WGU Auditing D215 Practice Questions (2nd Part
38-70) – Questions With Fully Explained Solutions
Save
Terms in this set (33)
The technique that involves the inquiry
auditor using questioning skills to
determine how the control is
completed and whether it appears to
have been carried out properly and
on a timely basis is known as
___________________
The procedure that relies on the is known as inspection of physical evidence
auditor testing the physical evidence
to verify that a control has been
performed properly______________________
The auditor testing the effectiveness reperformance
of manual follow-up to see whether
items put on an exception report were
appropriately cleared is an example
of ____________________________
In order to determine the extent of the auditor can use either statistically based sampling
testing of controls techniques or nonstatistical techniques
If tests of controls indicate that a key All of these answer choices are correct
control is not functioning as designed,
3 multiple choice options
and if other compensating controls do
not exist, the auditor should
____________________
, Assertions about classes of occurrence, cutoff, and completeness
transactions and events typically
include
The objective of auditors is to obtain sufficient appropriate audit evidence regarding the
_____________________ assessed risks of material misstatement
If significant fraud risks exists, the respond by including elements of unpredictability in
auditors should_________________________ their audit plan
Auditors will have more confidence in with a client that maintains an effective control
internal controls and audit evidence environment
generated
internally___________________________
Which of the following factors is used Pressure and opportunities for management to
by the audit team to assess the risk of commit forgery
control?
The most important factor when consideration of the nature of the audit procedure
responding to assessed risks is
_______________
A factor that auditors consider when the assessed level of risk for the assertion
determining the type of substantive
procedure to use is ___________________
When conducting a substantive auditors develop an expectation, or estimate, using
analytical procedure______________________ data in the client's records or data from reliable
outside sources, and then compare the expectation
with the client's recorded amount.
The extent of substantive procedures how much testing will be performed within a class of
refers to ____________________________ transactions or account balance
If the risk of material misstatement is then a smaller sample size should be selected
low and detection risk is
high__________________
38-70) – Questions With Fully Explained Solutions
Save
Terms in this set (33)
The technique that involves the inquiry
auditor using questioning skills to
determine how the control is
completed and whether it appears to
have been carried out properly and
on a timely basis is known as
___________________
The procedure that relies on the is known as inspection of physical evidence
auditor testing the physical evidence
to verify that a control has been
performed properly______________________
The auditor testing the effectiveness reperformance
of manual follow-up to see whether
items put on an exception report were
appropriately cleared is an example
of ____________________________
In order to determine the extent of the auditor can use either statistically based sampling
testing of controls techniques or nonstatistical techniques
If tests of controls indicate that a key All of these answer choices are correct
control is not functioning as designed,
3 multiple choice options
and if other compensating controls do
not exist, the auditor should
____________________
, Assertions about classes of occurrence, cutoff, and completeness
transactions and events typically
include
The objective of auditors is to obtain sufficient appropriate audit evidence regarding the
_____________________ assessed risks of material misstatement
If significant fraud risks exists, the respond by including elements of unpredictability in
auditors should_________________________ their audit plan
Auditors will have more confidence in with a client that maintains an effective control
internal controls and audit evidence environment
generated
internally___________________________
Which of the following factors is used Pressure and opportunities for management to
by the audit team to assess the risk of commit forgery
control?
The most important factor when consideration of the nature of the audit procedure
responding to assessed risks is
_______________
A factor that auditors consider when the assessed level of risk for the assertion
determining the type of substantive
procedure to use is ___________________
When conducting a substantive auditors develop an expectation, or estimate, using
analytical procedure______________________ data in the client's records or data from reliable
outside sources, and then compare the expectation
with the client's recorded amount.
The extent of substantive procedures how much testing will be performed within a class of
refers to ____________________________ transactions or account balance
If the risk of material misstatement is then a smaller sample size should be selected
low and detection risk is
high__________________
