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ACCT 444 Week 3 Homework ACCT 444 Week 3 Quiz
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1 . ( TCO 6 ) Which of the following statements regarding documentation is not correct ? 2 . ( TCO 6 ) When analytical procedures reveal no unusual fluctuations , the implication is that
3 . ( TCO 6 ) The primary purpose of performing analytical procedures in the testing phase of an audit is to
4 . ( TCO 6 ) Three common types of confirmations used by auditors are ( 1 ) negative confirmations where only a response is requested if the debtor disagrees with the amount , ( 2 ) positive confirmations with a request for information where the debtor is requested to respond and to include their believed balance , and ( 3 ) positive confirmations with the information included where the debtor is requested to respond and to confirm the balance we give them . If they were placed in the order of their competence , from highest to lowest , the sequence would be
5 . ( TCO 7 ) Analytical procedures used in planning an audit should focus on identifying