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WGU D251 OA NEWEST 2026/2027 / WGU D251
ADAVANCED AUDITING OBJECTIVE ASSESSMENT
TEST BANK ACTUAL EXAM NEWEST 2026/2027
ACTUAL EXAM COMPLETE 400 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||NEWEST EXAM!!!
Which factor should lead an auditor to assess inherent risk
as high?
a. The account balance consists of a high volume of
routine transactions
b. The account balance consists of a large number of
complex transactions
c. The account balance is subject to a large number of
routine year-end adjustments
d. The account balance requires a high level of client
estimation, which the auditor has audited - ANSWER-b.
The account balance consists of a large number of
complex transactions
Which factor would lead an auditor to assess client
business risk at a higher level?
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a. The overall business climate for the client appears to be
mixed for the foreseeable future
b. The client has hired somewhat experienced personnel
to deal with industry changes
c. The client's use of information technology is
incompatible across systems and processes - ANSWER-c.
The client's use of information technology is incompatible
across systems and processes
An auditor determines overall materiality of $500,000
would be material to the income statement and
$1,000,000 would be material to the balance sheet. Which
amount would an auditor typically assess performance
materiality to be for this client?
a. $1,000,00
b. 75% of $1,000,000
c. 75% of $500,000
d. $500,000 - ANSWER-c. 75% of $500,000
At which percentage do auditors commonly set posting
materiality?
a. 5 % of planning materiality
b. 6 % of performance materiality
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c. 5 % of performance materiality
d. 6 % of planning materiality - ANSWER-a. 5 % of
planning materiality
What is quantitative evaluation?
a. Determining whether sample failures are systematic or
random
b. Determining the level at which a control's failure to
operate effectively would likely be present in the remainder
of the population
c. Determining whether sample failures are intentional or
unintentional
d. Determining whether the upper limit of the possible
deviation rate exceeds the tolerable deviation rate -
ANSWER-d. Determining whether the upper limit of the
possible deviation rate exceeds the tolerable deviation
rate
In which circumstance would an auditor change an audit
objective to estimating the correct value?
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a. When the total estimated misstatement exceeds the
tolerable misstatement b. When the expected
misstatement is less than the tolerable misstatement
c. When an internal control is not working properly
d. When an account balance reflects an understatement -
ANSWER-a. When the total estimated misstatement
exceeds the tolerable misstatement
What describes tainting percentage?
a. The percentage of incremental allowance for sampling
risk in the lower stratum
b. The percentage of incremental allowance for sampling
risk in the upper stratum
c. The percentage of uncertainty associated with testing
only a part of the population
d. The percentage of misstatement present in a logical unit
- ANSWER-d. The percentage of misstatement present in
a logical unit
Which statement reflects a 5 % risk of overreliance?
a. 95 % confidence level that the actual rate of deviation
will not exceed the tolerable deviation
WGU D251 OA NEWEST 2026/2027 / WGU D251
ADAVANCED AUDITING OBJECTIVE ASSESSMENT
TEST BANK ACTUAL EXAM NEWEST 2026/2027
ACTUAL EXAM COMPLETE 400 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||NEWEST EXAM!!!
Which factor should lead an auditor to assess inherent risk
as high?
a. The account balance consists of a high volume of
routine transactions
b. The account balance consists of a large number of
complex transactions
c. The account balance is subject to a large number of
routine year-end adjustments
d. The account balance requires a high level of client
estimation, which the auditor has audited - ANSWER-b.
The account balance consists of a large number of
complex transactions
Which factor would lead an auditor to assess client
business risk at a higher level?
,2|Page
a. The overall business climate for the client appears to be
mixed for the foreseeable future
b. The client has hired somewhat experienced personnel
to deal with industry changes
c. The client's use of information technology is
incompatible across systems and processes - ANSWER-c.
The client's use of information technology is incompatible
across systems and processes
An auditor determines overall materiality of $500,000
would be material to the income statement and
$1,000,000 would be material to the balance sheet. Which
amount would an auditor typically assess performance
materiality to be for this client?
a. $1,000,00
b. 75% of $1,000,000
c. 75% of $500,000
d. $500,000 - ANSWER-c. 75% of $500,000
At which percentage do auditors commonly set posting
materiality?
a. 5 % of planning materiality
b. 6 % of performance materiality
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c. 5 % of performance materiality
d. 6 % of planning materiality - ANSWER-a. 5 % of
planning materiality
What is quantitative evaluation?
a. Determining whether sample failures are systematic or
random
b. Determining the level at which a control's failure to
operate effectively would likely be present in the remainder
of the population
c. Determining whether sample failures are intentional or
unintentional
d. Determining whether the upper limit of the possible
deviation rate exceeds the tolerable deviation rate -
ANSWER-d. Determining whether the upper limit of the
possible deviation rate exceeds the tolerable deviation
rate
In which circumstance would an auditor change an audit
objective to estimating the correct value?
, 4|Page
a. When the total estimated misstatement exceeds the
tolerable misstatement b. When the expected
misstatement is less than the tolerable misstatement
c. When an internal control is not working properly
d. When an account balance reflects an understatement -
ANSWER-a. When the total estimated misstatement
exceeds the tolerable misstatement
What describes tainting percentage?
a. The percentage of incremental allowance for sampling
risk in the lower stratum
b. The percentage of incremental allowance for sampling
risk in the upper stratum
c. The percentage of uncertainty associated with testing
only a part of the population
d. The percentage of misstatement present in a logical unit
- ANSWER-d. The percentage of misstatement present in
a logical unit
Which statement reflects a 5 % risk of overreliance?
a. 95 % confidence level that the actual rate of deviation
will not exceed the tolerable deviation
