ACC 544 help A Guide to career/uophelp.com ACC 544 help A Guide to career/uophelp.com | Page 26
• Question 12 A client erroneously recorded a large purchase twice.
Which of the following controls would be most likely to detect this error
in a timely and efficient manner?
• Question 13 A client’s materials-purchasing cycle begins with
requisitions from user departments and ends with the receipt of materials
and the recognition of a liability. An auditor’s primary objective in
reviewing this cycle is to
• Question 14 The company being audited has an internal auditor that is
both competent and objective. The independent auditor wants to assign
tasks for the internal auditor to perform. Under these circumstances, the
independent auditor may
• Question 15 An effective control that protects against the preparation
of improper or inaccurate disbursements would be to require that all
checks be
• Question 16 During a financial statement audit an internal auditor may
provide direct assistance to the independent CPA in performing
• Question 17 When assessing internal auditors' objectivity, an
independent auditor should
• Question 18 Which of the following factors most likely would assist
an independent auditor in assessing the objectivity of the internal auditor?
• Question 19 Which of the following is the most effective control to
detect vouchers that were prepared for the payment of goods that were
not received?
• Question 20 Miller Retailing, Inc. maintains a staff of three full-time
internal auditors who report directly to the controller. In planning to use
the internal auditors to provide assistance in performing the audit, the
independent auditor most likely will
• Question 21 The accounts payable department receives the purchase
order form to accomplish all of the following except
• Question 22 The independent auditor should acquire an understanding
of the internal audit function as it relates to the independent auditor’s
consideration of internal control because
• Question 23 For effective internal control purposes, the vouchers
payable department generally should