ACC 544 EDU Extraordinary Success/acc544edu.com ACC 544 EDU Extraordinary Success/acc544edu.com | Page 27

• Question 29 Which of the following factors is most relevant when an
auditor considers the client’s organizational structure in the context of
control risk?
• Question 30 Which of the following analytical procedures most
likely would be used during the risk assessment stage of an audit?
• Question 31 Analytical procedures performed during the risk
assessment phase of an audit should focus on
• Question 32 Which of the following is an analytical procedure that
an auditor most likely would perform when performing the risk
assessment of an audit?
• Question 33 Which of the following most likely would cause an
auditor to consider whether a client’s financial statements contain
material misstatements?
• Question 34 To help plan the nature, timing, and extent of
substantive auditing procedures, preliminary analytical procedures
should focus on
• Question 35 When a customer fails to include a remittance advice
with a payment, it is a common practice for the person opening the
mail to prepare one. Consequently, mail should be opened by which of
the following four company employees?
• Question 36 Which one of the following would the auditor consider
to be an incompatible operation if the cashier receives remittances
from the mailroom?
• Question 37 An auditor’s tests of controls for completeness for the
revenue cycle usually include determining whether
• Question 38 An auditor reviews a client’s accounting policies and
procedures when considering which of the following planning
matters?
• Question 39 An entity with a large volume of customer remittances
by mail could most likely reduce the risk of employee misappropriation
of cash by using
• Question 40 An auditor has identified the controller's review of the
bank reconciliation as a control to test. In connection with this test, the
auditor interviews the controller to understand the specific data
reviewed on the reconciliation. In addition, the auditor verifies that the