Quiz B 3 Auditing

Quiz B 3 Auditing - Value Score 1/1 5 The risk of material...

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View Attempt 1 of 1 Title: M03B Started: April 20, 2009 6:27 PM Submitted: April 20, 2009 7:15 PM Time spent: 00:47:23 Total score: 7/10 = 70% Total score adjusted by 0.0 Maximum possible score: 10 1. Increased fraud risk could also result in all of the following except Student Response Value Correct Answer Feedback a. Lower detection risk 0% b. Higher inherent risk 0% c. Lower control risk 100% d. Higher client risk 0% Score: 0/1 2. Which of the following is not a misstatement of the financial statements?
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Value % Score: 1/1 3. Which of the following circumstances most likely would cause an auditor to believe that material misstatements may exist in an entity's financial statements? Value % Score: 0/1 4. Which of the following relatively small misstatements most likely would have a material effect on an entity's financial statements?
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Unformatted text preview: Value % Score: 1/1 5. The risk of material misstatement includes which of the following: Value % Score: 1/1 6. Which of the following underly(ies) the application of generally accepted auditing standards, particularly the standards of fieldwork and reporting? Value % Score: 1/1 7. Which of the following is not a qualitative factor that may affect an auditor's establishment of materiality? Value % Score: 1/1 8. Which of the following is the most important qualitative factor that auditors should consider when making materiality judgments? Value % Score: 1/1 9. Which of the following does not represent an opportunity to commit fraud? Value % Score: 1/1 10. Auditors can eliminate engagement risk Value % Score: 0/1 Done...
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Quiz B 3 Auditing - Value Score 1/1 5 The risk of material...

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