ACCT241 Auditing CH8 Quiz

ACCT241 Auditing CH8 Quiz - a CAAT Answer Selected Answer...

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Question 1 1 out of 1 points A "voucher" is a Answer Selected Answer: None of the above. Question 2 1 out of 1 points A "blind purchase order" is a Answer Selected Answer: Question 3 1 out of 1 points Which of the following accounts is not included in the acquisition and expenditure cycle? Answer Selected Answer: Question 4 1 out of 1 points Canceling invoices with a "PAID" stamp after payment is a control that relates to which assertion? Answer Selected Answer: Existence or occurrence. Question 5 1 out of 1 points
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5. Which of the following is not a step in the search for unrecorded liabilities? Answer Selected Answer: Question 6 1 out of 1 points Which of the following fraud signs could be detected by
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Unformatted text preview: a CAAT? Answer Selected Answer: All of the above. • Question 7 1 out of 1 points Which of the following control questions relates to the existence and occurrence objective in purchasing and accounts payable? Answer Selected Answer: • Question 8 1 out of 1 points Auditors usually focus on which assertion when auditing current liabilities? Answer Selected Answer: Completeness. • Question 9 1 out of 1 points If goods ordered under a binding purchase commitment permanently decline in value below the agreed on purchase prices, a company should. Answer Selected Answer: • Question 10 1 out of 1 points The purchasing department. Answer Selected Answer:...
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ACCT241 Auditing CH8 Quiz - a CAAT Answer Selected Answer...

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