Practice Quiz

RTRP - IRS Registered Tax Return Preparer Test - Question List

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21. Which of the following is considered when finalizing an audit team?
  1. Team size
  2. Orientation of the team members
  3. Presence of conflict of interest
  4. Skillset of each member
  5. All of the above
See answer
22. Which of the following is attributed to giving integral role to the internal audit committees?
  1. IFRS
  2. Sarbanes-Oxley Act
  3. ISA
  4. IAS
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23. What happens when an auditor is not able to apply ‘audit procedures’ on a particularly selected item?
  1. No effect on the item
  2. The item is deemed not to be containing any misstatement
  3. The item is deemed as a deviation/misstatement
  4. None of these
See answer
24. What does an ‘anomaly’ refer to in auditing terms?
  1. Another name for the statement of financial position
  2. Another name for the notes to the financial statements
  3. An individual misstatement that is not representative of the population misstatement
  4. An ‘audit test’ related to the statement of comprehensive income
See answer
25. When are audit performed?
  1. Anytime during the financial year
  2. Close to the financial mid-year
  3. After the financial year-end
  4. During the last financial quarter
See answer

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