ch11 - ch11 Student: _ 1. Which of the following events or...

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ch11 Student: ___________________________________________________________________________ 1. Which of the following events or activities normally occurs following the audit report release date? A. Interim testing. B. Roll-forward work. C. Subsequent events. D. Subsequent discovery of facts. 2. Interim testing normally occurs between the ____ and the ____. A. Beginning of the year under audit; audit report release date. B. End of the year under audit; audit report release date. C. Beginning of the year under audit; end of the year under audit. D. End of the year under audit; audit completion date. 3. Roll-forward work normally occurs between the ____ and the ____. A. Beginning of the year under audit; audit report release date. B. End of the year under audit; audit completion date. C. Beginning of the year under audit; end of the year under audit. D. End of the year under audit; audit completion date. 4. Which of the following substantive procedures are not extensively used in the audit of revenue and expense accounts? A. Analytical procedures. B. Detailed verification of cash receipts and cash disbursements records. C. Procedures conducted as part of the audit of related asset and liability accounts. D. Scanning accounts for large and unusual entries. 5. The substantive procedures for the examination of dividend and interest revenue would normally be coordinated with the audit of which of the following accounts? A. Receivables; investments. B. Receivables; fixed assets. C. Investments; fixed assets. D. Fixed assets; inventories. 6. The substantive procedures for the examination of cost of goods sold would normally be coordinated with which of the following audit plans? A. Cash disbursements. B. Inventory. C. Prepaid Expenses and accruals. D. Accounts payable.
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7. Which of the following would not ordinarily be used as a benchmark when using analytical procedures to verify the overall reasonableness of revenue and expense accounts? A. Current-year recorded (unaudited) balances. B. Expected balances using a statistical analysis or relationships among accounts. C. Internal budgets and reports. D. Prior-year balances. 8. Why should auditors be particularly concerned with "miscellaneous", "other", and "clearing" accounts classified as revenues or expenses? A. These accounts are likely to relate to going-concern matters. B. These accounts are often more difficult to audit using normal substantive procedures. C. These accounts may represent attempts of "earnings management". D. These accounts are likely to require the assistance of a specialist. 9. Which of the following is the most effective method of identifying potential earnings management attempts? A. Analytical procedures.
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ch11 - ch11 Student: _ 1. Which of the following events or...

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