ACC 544 EDU Extraordinary Success/acc544edu.com ACC 544 EDU Extraordinary Success/acc544edu.com | Page 30

to be accepted for stock only after presentation of a completed
production order and a(n)
• Question 66 Tests of controls are performed in order to determine
whether
• Question 67 Which of the following would be least likely to be
included in an auditor’s tests of controls?
• Question 68 Which of the following is not a step in an auditor’s
decision to conclude that controls operate effectively?
• Question 69 When an auditor plans to rely on controls that have
changed since they were last tested, which of the following courses of
action would be most appropriate?
• Question 70 Which of the following is a step in an auditor’s decision
to assess the risk of material misstatement at a low level by relying on
controls?
• Question 71 A client maintains a large data center where access is
limited to authorized employees. How may an auditor best determine
the effectiveness of this control activity?
• Question 72 Which of the following is an inherent limitation of
internal controls?
• Question 73 An independent auditor has concluded that the client’s
records, procedures, and representation can be relied upon based on
tests made during the year when internal control was found to be
effective. The auditor should test the records, procedures, and
representations again at year-end if
• Question 74 When considering internal control to determine
whether the necessary procedures are designed and operating
effectively, an auditor must
• Question 75 Which of the following is required documentation in an
audit in accordance with generally accepted auditing standards?