ACC 544 EDU Start With a Dream /acc544edu.com ACC 544 EDU Start With a Dream /acc544edu.com | Page 26

• Question 25 If the independent auditor decides that the work
performed by internal auditors may have a bearing on the independent
auditor’s own procedures, the independent auditor should consider the
objectivity of the internal auditors. One method of judging objectivity
is to
• Question 26 While obtaining an understanding of a client’s risk
assessment policies, an auditor ordinarily considers how management
• Question 27 Management’s attitude toward aggressive financial
reporting and its emphasis on meeting projected profit goals most
likely would significantly influence an entity’s control environment
when
• Question 28 Which of the following statements is correct regarding
internal control?
• 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?