ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 61

1. Which of the following deficiency exists if a necessary control
is missing or not properly formulated?
2. 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:
3. Which of the following is responsible for establishing a private
company's internal control?
4. Internal controls normally include procedures designed to
provide reasonable assurance that:
5. Internal controls:
6. Narratives, flowcharts, and internal control questionnaires are
three common methods of:
7. Which of the following activities would be least likely to
strengthen a company's internal control?
8. When the auditor attempts to understand the operation of the
accounting system by tracing a few transactions through the
accounting system, the auditor is said to be:
9. In performing the audit of internal control over financial
reporting the auditor emphasizes internal control over class of
transactions because:
10. The PCAOB places responsibility for the reliability of internal
controls over the financial reporting process on:
11. When considering internal controls, an important point to
consider is that:
12. Proper segregation of functional responsibilities calls for
separation of:
13. Management must disclose material weaknesses in internal
control in its audit report:
14. A five-step approach can be used to identify deficiencies,
significant deficiencies, and material weaknesses. The first step in this
approach is:
15. When determining what type of report to issue on internal
control under Section 404:
16. Analytical procedures can be very effective in detecting
inventory fraud. Which of the following analytical procedures would
not be useful in detecting fraud?