Quiz M 5 Auditing

Quiz M 5 Auditing - View Attempt 1 of 1 Title: M05 Started:...

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View Attempt 1 of 1 Title: M05 Started: February 2, 2009 10:20 PM Submitted: February 2, 2009 11:17 PM Time spent: 00:56:51 Total score: 6/10 = 60% Total score adjusted by 0.0 Maximum possible score: 10 1. The auditor generally gives most emphasis to ratio and trend analysis in the examination of the statement of Student Response Value Correct Answer Feedback a. Retained earnings 0% b. Income 100% c. Financial position 0% d. Cash flows 0% Score: 0/1 2. The element of the audit planning process most likely to be agreed upon with the client before implementation of the audit strategy is the determination of the
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Value % Score: 1/1 3. To emphasize auditor independence from management, many corporations follow the practice of Value % Score: 1/1 4. A not-for-profit organization published a monthly magazine that had 15,000 subscribers on January 1, 2007. The number of subscribers increased steadily throughout the year and at December 31, 2007, there were 16,200 subscribers. The annual magazine subscription cost was $10 on January 1, 2007 and was increased to $12 for new members on April 1, 2007. An auditor
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This document was uploaded on 11/26/2010.

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Quiz M 5 Auditing - View Attempt 1 of 1 Title: M05 Started:...

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