Which of the following is a cluster of genes coding for transcription factors involved in the evolution of innovations in early vertebrate nervous systems...
At least one of these has been found in all species of eumetazoan animals studied thus far.
At least one of these has been found in all species of eumetazoan animals studied thus far.
A) Hox
B) Dlx
C) Otx
D) FOXP2
E) more than one...
Which of the following is the most specific group that includes both the Old World monkeys and the New World monkeys?
Which of the following is the most specific group that includes both the Old World monkeys and the New World monkeys?
A) apes
B) Homo
C) anthropoids
D)...
Which of the following is the most inclusive (most general) group, all of whose members have fully opposable thumbs?
Which of the following is the most inclusive (most general) group, all of whose members have fully opposable thumbs?
A) apes
B) Homo
C) anthropoids
D)...
Which of the following is the most inclusive (most general) group, all of whose members have foramina magna centrally positioned in the base of the cranium?
Which of the following is the most inclusive (most general) group, all of whose members have foramina magna centrally positioned in the base of the...
Which of the following statements is correct in regard to Homo erectus?
Which of the following statements is correct in regard to Homo erectus?
A) Their fossils are not limited to Africa.
B) On average, H. erectus...
The oldest fossil remains of Homo sapiens found so far date from about
The oldest fossil remains of Homo sapiens found so far date from about
A) 6 million years ago.
B) 1.6 million years ago.
C) 195,000 years...
Which of these statements about human evolution is correct?
Which of these statements about human evolution is correct?
A) The ancestors of Homo sapiens were chimpanzees.
B) Human evolution has proceeded...
With which of the following statements would a biologist be most inclined to agree?
With which of the following statements would a biologist be most inclined to agree?
A) Humans and apes represent divergent lines of evolution...
Which of these species had members who moved out of Africa?
Which of these species had members who moved out of Africa?
A) H. erectus
B) H. ergaster
C) H. habilis
D) H. sapiens
E) both H. sapiens and...
Which of these species is currently thought to have coexisted (at the same time and places) with H. neanderthalensis?
Which of these species is currently thought to have coexisted (at the same time and places) with H. neanderthalensis?
A) H. erectus
B) H....
Which of these species was the first to have some members migrate out of Africa?
Which of these species was the first to have some members migrate out of Africa?
A) Australopithecus garhi
B) H. erectus
C) H. ergaster
D)...
Which of these species was apparently the first to craft stone tools?
Which of these species was apparently the first to craft stone tools?
A) Australopithecus garhi
B) H. erectus
C) H. ergaster
D) H. habilis
E)...
Which of these species was the first to have been adapted for long-distance bipedalism?
Which of these species was the first to have been adapted for long-distance bipedalism?
A) Australopithecus garhi
B) HA erectus
C) HA ergaster
D)...
Which of the following are considered apes?
Which of the following are considered apes?
A) lorises
B) New World monkeys
C) Old World monkeys
D) orangutans
E) tarsiers
Answer:...
Which of the following statements about human evolution is correct?
Which of the following statements about human evolution is correct?
A) Modern humans are the only human species to have evolved on Earth.
B)...
Which of these traits is most strongly associated with the adoption of bipedalism?
Which of these traits is most strongly associated with the adoption of bipedalism?
A) fingerprints
B) enhanced depth perception
C) shortened...
Arrange the following taxonomic terms from most inclusive (most general) to least inclusive (most specific). 1. apes 2. hominins 3. Homo 4 anthropoids 5. primates
Arrange the following taxonomic terms from most inclusive (most general) to least inclusive (most specific).1. apes2. hominins3. Homo4 anthropoids5....
What is the single unique characteristic that distinguishes extant birds from other extant vertebrates?
What is the single unique characteristic that distinguishes extant birds from other extant vertebrates?
A) endothermy
B) feathers
C) an amniotic...
Which of the following are the most abundant and diverse of the extant vertebrates?
Which of the following are the most abundant and diverse of the extant vertebrates?
A) ray-finned fishes
B) birds
C) amphibians
D) nonbird...
Internal fertilization, leathery amniotic egg, and skin that resists drying are characteristics of
Internal fertilization, leathery amniotic egg, and skin that resists drying are characteristics of
A) amphibians.
B) nonbird reptiles.
C) chondrichthyans.
D)...
Their scales most closely resemble teeth in both structure and origin.
Their scales most closely resemble teeth in both structure and origin.
A) amphibians
B) nonbird reptiles
C) chondrichthyans
D) mammals
E) osteichthyans
Answer:...
In which vertebrates is fertilization exclusively internal?
In which vertebrates is fertilization exclusively internal?
A) chondrichthyans, osteichthyans, and mammals
B) amphibians, mammals, and reptiles
C)...
Female birds lay their eggs, thereby facilitating flight by reducing weight. Which "strategy" seems most likely for female bats to use to achieve the same goal?
Female birds lay their eggs, thereby facilitating flight by reducing weight. Which "strategy" seems most likely for female bats to use to achieve the...
Which of the following represents the strongest evidence that two of the three middle ear bones of mammals are homologous to certain reptilian jawbones?
Which of the following represents the strongest evidence that two of the three middle ear bones of mammals are homologous to certain reptilian jawbones?
A)...
Which of these would a paleontologist be most likely to do in order to determine whether a fossil represents a reptile or a mammal?
Which of these would a paleontologist be most likely to do in order to determine whether a fossil represents a reptile or a mammal?
A) Look...
Among extant vertebrates, a sheet of muscle called the diaphragm is found in
Among extant vertebrates, a sheet of muscle called the diaphragm is found in
A) birds.
B) monotremes.
C) marsupials.
D) placentals.
E) Three...
During chordate evolution, what is the sequence (from earliest to most recent) in which the following structures arose? 1. amniotic egg 2. paired fins 3. jaws 4. swim bladder 5. four-chambered heart
During chordate evolution, what is the sequence (from earliest to most recent) in which the following structures arose?1. amniotic egg2. paired fins3....
Why is the discovery of the fossil Archaeopteryx significant? It supports the
Why is the discovery of the fossil Archaeopteryx significant? It supports the
A) phylogenetic relatedness of birds and reptiles.
B) contention...
Examination of the fossils of Archaeopteryx reveals that, in common with extant birds, it had
Examination of the fossils of Archaeopteryx reveals that, in common with extant birds, it had
A) a long tail containing vertebrae.
B) feathers.
C)...
Which of the following are the only extant animals that descended directly from dinosaurs?
Which of the following are the only extant animals that descended directly from dinosaurs?
A) lizards
B) crocodiles
C) snakes
D) birds
E) tuataras
Answer:...
At the end of which era did most dinosaurs and pterosaurs become extinct?
At the end of which era did most dinosaurs and pterosaurs become extinct?
A) Cretaceous
B) Permian
C) Devonian
D) Ordovician
E) Triassic
Answer:...
Which of the following is characteristic of most extant reptiles and most extant mammals?
Which of the following is characteristic of most extant reptiles and most extant mammals?
A) ectothermy
B) diaphragm
C) shelled eggs
D) keratinized...
Which of these characteristics added most to vertebrate success in relatively dry environments?
Which of these characteristics added most to vertebrate success in relatively dry environments?
A) the shelled, amniotic egg
B) the ability...
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