ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 121

The understatement of sales and accounts receivable is best uncovered
by:
Confirmation of accounts receivable selected from the trial balance is
the most common test of details of balances for the ________ of
accounts receivable.
Audit procedures designed to uncover credit sales made after the
client's fiscal year end that relate to the current year being audited
provide evidence for which of the following audit objective?
An auditor selects a sample from the file of shipping documents to
determine whether invoices were prepared. This test is to satisfy the
audit objective of:
A type of positive confirmation known as a blank confirmation:
Which of the following audit procedure would normally be included
in the audit plan when auditing the allowance for doubtful accounts?
For sales, the occurrence transaction-related audit objective affects
which of the following balance-related audit objective?
The allowance for sampling risk when no misstatements are found in
the sample is:
Monetary unit sampling is not particularly effective at detecting:
The auditor is concerned with the audited value rather than the error
amount of each item in the sample when using:
The auditors principal objective when using a sample of tests of
details of balances is whether the:
The client's trial balance has a balance of $410,000 for merchandise
inventory. As the auditor you are willing to accept a balance that is
within $20,000 of either side of the recorded balance. You compute a
95% confidence interval of $395,000 to $425,000. You could
therefore:
If an auditor concludes that internal controls are likely to be effective,
the preliminary assessment of control risk can be reduced, leading to
which of the following impacts on the acceptable risk of incorrect
acceptance?
When using monetary unit sampling, the recorded dollar population is
a definition of all the items in the:
The final step in the evaluation of the audit results is the decision to: