ACC 544 EDU Great Stories /acc544edu.com ACC 544 EDU Great Stories /acc544edu.com | Page 29

are 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?