In Documenting the Nature,timing,and Extent of Audit Procedures,the Auditor Should

question 27

Multiple Choice

In documenting the nature,timing,and extent of audit procedures,the auditor should indicate

• A)who authorized the work
• B)the date the work was completed
• C)the results of the review of the work
• D)the date of the review
• E)the results of the risk assessment
• F)both A and C
• G)both B and D
• H)both A and E

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Definitions:

Capital Gain Yield

The change in the price of an investment, measured from the time of purchase to the current or sale time, expressed as a percentage.

Dividend Yield

This is the dividend per share that a company pays out to its shareholders in relation to its stock price, often expressed as a percentage.

Total Return

A comprehensive measure of investment performance that includes both capital appreciation and dividends or interest earned.