ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 2

5. An auditor who audits a business cycle that has low inherent
risk should:
6. When one material weakness is present at the end of the year,
management of a public company must conclude that internal control
over financial reporting is:
7. An audit procedure that would most likely be used by an auditor
in performing tests of control procedures in which the segregation of
functions and that leaves no "audit" trail is:
8. Which of the following is responsible for establishing a private
company's internal control?
9. Internal controls normally include procedures designed to
provide reasonable assurance that:
10. Internal controls:
11. Financial statement manipulation risk is arguably present for all
companies' financial statements. However, the risk is elevated for
companies that:
12. Which of the following is not a factor that relates to
opportunities to misappropriate assets?
13. Two of the most useful warning signals that can indicate that
revenue fraud is occurring are:
14. In the fraud triangle, fraudulent financial reporting and
misappropriation of assets:
15. Which of the following is a factor that relates to incentives to
misappropriate assets?
16. The audit approach in which the auditor runs his or her own
program on a controlled basis to verify the client's data recorded in a
machine language is:
17. Auditors should evaluate which of the following before
evaluating application controls because of the potential for pervasive
effects?
18. Which of the following is a component of general controls?
19. General controls may include firewalls which are used to protect
from:
20. An internal control deficiency occurs when computer personnel:
21. Analytical procedures:
22. In the context of an audit of financial statements, substantive
tests are audit procedures that: