ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 110

8. An individual who is not party to the contract between a CPA
and the client, but who is known by both and is intended to receive
certain benefits from the contract is known as:
9. Privity of contract exists between:
10. Fraud occurs when:
11. In connection with the audit of financial statements, an
independent auditor could be responsible for failure to detect a
material fraud if:
12. Laws that have been passed by the U.S. Congress and other
governmental units are:
13. Which of the following most accurately describes constructive
fraud?
14. In the auditing environment, failure to meet auditing standards is
often:
15. The expectation gap:
16. The responsibility for the preparation of the financial statements
and the accompanying footnotes belongs to:
17. The posting and summarization audit objective is the auditor's
counterpart to management's assertion of:
18. Which of the following statements is the most correct regarding
errors and fraud?
19. Which of the following assertions is described as "this assertion
addresses whether all transactions that should be included in the
financial statements are in fact included"?
20. The most important general ledger account included in and
affecting several cycles is the:
21. Tests of details of balances are specific audit procedures that are
intended to:
22. "The auditor should not assume that management is dishonest,
but the possibility of dishonesty must be considered." This is an
example of:
23. When an auditor believes that an illegal act may have occurred,
the auditor should first:
24. The essence of the attest function is to:
25. Management assertions are:
26. Fraudulent financial reporting is most likely to be committed by
whom?