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D251 Advanced Auditing bundled exams 2023/2024 with 100% correct answers
D251 Advanced Auditing exam 2023/2024 with 100% correct answers WGU - D251 Advanced Auditing exam with 100% correct answers graded A+
[Meer zien]D251 Advanced Auditing exam 2023/2024 with 100% correct answers WGU - D251 Advanced Auditing exam with 100% correct answers graded A+
[Meer zien]Which phrase or term regarding materiality is used by the Supreme Court of the United States and is not found in FASB Concepts Statements No. 2 
 
in light of surrounding circumstances 
 
significantly altered the total mix of information available 
 
magnitude of an omission or misstatement 
 
prob...
Voorbeeld 4 van de 56 pagina's
In winkelwagenWhich phrase or term regarding materiality is used by the Supreme Court of the United States and is not found in FASB Concepts Statements No. 2 
 
in light of surrounding circumstances 
 
significantly altered the total mix of information available 
 
magnitude of an omission or misstatement 
 
prob...
misstatement 
An error, either intentional or unintentional, that exists in a transaction or financial statement account balance. 
 
 
 
alternative procedures 
Procedures used to obtain evidence about the existence and valuation of accounts receivable when a positive confirmation is not returned, i...
Voorbeeld 4 van de 31 pagina's
In winkelwagenmisstatement 
An error, either intentional or unintentional, that exists in a transaction or financial statement account balance. 
 
 
 
alternative procedures 
Procedures used to obtain evidence about the existence and valuation of accounts receivable when a positive confirmation is not returned, i...
What does SGR stand for? correct answersSustainable growth rate 
 
Define SGR correct answersSGR is the growth rate of sales that can be funded WITHOUT EXTERNAL FINANCING 
 
SGT is supported by CFO (Cash flow operations) 
 
What should you do if forecasted sales are LESS than SGR correct answersBuy ...
Voorbeeld 2 van de 11 pagina's
In winkelwagenWhat does SGR stand for? correct answersSustainable growth rate 
 
Define SGR correct answersSGR is the growth rate of sales that can be funded WITHOUT EXTERNAL FINANCING 
 
SGT is supported by CFO (Cash flow operations) 
 
What should you do if forecasted sales are LESS than SGR correct answersBuy ...
Performance Materiality is also known as _____________. correct answersTolerable Error 
 
Auditor uses Performance Materiality for ____________. correct answersDetermining significant accounts, locations, and audit procedures. 
 
Performance Materiality is what percent of Planning Materiality? corre...
Voorbeeld 3 van de 25 pagina's
In winkelwagenPerformance Materiality is also known as _____________. correct answersTolerable Error 
 
Auditor uses Performance Materiality for ____________. correct answersDetermining significant accounts, locations, and audit procedures. 
 
Performance Materiality is what percent of Planning Materiality? corre...
Trading on the NYSE is executed without a specialist (i.e. a market maker). (T/F) correct answersF 
 
Stocks and bonds are two types of financial instruments (T/F) correct answersT 
 
The matching principle in accrual accounting requires that: 
a. Revenues be recognized when the earnings process is ...
Voorbeeld 4 van de 50 pagina's
In winkelwagenTrading on the NYSE is executed without a specialist (i.e. a market maker). (T/F) correct answersF 
 
Stocks and bonds are two types of financial instruments (T/F) correct answersT 
 
The matching principle in accrual accounting requires that: 
a. Revenues be recognized when the earnings process is ...
1x verkocht
The auditor's judgment concerning the overall fairness of the presentation of financial position, results of operations, and cash flows is applied within the framework of: 
 
A: quality control. 
 
B: generally accepted auditing standards, which include the concept of materiality. 
 
C: the auditor...
Voorbeeld 3 van de 21 pagina's
In winkelwagenThe auditor's judgment concerning the overall fairness of the presentation of financial position, results of operations, and cash flows is applied within the framework of: 
 
A: quality control. 
 
B: generally accepted auditing standards, which include the concept of materiality. 
 
C: the auditor...
What is the materiality level that an auditor uses for determining significant accounts, significant locations, and audit procedures for those accounts and locations? correct answersPerformance materiality 
 
An auditor has determined performance materiality has been set too high at the beginning of...
Voorbeeld 2 van de 6 pagina's
In winkelwagenWhat is the materiality level that an auditor uses for determining significant accounts, significant locations, and audit procedures for those accounts and locations? correct answersPerformance materiality 
 
An auditor has determined performance materiality has been set too high at the beginning of...
What was the auditor's responsibility to detect fraud under SAP 30? 
 
To thoroughly interview key employees 
To conduct statistical regression models 
To be aware of the possibility that irregularities may exist 
To determine if management was giving false statements correct answersc 
 
What we...
Voorbeeld 2 van de 6 pagina's
In winkelwagenWhat was the auditor's responsibility to detect fraud under SAP 30? 
 
To thoroughly interview key employees 
To conduct statistical regression models 
To be aware of the possibility that irregularities may exist 
To determine if management was giving false statements correct answersc 
 
What we...
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