ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 81

8. Some companies have customers send payments directly to an
address maintained by a bank. This is called a(n) ________ system.
9. To test for recorded sales for which there were no actual
shipments, the auditor vouches from the:
10. Which of the following is not a business function within the
"Sales" class of transactions?
11. The document used to indicate to the customer the amount of a
sale and payment due date is the:
12. A document prepared to initiate shipment of the goods sold by an
independent shipper is the:
13. The total of the individual account balances in the accounts
receivable subsidiary ledger should equal the:
14. Most companies recognize sales revenue when:
15. The ________ is a contract between a carrier (e.g., a trucking
company) and the seller of goods that dictates the details surrounding
the shipment of goods.
16. Attributes sampling would be an appropriate method to use on
which one of the following procedures in an audit program?
17. When using statistical sampling, the auditor would most likely
require a smaller sample if the:
18. The exception rate the auditor will permit in the population and
still be willing to reduce the assessed level of control risk is called
the:
19. Which of the following occurrences would be least likely to
warrant further audit attention for the auditor?
20. Auditors often use the ________ to determine the estimated
population exception rate.
21. Which of the following is the risk that an auditor will reach an
incorrect conclusion because a sample is not representative of the
population?
22. The most serious shortcoming of the haphazard sample selection
method is:
23. When auditors wish to evaluate a sample statistically, an
acceptable selection method is:
24. To determine if a sample is truly representative of the
population, an auditor would be required to: