ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 95

10. A positive confirmation is more reliable evidence than a negative
confirmation because:
11. Which of the following audit procedure would normally be
included in the audit plan when auditing the allowance for doubtful
accounts?
12. The net realizable value of accounts receivable is equal to:
13. 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:
14. 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:
15. Confirmation of accounts receivable selected from the trial
balance is the most common test of details of balances for the
________ of accounts receivable.
16. Monetary unit sampling is not particularly effective at detecting:
17. The allowance for sampling risk when no misstatements are
found in the sample is:
18. While performing a substantive test of details during an audit,
the auditor determined that the sample results supported the
conclusion that the recorded account balance was not materially
misstated. It was, in fact, materially misstated. This situation
illustrates the risk of:
19. In monetary unit sampling, a sampling interval of 900 means
that:
20. If an auditor desires a greater level of assurance in auditing a
balance, the acceptable risk of incorrect acceptance:
21. When the sample selection is done using probability proportional
to size sample selection (PPS):
22. The word below that best explains the relationship between
required sample size and the acceptable risk of incorrect acceptance
is:
23. Which of the following is not a type of statistical method that
provides results in dollar terms?
24. The risk the auditor is willing to take of accepting a balance as
correct when the true misstatement in the balance under audit is
greater than the tolerable misstatement is: