ACC 544 EDU Start With a Dream /acc544edu.com ACC 544 EDU Start With a Dream /acc544edu.com | Page 29

• 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 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