MAKE-UP QUIZ FOR EXAM 1
30 QUESTIONS; 15 POINTS
RESORD YOUR ANSWERS ON THIS PAPER. THIS IS DUE BY THURSDAY,
OCTOBER 16TH. AT THE START OF CLASS
1. The following are a number of ASB management assertions.
C. Rights and
We need to determine fixed and variable costs, for calculating the level of commercial sales of computer
Total Power cost (January, February, March) = ($1,633 + $1,592 + $1,803) = $5,028
Total hours of computer use = 1110 hours
Variable cost Powers C
In tests of controls auditing, auditors need to define "control deficiencies" in
advance. Give seven examples of control compliance deficiencies related to a
client's processing of credit sales transactions and the related assertion that was
Sample exam questions
1. In tests of controls auditing, auditors need to define "deviations" in advance. Give
seven examples of control compliance deviations related to a client's processing of
credit sales transactions and the related assertio
Due: Thursday, October 24th, at the start of class.
Record your answers on the answer sheet provided.
"Bill and hold" refers to an arrangement
Sales are recorded
but are not shipped.
B. Sales are shipped but are not recorded.
7—387 Fora-each of the following'independento situations, indicate the type of
report on ICFR you would issue. Justify yourgreport choice.
a. Hansen. Inc., has restated previously issued financial st