Question 1

The probability of fraud is not a function of

Accepted Answer

A)  Motive. 
B)  Opportunity. 
C)  Lack of integrity. 
D)  Predication. 
A)  Motive. 
B)  Opportunity. 
C)  Lack of integrity. 
D)  Predication.

Question 2

Each morning the controller gets the prior day's listing of remittances,a copy of the payment report,and a copy of the deposit slip returned from the bank.When comparing these items,the controller would be able to determine that

Accepted Answer

A)  No checks were returned for insufficient funds. 
B)  The cash received and remittance advice received were maintained in a single batch. 
C)  The accounts receivable system has controls over unauthorized access. 
D)  The assistant controller does not also reconcile the subsidiary accounts payable. 
A)  No checks were returned for insufficient funds. 
B)  The cash received and remittance advice received were maintained in a single batch. 
C)  The accounts receivable system has controls over unauthorized access. 
D)  The assistant controller does not also reconcile the subsidiary accounts payable.

Question 3

A common feature of cash management is to require that persons who handle cash be bonded under a(n)________________________________________.

Accepted Answer

The answer of A common feature of cash management is...

Question 4

Upon receipt of customers' checks in the mail room,a responsible employee should prepare a remittance list that is forwarded to the cashier.A copy of the listing should be sent to the

Accepted Answer

A)  Internal auditor to investigate the list for unusual transactions. 
B)  Treasurer to compare the list with the monthly bank statement. 
C)  Accounts receivable bookkeeper to update the subsidiary accounts receivable records. 
D)  Entity's bank to compare the list with the cashier's deposit slip. 
A)  Internal auditor to investigate the list for unusual transactions. 
B)  Treasurer to compare the list with the monthly bank statement. 
C)  Accounts receivable bookkeeper to update the subsidiary accounts receivable records. 
D)  Entity's bank to compare the list with the cashier's deposit slip.

The probability of fraud is not a function of

Each morning the controller gets the prior day's listing of remittances,a copy of the payment report,and a copy of the deposit slip returned from the bank.When comparing these items,the controller would be able to determine that

A common feature of cash management is to require that persons who handle cash be bonded under a(n)________________________________________.

Upon receipt of customers' checks in the mail room,a responsible employee should prepare a remittance list that is forwarded to the cashier.A copy of the listing should be sent to the

Auditing and Assurance Services

Professional Standards

Engagement Planning

Management Fraud and Audit Risk

Risk Assessment: Internal Control Evaluation

Revenue and Collection Cycle

Acquisition and Expenditure Cycle

Production Cycle

Finance and Investment Cycle

Completing the Audit

Reports on Audited Financial Statements

Other Public Accounting Services

Professional Ethics

Legal Liability

Internal Governmental and Fraud Audits

Overview of Sampling

Attributes Sampling

Variables Sampling

Auditing in a Computerized Environment

Filters

Exam 6: Employee Fraud and the Audit of Cash

The probability of fraud is not a function of

Each morning the controller gets the prior day's listing of remittances,a copy of the payment report,and a copy of the deposit slip returned from the bank.When comparing these items,the controller would be able to determine that

A common feature of cash management is to require that persons who handle cash be bonded under a(n)________________________________________.

Upon receipt of customers' checks in the mail room,a responsible employee should prepare a remittance list that is forwarded to the cashier.A copy of the listing should be sent to the

Auditing and Assurance Services

Professional Standards

Engagement Planning

Management Fraud and Audit Risk

Risk Assessment: Internal Control Evaluation

Revenue and Collection Cycle

Acquisition and Expenditure Cycle

Production Cycle

Finance and Investment Cycle

Completing the Audit

Reports on Audited Financial Statements

Other Public Accounting Services

Professional Ethics

Legal Liability

Internal Governmental and Fraud Audits

Overview of Sampling

Attributes Sampling

Variables Sampling

Auditing in a Computerized Environment

Filters