Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/studb20/public_html/index.php on line 4
 žTESTS - English_for_Finance_and_Banking - Studbook
ГоловнаЗворотній зв'язок

Категорії

загрузка...

English_for_Finance_and_Banking

žTESTS

 

I. Fill in each space with the appropriate words from a, b or c:

 

  1. The accountancy __________ has built up a significant amount of expertise in performing financial statements audits.

a)      circulation;

b)      profession;

c)      examination.

 

  1. If the management is not prepared to take ________ it may be hard to complete the audit.

a)      responsibility;

b)      right;

c)      deviation.

 

  1. Audits cannot be completed without a proper study and evaluation of the __________and assessment of the internal accounting controls.

a)      accounting records;

b)      accounting system;

c)      profit and loss account.

 

  1. The natural finalization of the audit process is the_________, reflecting the auditor’s opinion on the financial statements.

a)      auditor’s report;

b)      accounting records;

c)      accounts audit.

 

  1. Defining the audit _________ the auditor has to decide whether to rely on internal controls or to resort to substantive testing applying analytical review procedures,

a)      magnitude;

b)      deviation;

c)      strategy.

 

II. Which is correct:

 

  1. Financial statements:

 

a)      аудиторська перевірка;

b)      фінансова звітність;

c)      попередній аналіз.

 

  1. Відповідний звіт про прибутки та збитки:

 

a)      the related statement of income;

b)      preliminary analytical review;

c)      indepth audit report.

 

  1. Ревізія рахунків:

 

a)      balance sheet;

b)      profit and loss account;

c)      account(s) audit;

 

  1. The synonym for the word “to examine” is:

 

a)      to complete;

b)      to judge;

c)      to audit.

 

  1. The antonym for the word “accurate” is:

 

a)      precise;

b)      exact;

c)      erroneous.

 

III. Match what statements are true and what are false. Results write to the table:

 

  1. There are different types of audits: statement audits, administrative audits, financial management audits.
  2. Government agencies may sometimes need an indepth audit report, which is usually not confidential.
  3. Auditors do not monitor, they offer an opinion.
  4. The management is not responsible for the reliability of financial information.
  5. Audits cannot be completed without a proper study and evaluation of the accounting system and assessment of the internal accounting controls.
  6. The auditor should not focus on any misstatement whether it is intentional or unintentional.

                                                                                                                  Table

 

1

2

3

4

5

6

True

 

 

 

 

 

 

False

 

 

 

 

 

 

       

IV. Fill the tables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

92