1.The most important general ledger account included in and affecting several cycles is the:

2. The detail tie-in is part of the_______ assertion for account balances.

3. Management assertions are:

4. The occurrence assertion applies to _______.

5. The detail tie-in objective is not concerned that the details in the account balance:

6. Which of the following statements about the existence and completeness assertions is not true?

7. To be considered reliable evidence, confirmations must be controlled by: [removed][removed][removed][removed][removed][removed][removed][removed]

8. Which of the following is not one of the major types of analytical procedures?[removed][removed][removed][removed]

9. The primary purpose of performing analytical procedures in the planning phase of an audit is to:[removed][removed][removed][removed]

10. The Auditing Standards Board has concluded that analytical procedures are so important that they are required during: [removed][removed][removed][removed]

11. Which of the following is not a correct combination of terms and related type of audit evidence? [removed][removed][removed][removed]

12. Which of the following statements regarding analytical procedures is not correct?[removed][removed][removed][removed]

13. Which of the following normally signs the engagement letter for an audit of a public company? [removed][removed][removed][removed]

14. Which of the following is not likely to be a related party?[removed][removed][removed][removed]

15. An engagement letter sent to an audit client usually would not include a(n)[removed][removed][removed][removed]

16. Which of the following statements is not correct with respect to analytical procedures? [removed][removed][removed][removed]

17. Which of the following is correct with respect to a company’s corporate charter?[removed][removed][removed][removed]

18. The first standard of field work, which states that the work is to be adequately planned and that assistants, if any, are to be properly supervised, recognizes that: [removed][removed][removed][removed]

19. One accounting issue that does not require management to use significant judgments is: [removed][removed][removed][removed]

20. Acceptable audit risk is ordinarily set by the auditor during planning and [removed][removed][removed][removed]

21. If planned detection risk is reduced, the amount of evidence the auditor accumulates will: [removed][removed][removed][removed]

22. When discussing control risk (CR) and the audit risk model, which of the following is false? [removed][removed][removed][removed]

23. When setting a preliminary judgment about materiality: [removed][removed][removed][removed]

24. To what extent do auditors typically rely on internal controls of their public company clients? [removed][removed][removed][removed]

25. A procedure designed to test for monetary misstatements directly affecting the correctness of financial statement balances is a: [removed][removed][removed][removed]

26. Tests of transactions are used to determine whether ___________ have been satisfied. [removed][removed][removed][removed]

27. When the auditor finds that there are missing controls in an area of the accounting system, the audit program in that area would be modified in such a way as to: [removed][removed][removed][removed]

28. Which of the following is not appropriate for purposes of testing the effectiveness of controls?[removed][removed][removed][removed]

29. The primary emphasis in most tests of details of balances is on the [removed][removed][removed][removed]


30. The most important consideration in developing

    • Posted: 5 years ago
    ACC 403 Final Exam

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