Quiz B 4 Auditing

Quiz B 4 Auditing - you most likely to use when auditing...

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View Attempt 1 of 1 Title: M04B Started: April 20, 2009 11:05 PM Submitted: April 20, 2009 11:56 PM Time spent: 00:50:49 Total score: 9/10 = 90% Total score adjusted by 0.0 Maximum possible score: 10 1. Tracing is used primarily to test which of the following assertions about classes of transactions? Student Response Value Correct Answer Feedback a. Occurrence 0% b. Completeness 100% c. Cutoff 0% d. Classification 0% Score: 1/1 2. Audit documentation prepared on audits of publicly-held clients is the property of the Value
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% Score: 1/1 3. Lease capitalization is best described by which of the following account balance assertions? Value % Score: 1/1 4. Footing is an example of Value %
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Score: 1/1 5. Which of the following statements about audit documentation is correct? Value % Score: 1/1 6. Your audit client is under intense pressure to meet an earnings target. Which audit procedure are
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Unformatted text preview: you most likely to use when auditing purchases? Value % Score: 1/1 7. In testing plant and equipment balances, an auditor may inspect new additions listed on the analysis of plant and equipment. This procedure is designed to obtain evidence concerning management's assertions about classes of transactions and events and specifically, which assertion? Value % Score: 0/1 8. Of the following, which is the least persuasive type of audit evidence? Value % Score: 1/1 9. Of the following, the most reliable type of evidence typically is Value % Score: 1/1 10. Which of the following types of documentary evidence should the auditor consider to be the most reliable? Value % Score: 1/1 Done...
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Quiz B 4 Auditing - you most likely to use when auditing...

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