ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 64

9. Internal controls normally include procedures designed to
provide reasonable assurance that:
10. In performing the audit of internal control over financial
reporting the auditor emphasizes internal control over class of
transactions because:
11. 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:
12. Narratives, flowcharts, and internal control questionnaires are
three common methods of:
13. Which of the following is not one of the three primary objectives
of effective internal control?
14. The auditors primary purpose in auditing the client's system of
internal control over financial reporting is:
15. Reasonable assurance allows for:
16. Misappropriation of assets is normally perpetrated by:
17. Financial statement manipulation risk is arguably present for all
companies' financial statements. However, the risk is elevated for
companies that:
18. Two of the most useful warning signals that can indicate that
revenue fraud is occurring are:
19. Analytical procedures can be very effective in detecting
inventory fraud. Which of the following analytical procedures would
not be useful in detecting fraud?
20. When assessing the risk for fraud, the auditor must be cognizant
of the fact that:
21. Which of the following is a factor that relates to incentives or
pressures to commit fraudulent financial reporting?
22. Which of the following is least likely to uncover fraud?
23. Who is most likely to perpetrate fraudulent financial reporting?
24. In the fraud triangle, fraudulent financial reporting and
misappropriation of assets:
25. Fraud is more prevalent in smaller businesses and not-for-profit
organizations because it is more difficult for them to maintain:
26. Companies may intentionally understate earnings when income
is high to create ________ that may be used in future years to increase
earnings.