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Quiz B 14 Auditing

Quiz B 14 Auditing - View Attempt 1 of 1 Title M14B Started...

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View Attempt 1 of 1 Title: M14B Started: April 26, 2009 10:48 PM Submitted: April 26, 2009 11:33 PM Time spent: 00:44:46 Total score: 7/10 = 70% Total score adjusted by 0.0 Maximum possible score: 10 1. Which of the following best describes the independent auditor's approach to obtaining satisfaction concerning depreciation expense in the income statement? Student Response Value Correct Answer Feedback a. Verifying the mathematical accuracy of the amounts charged to income as a result of depreciation expense 0% b. Determining the method for computing depreciation expense and ascertaining that it is in accordance with generally accepted accounting principles 0% c. Reconciling the 0%
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amount of depreciation expense to those amounts credited to accumulated depreciation accounts d. Establishing the basis for depreciable assets and verifying the depreciation expense 100% Score: 1/1 2. The auditor interviews the plant manager. The auditor is most likely to rely upon this interview as primary support for an audit conclusion on Value % Score: 1/1 3.
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