ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 124

7. When considering internal controls, an important point to
consider is that:
8. In performing the audit of internal control over financial
reporting the auditor emphasizes internal control over class of
transactions because:
9. Which of the following is responsible for establishing a private
company's internal control?
10. Internal controls:
11. Misappropriation of assets is normally perpetrated by:
12. Fraud is more prevalent in smaller businesses and not-for-profit
organizations because it is more difficult for them to maintain:
13. Two of the most useful warning signals that can indicate that
revenue fraud is occurring are:
14. When analyzing accounts for fraud risk:
15. Who is most likely to perpetrate fraudulent financial reporting?
16. Controls that are designed for each software application and are
intended to help a company satisfy the transaction-related audit
objectives are:
17. Which of the following is a component of general controls?
18. A control that relates to all parts of the IT system is called a(n):
19. The approach to auditing where the auditor does not test
automated controls to reduce assessed control risk is called:
20. Which of the following computer-assisted auditing techniques
inserts an audit module in the client's application system to identify
specific types of transactions?
21. Collectively, procedures performed to obtain an understanding of
the entity and its environment, including internal controls, represent
the auditor's:
22. An increased extent of tests of controls is most likely to occur
when:
23. When the auditor has completed the tests of details of balances
and enters phase 4 of the audit process, she must still perform audit
procedures for which of the following?
24. Analytical procedures must be performed in:
25. An exception or deficiency found in a test of controls:
========================================================
ACC 403 Week 11 FINAL EXAM PART 2