ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 89

4. For most audits, a proper cash receipts cutoff is less important
than the sales cutoff because the improper cutoff of cash:
5. Which of the following most likely would be detected by a
review of a client's sales cutoff?
6. Which of the following audit procedure would normally be
included in the audit plan when auditing the allowance for doubtful
accounts?
7. When designing tests of details of balances, an important point
to remember is:
8. An auditor selects a sample from the file of shipping documents
to determine whether invoices were prepared. This test is to satisfy
the audit objective of:
9. Because of its central role in auditing of accounts receivable,
which of the following would normally be one of the first items
tested?
10. Most tests of accounts receivable are based on what schedule,
file, or listing?
11. When do most companies record sales returns and allowances?
12. A positive confirmation is more reliable evidence than a negative
confirmation because:
13. The audit procedure that provides the auditor with the most
appropriate evidence when performing test of details of balances for
accounts receivable is:
14. The most important aspect of evaluating the client's method of
obtaining a reliable cutoff is to:
15. For cash receipts, the occurrence transaction-related audit
objective affects which of the following balance-related audit
objective?
16. As the amount of misstatements expected in the population
approaches tolerable misstatement, the planned sample size will:
17. The client's trial balance has a balance of $410,000 for
merchandise inventory. As the auditor you are willing to accept a
balance that is within $20,000 of either side of the recorded balance.
You compute a 95% confidence interval of $395,000 to $425,000.
You could therefore:
18. In monetary unit sampling, a sampling interval of 900 means
that: