Chapter 13 - Chapter 13 Take Home Quiz 1 a b c d 2 a b c d...

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Chapter 13 Take Home Quiz 1. A listing of all the things which the auditor will do to gather sufficient, competent evidence is the: a. audit strategy. b. audit program. c. audit procedure. d. audit risk model. 2. When an auditor believes that analytical procedures indicate a reasonable possibility of misstatement, the auditor may: a. perform additional analytical procedures. b. decide to modify tests of details of balances. c. either a or b. d. neither a nor b. 3. When controls are deemed ineffective and assessed control risk is high for a private company, there will be ______ emphasis placed on tests of controls. a. no b. relatively little c. moderate d. heavy 4. Only _______ involve physical examination and confirmation. a. tests of controls b. tests of transactions c. tests of balances d. analytical procedures 5. Documentation is used in every type of test except ________. a. tests of controls b. tests of transactions c. analytical procedures d. tests of details 6. Procedures to obtain an understanding of internal control do not generally provide
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This note was uploaded on 03/06/2011 for the course ECON 435 taught by Professor Galven during the Spring '11 term at Ill. Chicago.

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Chapter 13 - Chapter 13 Take Home Quiz 1 a b c d 2 a b c d...

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