ACC 544 help A Guide to career/uophelp.com ACC 544 help A Guide to career/uophelp.com | Page 27

• Question 24 For which of the following judgments may an independent
auditor share responsibility with an entity’s internal auditor who is
assessed to be both competent and objective?
• 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?