ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 98

8. An auditor is performing a credit analysis of customers with
balances over 60 days due. She is most likely obtaining evidence for
which audit related objective?
9. In performing your audit you noticed that often times goods are
shipped that are not matched with the corresponding sales invoice.
This control deficiency could cause:
10. For cash receipts, the occurrence transaction-related audit
objective affects which of the following balance-related audit
objective?
11. An auditor selects a sample from the file of shipping documents
to determine whether invoices were prepared. This test is performed
to satisfy the audit objective of:
12. The audit procedure of tracing sales invoices to shipping
documents will provide the auditor evidence that:
13. The most important test of details of balances to determine the
existence of recorded accounts receivable is:
14. For most audits, inherent risk for accounts receivable is moderate
or low except for which balance-related audit objectives?
15. Cutoff misstatements occur when:
16. Tests for rates of occurrence are appropriately used in all but
which of the following situations?
17. If acceptable audit risk is increased, acceptable risk of incorrect
acceptance should be:
18. Which of the following is not a type of statistical method that
provides results in dollar terms?
19. The method used to measure the estimated total error amount in
a population when there is both a recorded value and an audited value
for each item in the sample is:
20. What is the purpose of applying stratified sampling to a
population?
21. The final step in the evaluation of the audit results is the decision
to:
22. In estimating the population misstatement, the first step in
projecting from the sample to the population is to:
23. You are auditing Nelson and Company and determined that the
sample results support a conclusion that the account is materially