ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 92

7. 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:
8. The audit procedure that provides the auditor with the most
appropriate evidence when performing test of details of balances for
accounts receivable is:
9. When do most companies record sales returns and allowances?
10. Which of the following most likely would be detected by a
review of a client's sales cutoff?
11. A listing of the balances in the accounts receivable master file at
the balance sheet date, by total balance outstanding and by the amount
of time the component parts have been outstanding, is the:
12. Cutoff misstatements occur:
13. A positive confirmation is more reliable evidence than a negative
confirmation because:
14. Which of the following audit procedure would normally be
included in the audit plan when auditing the allowance for doubtful
accounts?
15. Communication addressed to the debtor requesting him or her to
confirm whether the balance as stated on the communication is
correct or incorrect is a:
16. You are auditing Nelson and Company and determined that the
sample results support a conclusion that the account is materially
misstated, when in fact it was not misstated. This illustrates the risk
of:
17. If acceptable audit risk is increased, acceptable risk of incorrect
acceptance should be:
18. The most commonly used method of statistical sampling for tests
of details of balances is:
19. If an auditor desires a greater level of assurance in auditing a
balance, the acceptable risk of incorrect acceptance:
20. Which of the following is not a type of statistical method that
provides results in dollar terms?
21. If an auditor concludes that internal controls are likely to be
effective, the preliminary assessment of control risk can be reduced,
leading to which of the following impacts on the acceptable risk of
incorrect acceptance?