Quiz B 6 Auditing

Quiz B 6 Auditing - Value % Score: 1/1 6. Assume that an...

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View Attempt 1 of 1 Title: M06B Started: April 21, 2009 11:39 AM Submitted: April 21, 2009 12:26 PM Time spent: 00:47:54 Total score: 9/10 = 90% Total score adjusted by 0.0 Maximum possible score: 10 1. The program flowcharting symbol representing a decision is a Student Response Value Correct Answer Feedback a. Triangle 0% b. Circle 0% c. Rectangle 0% d. Diamond 100% Score: 1/1 2. Walkthroughs usually involve all of the following audit procedures except Value
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% Score: 1/1 3. The independent auditor selects several transactions in each functional area and traces them through the entire system, paying special attention to evidence about whether or not the control activities are in operation. This is an example of a(n) Value % Score: 1/1 4. In a properly designed internal control system, the same employee may be permitted to Value
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% Score: 1/1 5. All of the following are significant deficiencies except
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Unformatted text preview: Value % Score: 1/1 6. Assume that an auditor estimates that 10,000 checks were issued during the accounting period. If an IT application control which performs a limit check for each check request is to be subjected to the auditor's test data approach, the sample should include Value % Score: 0/1 7. Factors that the auditor should consider as increasing the effectiveness of the audit committee include all of the following except whether Value % Score: 1/1 8. The control environment component of internal controls includes all of the following except Value % Score: 1/1 9. An entity's control activities include all of the following except Value % Score: 1/1 10. The normal sequence of documents and operations on a well-prepared systems flowchart is Value % Score: 1/1 Done...
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Quiz B 6 Auditing - Value % Score: 1/1 6. Assume that an...

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