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Question 1
Which of the following assertions would the auditor usually
consider most relevant for accounts payable?
Question 2
The Standards of the PCAOB can be broken up into three
categories, i.e., general, fieldwork, and reporting. Which of
the following concepts is considered in the reporting
standards?
Question 3
Which of the following is a reason why an auditor needs an
understanding of internal controls?
Question 4
Which assertion addresses whether the financial statements
items are properly classified in the financial statements?
Question 5
What is the auditor's responsibility for testing internal
controls when the auditor believes that the internal controls
are effective and intends to rely upon them?
Question 6
Which one of the following represents a control deficiency?
Question 7
The PCAOB's AS No. 5 states that internal controls may be
preventive or detective.Which of the following controls is
preventive?