1) The Sarbanes-Oxley Act applies to which of the following companies?
A) All companies
B) Privately held companies
C) Public companies
D) All public companies and privately held companies with assets greater than $500 million
2) Which of the following is considered audit evidence?
A)
Oral statements
made by management
Written
Communications
Auditor
Observation
Y
N
N
B)
Oral statements
made by management
Written
Communications
Auditor
Observation
N
Y
Y
C)
Oral statements
made by management
Written
Communications
Auditor
Observation
Y
Y
Y
D)
Oral statements
made by management
Written
Communications
Auditor
Observation
N
N
Y
3) Evidence is paramount to audit and attestation engagements. List the four basic types of audit evidence.