Quiz M 14 Auditing

Quiz M 14 Auditing - as primary support for an audit...

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View Attempt 1 of 1 Title: M14 Started: March 23, 2009 8:26 PM Submitted: March 23, 2009 9:12 PM Time spent: 00:45:58 Total score: 2/10 = 20% Total score adjusted by 0.0 Maximum possible score: 10 1. Recomputing the unexpired portion of insurance policies in effect tests which of the following assertions for prepaid insurance? Student Response Value Correct Answer Feedback a. Existence 0% b. Classification 0% c. Rights and obligations 0% d. Valuation 100% Score: 1/1 2. In testing for unrecorded retirements of equipment, an auditor most likely would
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Value % Score: 0/1 3. Which of the following explanations might satisfy an auditor who discovers significant debits to an accumulated depreciation account? Value % Score: 0/1 4.
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Testing a sample of repairs and maintenance items to ensure that they were properly classified as repairs as opposed to property, plant and equipment tests which of the following assertions for property, plant and equipment? Value % Score: 0/1 5. The auditor interviews the plant manager. The auditor is most likely to rely upon this interview
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Unformatted text preview: as primary support for an audit conclusion on Value % Score: 0/1 6. Which of the following policies constitutes a control weakness related to the acquisition of factory equipment? Value % Score: 1/1 7. Which of the following accounts would most likely be reviewed by the auditor to gain reasonable assurance that additions to the equipment account are not understated? Value % Score: 0/1 8. A weakness in internal control over recording retirements of equipment may cause the auditor to Value % Score: 0/1 9. Which of the following is the best evidence of real estate ownership at the balance sheet date? Value % Score: 0/1 10. Which of the following accounts should be reviewed by the auditor to gain reasonable assurance that additions to property, plant and equipment are not understated? Value % Score: 0/1 Done...
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Quiz M 14 Auditing - as primary support for an audit...

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