18.Cutoff tests designed to detect credit sales made before the end of the year that havebeen recorded in the subsequent year provide assurance about management's assertion ofA.presentation.B.completeness.C.rights.D.existence.20
19.When sending positive confirmations, which of the following would NOT be an appropriate way to address non-response by a customer?21
LATIHAN CHAPTER 15.1.Which of the following industries would have the greatest concerns about purchases cutoff at month end, unrecorded liabilities, and accounting for advertising allowances provided by vendors?2.If the auditor is concerned about the risk of fraud in the expenditure cycle, which of the following best describes auditor concerns about the potential for fraud in the expenditure cycle?3.The auditor is studying a ratio of accounts payable turn days. Which of the following indicates a potential risk of unrecorded liabilities?A.Accounts payable turn days increased from 28 days to 45 days from year one to year two.B.Accounts payable turn days increased from 28 days to 30 days from year one to year two.C.Accounts payable turn days decreased from 28 days to 15 days from year oneto year two.D.Accounts payable turn days decreased from 30 days to 25 days from year oneto year two.4.The internal document commonly used to authorize the recording and payment of a credit purchase in the purchases journal is a:5.When goods are received, the computer would compare receiving information with information from which of the following documents and generate an exception report of any discrepancies?22
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- Winter '13
- control risk