Free AICPA CPA-Auditing Exam Questions

Become AICPA Certified with updated CPA-Auditing exam questions and correct answers

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Total 1026 Questions | Updated On: Aug 20, 2026

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Question 1

Which of the following factors most likely would cause a CPA to decline to accept a new audit engagement?

A : The CPA does not understand the entity's operations and industry.

B : Management acknowledges that the entity has had recurring operating losses.

C : The CPA is unable to review the predecessor auditor's working papers.

D : Management is unwilling to permit inquiry of its legal counsel.

Answer: D

Question 2

When an auditor submits a document containing audited financial statements to a client, and those financial statements include supplementary information required by GAAP, the auditor may choose any of the following options, except:

A : Express an opinion on the information, if he or she has been engaged to examine such information.

B : Express negative assurance on the information, if review procedures have been appropriately performed.

C : Report on whether the information is fairly stated in relation to the financial statements taken as a whole, if appropriate auditing procedures have been applied.

D : Disclaim an opinion on the information.

Answer: B

Question 3

Which of the following sampling methods would be used to estimate a numerical measurement of a population, such as a dollar value?

A : Discovery sampling.

B : Numerical sampling.

C : Sampling for attributes.

D : Sampling for variables.

Answer: D

Question 4

Which of the following factors would least likely affect the extent of the auditor's consideration of the cIient's internal controls?

A : The amount of time budgeted to complete the engagement.

B : How frequently the control is performed.

C : The expected deviation rate from the control.

D : The extent to which other tests provide evidence about the same assertion.

Answer: A

Question 5

In an audit of an issuer:I. Management must assess and report on internal control.II. The auditor must assess and report on internal control.

A : I only.

B : II only.

C : Either I or II.

D : Both I and II

Answer: D

Page: 1 / 206

Total 1026 Questions | Updated On: Aug 20, 2026

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