Quiz M 7 Auditing

Quiz M 7 Auditing - Value % Score: 1/1 5. The main goal of...

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View Attempt 1 of 1 Title: M07 Started: February 9, 2009 10:16 PM Submitted: February 9, 2009 11:02 PM Time spent: 00:45:50 Total score: 8/10 = 80% Total score adjusted by 0.0 Maximum possible score: 10 1. Management's written representations concerning internal control are: Student Response Value Correct Answer Feedback a. Addressed to the users of the financial statements 0% b. Normally drafted by management 0% c. Included in the auditor's final report 0% d. Signed by the CEO and CFO 100% Score: 1/1 2.
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Which of the following is an advantage of generalized computer audit packages? Value % Score: 1/1 3. Which of the following is true regarding management's documentation of internal controls? Value % Score: 0/1 4.
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An "integrated audit" as stated in Section 404 of the Sarbanes-Oxley Act means
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Unformatted text preview: Value % Score: 1/1 5. The main goal of auditing internal control is: Value % Score: 1/1 6. ACL is an example of Value % Score: 1/1 7. Which of the following concerning the auditor's report on internal control over financial reporting is correct? Value % Score: 1/1 8. The person in charge of authorizing credit to customers does not properly understand what constitutes a credit risk. This is an example of Value % Score: 0/1 9. A modification of the standard report is required for all of the following conditions, except: Value % Score: 1/1 10. Which of the following is the least likely to represent a material weakness in internal control for Flynt Corporation? Value % Score: 1/1 Done...
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This document was uploaded on 11/26/2010.

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Quiz M 7 Auditing - Value % Score: 1/1 5. The main goal of...

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