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• 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 bank reconciliation is properly prepared
by the accountant and reviewed by the controller as evidenced by