Exam%201%20Study%20Guide%20%28S12%290-1

Exam%201%20Study%20Guide%20%28S12%290-1 - Exam 1 Overview...

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Exam 1 Overview and Topical Outline Exam 1 Overview: Exam will consist of 31 multiple choice questions and 3-4 short answer questions. o Chapter 1 topics: 9 multiple choice questions; 1-2 short answer questions o Chapter 2 topics: 9 multiple choice questions; 1-2 short answer questions o Chapter 3 topics: 9 multiple choice questions; 1-2 short answer questions o Chapter 4 topics: 4 multiple choice questions; 0-1 short answer questions You will have 75 minutes to complete the exam (e.g. a full class period) Topical Outline and Chapter Vocabulary: Here are the learning objectives laid out in the textbook, with those I view not to be critical omitted. I recommend starting from the slides to identify the topics we focused on in class and work back to the textbook to study the topics in additional detail if you need to do so. Exam questions may come from either the textbook or the lecture, but the emphasis will be on those topics highlighted during the lecture. Chapter One: a. Describe the nature of assurance services b. Identify assurance services that involve attestation c. Describe the nature of financial statements audits d. Explain why audits are demanded by society e. Describe how the credibility of the accounting profession was affected by the large number of companies reporting accounting irregularities at the beginning of this century f. Contrast the various types of audits and auditors g. Explain the regulatory process for auditors of public companies and auditors of
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This note was uploaded on 02/16/2012 for the course ACCY 131 taught by Professor Ekanayake,c during the Spring '08 term at CSU Sacramento.

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Exam%201%20Study%20Guide%20%28S12%290-1 - Exam 1 Overview...

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