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• Question 51 Which of the following statements is correct
concerning an auditor’s communication on internal control
related matters noted in an audit?
• Question 52 Which of the following would not typically be a
control relied upon during an audit?
• Question 53 The auditor would be least likely to be concerned
about internal control as it relates to
• Question 54 When preparing a record of a client’s internal
control, the independent auditor sometimes uses a flowchart,
which can best be described as a
• Question 55 One important reason why a CPA, during the
course of an audit engagement, prepares internal control
flowcharts is to
• Question 56 In an audit of financial statements, an auditor’s
primary consideration regarding a control is whether the control
• Question 57 Effective internal control requires organizational
independence of departments. Organizational independence
would be impaired in which of the following situations?
• Question 58 An auditor would most likely be concerned with
controls that provide reasonable assurance about the
• Question 59 Proper segregation of functional responsibilities
calls for separation of the
• Question 60 Which of the following sets of duties would
ordinarily be considered basically incompatible in terms of good
internal control?
• Question 61 A primary objective of procedures performed to
obtain an understanding of internal control is to provide an
auditor with
• Question 62 Which of the following factors is most likely to
affect the extent of the documentation of the auditor’s
understanding of a client’s system of internal controls?
• Question 63 Walk-throughs provide evidence that helps
auditors to
• Question 64 An auditor’s tests of controls over the issuance of
raw materials to production would most likely include
• Question 65 Well functioning internal control for the
inventory/production functions would provide that finished goods