Auditor Tests

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TESTPORT IQ

1 / 21

Which factories have production results higher than 550 in 2016?

2 / 21

Which number should come next in the series?
1 – 1 – 2 – 3 – 5 – 8 – 13

3 / 21

Adam needs 13 bottles of water from the store. Adam can only carry 3 at a time. What’s the minimum number of trips Adam needs to make to the store?

4 / 21

How many four-sided figures appear in the diagram below?

5 / 21

How many of the five pairs below are exact duplicates?

https://beatthewonderlic.com/wp-content/uploads/2017/04/Duplicates-practice-question-wonderlic-test-3-min.png

6 / 21

Solve for X:

7 / 21

Which one of the five is least like the other four?

8 / 21

Mary, who is sixteen years old, is four times as old as her brother. How old will Mary be when she is twice as old as her brother?

9 / 21

SUNDAY
MONDAY
TUESDAY
WEDNESDAY
THURSDAY
FRIDAY
SATURDAY
What day comes three days after the day which comes two
days after the day which comes immediately after the day
which comes two days after Monday?

10 / 21

What is an average of the following numbers: 2, 4, 5, 6, 8?

11 / 21

Which larger shape would be made if the two sections are fitted together?

12 / 21

Which image should be next in the sequence?

13 / 21

What is the next correct letter in the following sequence: A, B, D, G, … ?

14 / 21

Which one of the figures below is incorrect?

15 / 21

Which one of the five choices makes the best comparison?

PEACH is to HCAEP as 46251 is to:

16 / 21

Which of the following series of numbers would not create an identical number when rotated 180 degrees?

17 / 21

If you rearrange the letters “CIFAIPC” you would have the name of a(n):

18 / 21

Which one of the following things is the least like the others?

19 / 21

Please consider the following production results of 5 factories.

How many factories have production results higher than 300 in 2015?

20 / 21

Choose the number that is 1/4 of 1/2 of 1/5 of 200:

21 / 21

What letter can replace the question mark to create a word?

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TESTPORT ENGLISH

1 / 29

I haven’t got ……

2 / 29

….. Caviar in the fridge.

3 / 29

George….. fly to Stockholm tomorrow.

4 / 29

David is the boss, you need to speak to …..

5 / 29

Select the correct Sentence

6 / 29

Every year,he goes to the coast for his holidays ….

7 / 29

There is ………. of beer left from the party

 

8 / 29

Michael………Paris in the morning

9 / 29

Select the correct Sentence

10 / 29

I’m going out …….some cigarettes

11 / 29

He goes to work …..

12 / 29

We haven’t got ….. mineral water.

13 / 29

Select the correct Sentence

14 / 29

He ….. breakfast yesterday

15 / 29

Select the correct Sentence

16 / 29

I’ve lost my keys. I can’t find them …..

17 / 29

We’ll never get to the airport! There is ….. time!

18 / 29

There ….. hooligans at the match, for a change.

19 / 29

“….. have you been going out with him?” “Only a few months”

20 / 29

Don’t start ….. That’s for babies!

21 / 29

They weren’t happy about the new cat, and frankly, nor …. I.

22 / 29

We’ve been living in the new house…just over a year ago.

23 / 29

That can’t be Albert! I………….

24 / 29

You live upstairs from me,……….

25 / 29

Micheal ….for the Bank since last year.

26 / 29

Tom ….. Elizabeth to go to the hospital

27 / 29

They weren’t invited to the party, and nor …. I.

28 / 29

I haven’t had lunch with my mother ….. a year ago.

29 / 29

There ….. spectators at the match.

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TESTPORT ACCOUNTING

1 / 28

The two main methods of bookkeeping and accounting are 1) the cash method, and 2) the ____ method.

 

2 / 28

When using the statement of cash flows to evaluate a company’s continuing solvency, the most important factor to consider is the cash

3 / 28

The financial statement that provides a summary of the firm’s operations for a period of time is the

4 / 28

Bertram Company had a balance of $100,000 in Retained Earnings at the beginning of the year and

$125,000 at the end of the year. Net income for this time period was $40,000. Bertram’s Statement

of Financial Position indicated that Dividends Payable had decreased by $5,000 throughout the year,

despite the fact that both cash dividends and a stock dividend were declared. The amount of the

stock dividend was $8,000. When preparing its Statement of Cash Flows for the year, Bertram

should show Cash Paid for Dividends as

5 / 28

All of the following are elements of an income statement except

6 / 28

A change in the estimate for bad debts should be

7 / 28

Adam Retailing Company prices its products by adding 30% to its cost. Adam anticipates sales

of $715,000 in July, $728,000 in August, and $624,000 in September. Adam ’s policy is to have on

hand enough inventory at the end of the month to cover 25% of the next month’s sales. What will be

the cost of the inventory that Adam should budget for purchase in August?

8 / 28

A machine price was $1,000 and was carried through a truck. The truck’s fares were $500. The engineers charged $500 for the installation. The cost of the machine is?

9 / 28

When identifying fixed and variable costs, which one of the following is a typical assumption

concerning cost behavior?

 

 

10 / 28

An item of equipment cost $300,000 and has a residual value of $50,000 at the end of its expected useful life of four years. What is the depreciable amount?

11 / 28

Raw materials that are remaining at the end of the reporting period are treated as

12 / 28

A store that sells expensive custom-made jewelry is most likely to determine its cost of goods

sold using

 

13 / 28

A bank overdraft is shown as a/an _____ balance in the bank statement.

14 / 28

A company had 130,000 shares of common stock outstanding on January 1 and sold 30,000

additional shares on March 30. Net income for the year was $495,625. What are earnings per

share?

15 / 28

Which from the following is included in the cost of purchases?

16 / 28

The collection of accounts receivable is recorded by a

17 / 28

Cheques issued but not presented, cause the bank statement balance to be ________  the cash book balance.

18 / 28

The capital of a business is $100,000 and the liabilities are $40,000. What are the total assets?

19 / 28

A purchasing agent wants to know the dollar amount of inventory purchased on account during

the year from a particular supplier. Where is the easiest place to find this information?

 

20 / 28

A debit entry usually represents

21 / 28

The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as

22 / 28

Gross profit is

23 / 28

Goods which originally cost $800 were sold for $1,000. In the accounting equation Net Assets will

24 / 28

A company sold goods worth $5,000 on 5 June and $10,000 on 28 June. The company received the first payment on 25 June and second on 7 July. The company prepared the financial statement on 30 June. What would be the total sale on the financial statement?

25 / 28

What standards are used to prepare financial statements by most of the countries and companies

26 / 28

Advance payments are recognized as

27 / 28

What from the following is NOT a non-current asset?

28 / 28

The correct form of Accounting equation is

 

 

 

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TESTPORT AUDIT

1 / 35

. Which of the following procedures would an auditor generally perform regarding subsequent events?

2 / 35

Which of the following matters is included in a typical comfort letter?

3 / 35

Which of the following is an element of a CPA firm’s quality control policies and procedures applicable to the firm’s accounting and auditing practice?

4 / 35

Confirmation of accounts receivable that have been categorized initially by an auditor as “exceptions” most likely could be due to

5 / 35

In performing substantive tests regarding the granting of stock options to senior management of an issuer, an auditor most likely would

6 / 35

Which of the following factors most likely would heighten an auditor’s concern about the risk of material misstatement arising from the misappropriation of assets?

7 / 35

An auditor of a nonissuer may not issue a qualified opinion when

8 / 35

According to rules issued under the Sarbanes-Oxley Act, which of the following non-audit services is an accounting firm permitted to provide for an issuer audit client without impairing the accounting firm’s independence?

9 / 35

Before accepting an audit engagement, a CPA should evaluate whether conditions exist that raise questions as to the integrity of management. Which of the following conditions most likely would raise such questions?

10 / 35

During an engagement to compile the financial statements of a non-issuer, an accountant becomes aware that management had stated land at appraised value and that, if GAAP had been followed, both the land account and stockholders’ equity would have been decreased by $1 million, a material amount. The accountant decides to modify the standard compilation report because management will not revise the financial statements. Under these circumstances, the accountant should

11 / 35

Which of the following sampling methods would an auditor use to estimate a numerical measurement of a population, such as the dollar value of inventory?

12 / 35

An accountant has been engaged to compile a non-issuer’s financial statements that contain several misapplications of accounting principles and unreasonable accounting estimates. Management is unwilling to revise the financial statements, and the accountant believes that modification of the standard compilation report is not adequate to communicate the deficiencies. Under these circumstances, the accountant should

13 / 35

In selecting an appropriate sample for a substantive test, the auditor most likely would stratify the population if the

14 / 35

Which of the following factors most likely would be considered an inherent limitation to an entity’s internal control?

15 / 35

Which of the following factors most likely would cause an accountant not to accept an engagement to compile the financial statements of a non-issuer?

16 / 35

Which of the following procedures would an accountant least likely perform during an engagement to review the financial statements of a nonissuer?

17 / 35

Which of the following factors most likely would cause a CPA not to accept a new audit engagement?

18 / 35

Which of the following procedures would an auditor most likely perform to obtain evidence about the occurrence of subsequent events?

19 / 35

Which of the following statements would most likely appear in an auditor’s engagement letter?

20 / 35

An auditor decides to use the blank form of positive accounts receivable confirmation. The auditor should be aware that the blank form may be ineffective because

21 / 35

Which of the following circumstances most likely would cause an auditor to suspect that there are material misstatements in an entity’s financial statements?

22 / 35

A CPA was engaged to calculate the rate of return on a specified investment according to an agreed upon formula and verify that the resultant percentage agrees to the percentage in an identified schedule. The CPA’s report on these agreed-upon procedures should contain

23 / 35

Which of the following procedures does a CPA usually perform when reviewing the financial statements of a nonissuer?

24 / 35

Which of the following activities is not an element of a CPA firm’s quality control system to be considered in establishing quality control policies and procedures?

25 / 35

When assessing an internal auditor’s objectivity, an independent auditor should

26 / 35

In searching for unrecorded liabilities, an auditor most likely would examine the

27 / 35

Which of the following characteristics most likely would heighten an auditor’s concern about the risk of material misstatements arising from fraudulent financial reporting?

28 / 35

The purpose of establishing quality control policies and procedures for deciding whether to accept or continue a client relationship is to

29 / 35

Which of the following statements is correct concerning both an engagement to compile and an engagement to review a nonissuer’s financial statements?

30 / 35

Which of the following procedures would a CPA most likely include in planning a financial statement audit?

31 / 35

Which of the following is an element of a CPA firm’s quality control policies and procedures applicable to the firm’s auditing practice?

32 / 35

An auditor is selecting prenumbered purchase orders for testing an entity’s internal control activities related to their proper approval before office equipment is ordered. The auditor is matching random numbers with the purchase order numbers to determine which purchase orders to inspect. If a random number matches a voided purchase order, the auditor ordinarily would replace the voided purchase order with another if the voided purchase order

33 / 35

An audit client has a valid reason for requesting that a certain account receivable that the auditor has selected for confirmation not be confirmed. Under these circumstances, the auditor should

34 / 35

If the objective of an auditor’s test of details is to detect the overstatement of sales, the auditor should trace transactions from the

35 / 35

A compilation of financial statements in accordance with Statements on Standards for Accounting and Review Services is limited to presenting