Quiz M 11 Auditing

Quiz M 11 Auditing - register to the supporting documents....

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View Attempt 1 of 1 Title: M11 Started: March 2, 2009 8:39 PM Submitted: March 2, 2009 9:09 PM Time spent: 00:30:09 Total score: 7/10 = 70% Total score adjusted by 0.0 Maximum possible score: 10 1. Sound internal control activities dictate that defective merchandise returned by customers should be presented initially to the Student Response Value Correct Answer Feedback a. Accounts receivable supervisor 0% b. Receiving clerk 100% c. Shipping department supervisor 0% d. Sales clerk 0% Score: 1/1 2.
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The audit procedures used to verify accrued liabilities differ from those employed for the verification of accounts payable because Value % Score: 0/1 3. An examination of the balance in the accounts payable account is ordinarily not designed to Value % Score: 0/1 4.
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Which of the following control activities is not usually performed in the vouchers payable department? Value % Score: 1/1 5. In assessing control risk for purchases, an auditor vouches a sample of entries in the voucher
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Unformatted text preview: register to the supporting documents. Which assertion would this test of controls most likely support? Value % Score: 1/1 6. The mailing of disbursement checks and remittance advices should be controlled by the employee who Value % Score: 1/1 7. The cutoff assertion for accounts payable includes Value % Score: 0/1 8. For effective internal control, the accounts payable department should compare the information on each vendor's invoice with the Value % Score: 1/1 9. Which of the following is an internal control that would prevent a paid disbursement voucher from being presented for payment a second time? Value % Score: 1/1 10. The accounts payable department receives the purchase order form to accomplish all of the following except to Value % Score: 1/1 Done...
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This document was uploaded on 11/26/2010.

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Quiz M 11 Auditing - register to the supporting documents....

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