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ACC330 Exam 1 Questions And Answers
|Latest 2025 | Guaranteed Pass.
Name the type of audit procedure:
Sending a written request to the entity's customers requesting that they report the amount
owed to the entity. - Answer✔Confirmation
Name the type of audit procedure:
Examining large sales invoices for a period of two days before and after year-end to determine
if sales are recorded in the proper period - Answer✔Inspection of records & documents
Name the type of audit procedure:
Agreeing the total of the accounts receivable subsidiary ledger to the accounts receivable
general ledger account. - Answer✔Inspection of records & documents
Reperformance
Name the type of audit procedure:
Discussing the adequacy of the allowance for doubtful accounts with the credit manager -
Answer✔Inquiry
Name the type of audit procedure:
Comparing the current-year gross profit percentage with the gross profit percentage for the last
four years - Answer✔Analytical Procedures
1|P a g e
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 1:26 PM A+
Name the type of audit procedure:
Examining a new plastic extrusion machine to ensure that this major acquisition was received. -
Answer✔Inspection of a tangible asset
Name the type of audit procedure:
Watching the entity's warehouse personnel count the raw materials inventory -
Answer✔Observation
Name the type of audit procedure:
Performing test counts of the warehouse personnel's count of the raw material -
Answer✔Reperformance
Name the type of audit procedure:
Obtaining a letter from the entity's attorney indicating that there were no lawsuits in progress
against the entity - Answer✔Confirmation
Name the type of audit procedure:
Tracing the prices used by the entity's billing program for pricing sales invoices to the entity's
approved price list - Answer✔Inspection of records & documents
Reperformance
Occurrence - Answer✔Transactions & events that have been recorded or disclosed have
occurred
Completeness (T&E) - Answer✔All transactions & events that should have been recorded have
been recorded
Authorization - Answer✔All transactions & events have been properly authorized
2|P a g e
ACC330 Exam 1 Questions And Answers
|Latest 2025 | Guaranteed Pass.
Name the type of audit procedure:
Sending a written request to the entity's customers requesting that they report the amount
owed to the entity. - Answer✔Confirmation
Name the type of audit procedure:
Examining large sales invoices for a period of two days before and after year-end to determine
if sales are recorded in the proper period - Answer✔Inspection of records & documents
Name the type of audit procedure:
Agreeing the total of the accounts receivable subsidiary ledger to the accounts receivable
general ledger account. - Answer✔Inspection of records & documents
Reperformance
Name the type of audit procedure:
Discussing the adequacy of the allowance for doubtful accounts with the credit manager -
Answer✔Inquiry
Name the type of audit procedure:
Comparing the current-year gross profit percentage with the gross profit percentage for the last
four years - Answer✔Analytical Procedures
1|P a g e
, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 1:26 PM A+
Name the type of audit procedure:
Examining a new plastic extrusion machine to ensure that this major acquisition was received. -
Answer✔Inspection of a tangible asset
Name the type of audit procedure:
Watching the entity's warehouse personnel count the raw materials inventory -
Answer✔Observation
Name the type of audit procedure:
Performing test counts of the warehouse personnel's count of the raw material -
Answer✔Reperformance
Name the type of audit procedure:
Obtaining a letter from the entity's attorney indicating that there were no lawsuits in progress
against the entity - Answer✔Confirmation
Name the type of audit procedure:
Tracing the prices used by the entity's billing program for pricing sales invoices to the entity's
approved price list - Answer✔Inspection of records & documents
Reperformance
Occurrence - Answer✔Transactions & events that have been recorded or disclosed have
occurred
Completeness (T&E) - Answer✔All transactions & events that should have been recorded have
been recorded
Authorization - Answer✔All transactions & events have been properly authorized
2|P a g e
