ACCT241 Auditing CH6 Quiz

ACCT241 Auditing CH6 Quiz - 1 out of 1 points In order for...

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Question 1 1 out of 1 points The cash account is involved in which cycle? Answer Selected Answer: All of the above. Question 2 1 out of 1 points Which of the following is an appropriate audit program step for the review of canceled checks for authorized signatures? Answer Selected Answer: Question 3 1 out of 1 points A proof of cash is normally used Answer Selected Answer: Question 4 1 out of 1 points When counting cash on hand the auditor must exercise control over all cash and other negotiable assets to prevent Answer
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Selected Answer: Question 5 1 out of 1 points When a fraud perpetrator embezzles company funds for the purpose of buying presents for co-workers, the fraudster's motive is said to be: Answer Selected Answer: Economic Question 6 1 out of 1 points An enlightened management can decrease the probability of fraud in the company best by: Answer Selected Answer: Question 7
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Unformatted text preview: 1 out of 1 points In order for internal auditors to be able to recognize potential fraud, they must be aware of the basic characteristics of fraud. Which of the following is a characteristic of fraud? Answer Selected Answer: Question 8 1 out of 1 points Which of the following statements is correct with respect to the elements of the "fraud triangle"? Answer Selected Answer: Question 9 1 out of 1 points When auditing with "fraud awareness," auditors should especially notice and follow up employee activities under which of these conditions? Answer Selected Answer: Question 10 1 out of 1 points Which of the following gives an indication of potential fraudulent activity? Answer Selected Answer: Question 11 1 out of 1 points Which of these arrangements of duties would least likely lead to an embezzlement or theft? Answer Selected Answer:...
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This note was uploaded on 03/23/2012 for the course ACCT 241 taught by Professor None during the Spring '12 term at Clark State Community College.

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ACCT241 Auditing CH6 Quiz - 1 out of 1 points In order for...

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