+1835 731 5494 Email: instantessays65@gmail.com

ACC/599 ACC599 ACC 599 Week 11 Final Exam

$12.99

ACC 599 Final Exam • Question 1 6 out of 6 points The Standards of the PCAOB can be broken up into three categories, i.e., general, fieldwork, and reporting. Which of the following is considered in the fieldwork standards? Correct Answer: Internal control. • Question 2 6 out of 6 points To satisfy the fieldwork standards, what must an auditor do? • Question 3 6 out of 6 points Which document is used by auditors to formally accept a new client? • Question 4 6 out of 6 points What is the scope of applicability of the auditing standards of the AICPA? • Question 5 6 out of 6 points Which of the following documents will an auditor use to demonstrate an understanding of internal control? • Question 6 6 out of 6 points The PCAOB’s AS No. 5 states that internal controls may be preventive or detective. Which of the following controls is preventive? • Question 7 6 out of 6 points Which of the following services does the PCAOB require auditors of public companies to perform? • Question 8 6 out of 6 points Which of the following is an example of a physical control to safeguard assets? • Question 9 6 out of 6 points Which of the following represents a situation in which auditors may disclose client information to outside parties? • Question 10 6 out of 6 points The auditor is normally not permitted to divulge confidential information obtained from a client. Which of the following situations would be a violation of this standard? • Question 11 6 out of 6 points Mark Pulley is an auditor at Pulley and Hurst, LLC. If Pulley’s five-year-old daughter owns shares of stock in McBurgers Corporation, then what is Pulley considered to have? • Question 12 6 out of 6 points In determining the types of activities, engagements and interactions an auditor should have with a client, what must the CPA and the audit firm do? • Question 13 6 out of 6 points Which of the following must exist prior to the recognition of revenue by a company from the sale of a product? • Question 14 6 out of 6 points Unreturned positive confirmations for accounts receivable warrant which of the following actions? • Question 15 6 out of 6 points Sales transactions should be documented at initiation in order to accomplish which of the following objectives? • Question 16 6 out of 6 points Calculating the turnover of receivables is often used in testing the sales cycle by auditors when performing which of the following? • Question 17 6 out of 6 points The following are examples of specific assets except • Question 18 6 out of 6 points Inherent risk • Question 19 6 out of 6 points All of the following are recommended features of a fire protection system for a computer center except • Question 20 6 out of 6 points Which organizational structure is most likely to result in good documentation procedures? • Question 21 6 out of 6 points _______ is a performance evaluation method that focuses on both financial and nonfinancial indicators of performance such as customer satisfaction. • Question 22 6 out of 6 points What are special purpose entities (SPEs)? • Question 23 6 out of 6 points What is the meaning of “short sell”? • Question 24 6 out of 6 points In liability fraud, liabilities are most often: • Question 25 6 out of 6 points Recognizing unearned revenue as earned revenue is an example of which type of fraud?

Reviews

There are no reviews yet.

Be the first to review “ACC/599 ACC599 ACC 599 Week 11 Final Exam”

Your email address will not be published. Required fields are marked *