Study guides, Class notes & Summaries

Assurance ACA Exam Questions With Verified Answers Written confirmations are required from all client staff who have made oral representations. True or False? - answerA) True B) False Which one of the following controls is LEAST LIKELY to address the risk that money received is not banked? - answerA) Matching cash receipts with invoices B) Monthly bank reconciliations C) Prompt bank payments D) Investigation of shortages and surpluses of cash in the business As part of his analytical p...

ACA - Assurance Certificate Exam Questions With Verified Answers CREST - answerCriteria (What are we testing against?) Report - Evidence Subject Matter (Vehicle, Financial Statement). Three party relationship When do we use MANICS - answerWhen we plan an assurance engagement. MANICS Acryonym - answerManagement Integrity Adequate Resources Nature of Engagement Identification Communication Stability What is the purpose of an Engagement Letter? - answerDefine Roles Provide Written Co...

ACA Accounting and Assurance Exam Questions With Verified Answers Reasonable Assurance engagement 1. Evidence Sought 2. Opinion Given 3. Example - answer1. Sufficient and Appropriate 2. Positive Opinion 3. The financial statements show a true and fair view in all material respects Limited Assurance engagement 1. Evidence Sought 2. Opinion Given 3. Example - answer1. Sufficient and appropriate (less intrusive) 2. negative conclusion 3. Nothing has come to our attention that makes us ...

ACA Assurance Exam Questions With 100% Correct Answers 5 key elements of audit - answer1. 3 party involvement 2. subject matter (f/s) 3. suitable criteria (e.g. UK CGC) 4. evidence 5. written report ISA 200 - what are the objectives of auditors? - answer- obtain reasonable assurance f/s are free from material misstatement (fraud or error) - express opinion whether f/s prepared in accordance w/ financial reporting framework Exemption from statutory audit - answer- CA 2006 exempts small ...

ACA Final Exam 1. What is the Comprehensive Articulation Agreement (CAA)? - The CAA is a statewide agreement governing the transfer of credits between NC Community Colleges and NC public universities and has as its objective the smooth transfer of students. Provides certain assurances to the transferring student. • Assures admission to one of the 16 UNC institutions (Transfer Assured Admissions Policy) • Enables NC community college graduates of two-year Associate in Arts and Associa...

At the end of this course, you must do which of the following? Pass the final course exam with a scored of 70% or higher Print your certificate from this website Apply for your Insurance Adjuster license at the Florida Department of Financial Services website at All of the above All of the above Which of the following is NOT one of the duties of the Department of Financial Services? License adjusters Set rates and write policies for various company products Supervise the claims activity...

ACA 122 - Final Exam Review

ACA Final Exam

ACA 122 Final Exam Review (1)

ACA 122 Final Exam Study Guide