Question 1

Procedures for the audit of warranty expense are generally coordinated with which of the following audit programs?

Accepted Answer

A)  Inventory and liabilities. 
B)  Inventory, sales, and repairs and maintenance. 
C)  Investments and intangibles. 
D)  Sales, inventory, and interest expense. 
A)  Inventory and liabilities. 
B)  Inventory, sales, and repairs and maintenance. 
C)  Investments and intangibles. 
D)  Sales, inventory, and interest expense.

Question 2

What procedures should an auditor perform if he or she auditing the financial statements of a company and finds out that the company has several clearing accounts?

Accepted Answer

Clearing and other miscellaneous account

Question 3

The audit of the year-end franchise revenue balances is normally conducted in conjunction with which related account group?

Accepted Answer

A)  Fixed assets, receivables. 
B)  Receivables, intangibles. 
C)  Receivables, investments. 
D)  Revenues, receivables. 
A)  Fixed assets, receivables. 
B)  Receivables, intangibles. 
C)  Receivables, investments. 
D)  Revenues, receivables.

Question 4

The primary objective of performing analytical procedures in the final review stage of an audit is to ________.

Accepted Answer

A)  obtain evidence from details tested to corroborate management assertions 
B)  obtain evidence on the validity of the assessment of control risk 
C)  assist the auditor in evaluating the overall financial statement presentation 
D)  identify areas that represent specific risks relevant to the audit 
A)  obtain evidence from details tested to corroborate management assertions 
B)  obtain evidence on the validity of the assessment of control risk 
C)  assist the auditor in evaluating the overall financial statement presentation 
D)  identify areas that represent specific risks relevant to the audit

Procedures for the audit of warranty expense are generally coordinated with which of the following audit programs?

What procedures should an auditor perform if he or she auditing the financial statements of a company and finds out that the company has several clearing accounts?

The audit of the year-end franchise revenue balances is normally conducted in conjunction with which related account group?

The primary objective of performing analytical procedures in the final review stage of an audit is to ________.

Introduction to Auditing

Auditors Professional Roles and Responsibilities

Auditors Ethical and Legal Responsibilities

Reports on Audited Financial Statements

Preliminary Audit Planning: Understanding the Auditees Business

Assessing Risks in an Audit Engagement

Internal Control Over Financial Reporting

Audit Evidence and Assurance

Control Assessment and Testing

Audit Sampling

The Revenues, Receivables, and Receipts Process and Cash Account Balance

The Purchases, Payables, and Payments Process

Payroll and Production Processes

The Finance and Investment Process

Applying Professional Judgment to Form the Audit Opinion and Issue Theaudit Report

Other Public Accounting Services and Reportsreviews and Compilations

Professional Rules of Conduct Details and Auditor Responsibilities

Part I the Audit of Accounting Estimates: Basic Material Relating to Accountingestimates

Legal Liability Cases

Other Professional Accounting Services and Reports, Including Fraud

Filters

Exam 15: Completing the Audit Work

Procedures for the audit of warranty expense are generally coordinated with which of the following audit programs?

What procedures should an auditor perform if he or she auditing the financial statements of a company and finds out that the company has several clearing accounts?

The audit of the year-end franchise revenue balances is normally conducted in conjunction with which related account group?

The primary objective of performing analytical procedures in the final review stage of an audit is to ________.

Introduction to Auditing

Auditors Professional Roles and Responsibilities

Auditors Ethical and Legal Responsibilities

Reports on Audited Financial Statements

Preliminary Audit Planning: Understanding the Auditees Business

Assessing Risks in an Audit Engagement

Internal Control Over Financial Reporting

Audit Evidence and Assurance

Control Assessment and Testing

Audit Sampling

The Revenues, Receivables, and Receipts Process and Cash Account Balance

The Purchases, Payables, and Payments Process

Payroll and Production Processes

The Finance and Investment Process

Applying Professional Judgment to Form the Audit Opinion and Issue Theaudit Report

Other Public Accounting Services and Reportsreviews and Compilations

Professional Rules of Conduct Details and Auditor Responsibilities

Part I the Audit of Accounting Estimates: Basic Material Relating to Accountingestimates

Legal Liability Cases

Other Professional Accounting Services and Reports, Including Fraud

Filters