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ACCT 444 All Week Quiz
ACCT 444 All Week Quiz
[Show more]ACCT 444 All Week Quiz
[Show more]Question
Question 1
3 / 3 pts
(TCO 3) The organization that is responsible for providing oversight for auditors of public companies is called the _____
Auditing Standards Board.
American Institution of Public Accountants.
Accounting Oversight Board.
Public Company Accounting Oversight Board.
Questio...
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Add to cartQuestion
Question 1
3 / 3 pts
(TCO 3) The organization that is responsible for providing oversight for auditors of public companies is called the _____
Auditing Standards Board.
American Institution of Public Accountants.
Accounting Oversight Board.
Public Company Accounting Oversight Board.
Questio...
Question
Question 1
3 / 3 pts
(TCO 4) In connection with the audit of financial statements, an independent auditor could be responsible for failure to detect a material fraud if
statistical sampling techniques were not used on the audit engagement.
the auditor planned the audit in a negligent manner...
Preview 1 out of 4 pages
Add to cartQuestion
Question 1
3 / 3 pts
(TCO 4) In connection with the audit of financial statements, an independent auditor could be responsible for failure to detect a material fraud if
statistical sampling techniques were not used on the audit engagement.
the auditor planned the audit in a negligent manner...
Question
Question 1
3 / 3 pts
(TCO 6) Physical examination is the inspection or count by the auditor of items such as
cash or inventory only.
cash, inventory, canceled checks, and sales documents.
cash, inventory, canceled checks, and tangible fixed assets.
cash, inventory, securities, notes receiva...
Preview 1 out of 3 pages
Add to cartQuestion
Question 1
3 / 3 pts
(TCO 6) Physical examination is the inspection or count by the auditor of items such as
cash or inventory only.
cash, inventory, canceled checks, and sales documents.
cash, inventory, canceled checks, and tangible fixed assets.
cash, inventory, securities, notes receiva...
Question
Question 1
3 / 3 pts
(TCO 5) Which of the following is responsible for establishing a private company's internal control?
Management
Auditors
Management and auditors
Committee of Sponsoring Organizations
Question 2
3 / 3 pts
(TCO 5) Which section of the Sarbanes-Oxley Act requires managemen...
Preview 1 out of 3 pages
Add to cartQuestion
Question 1
3 / 3 pts
(TCO 5) Which of the following is responsible for establishing a private company's internal control?
Management
Auditors
Management and auditors
Committee of Sponsoring Organizations
Question 2
3 / 3 pts
(TCO 5) Which section of the Sarbanes-Oxley Act requires managemen...
Question
Question 1
3 / 3 pts
(TCO 6) The auditor looks for an indication on duplicate sales invoices to see whether the invoices have been verified. This is an example of
a test of details of balances.
a test of control.
a substantive test of transactions.
both a test of control and a substantive t...
Preview 1 out of 3 pages
Add to cartQuestion
Question 1
3 / 3 pts
(TCO 6) The auditor looks for an indication on duplicate sales invoices to see whether the invoices have been verified. This is an example of
a test of details of balances.
a test of control.
a substantive test of transactions.
both a test of control and a substantive t...
ACCT444 Week 6 Quiz Latest 2017
PLEASE SEE THE LAST PAGE FOR ANSWER
Question
Question 1
3 / 3 pts
(TCO 9) The exception rate the auditor will permit in the population and still be willing to reduce the assessed level of control risk is called the
tolerable exception rate.
estimated population except...
Preview 1 out of 3 pages
Add to cartACCT444 Week 6 Quiz Latest 2017
PLEASE SEE THE LAST PAGE FOR ANSWER
Question
Question 1
3 / 3 pts
(TCO 9) The exception rate the auditor will permit in the population and still be willing to reduce the assessed level of control risk is called the
tolerable exception rate.
estimated population except...
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