ACCT 402 Week 8 Final exam

ACCT 402 Week 8 Final exam

Author: Abraham Nolito


1. (TCO 9) If the auditor decides to assess control risk at the maximum level in a private company audit, tests of controls are
2. (TCO 9) When auditors wish to evaluate a sample statistically, the only acceptable selection method is
3. (TCO 9) One of the ways to eliminate nonsampling risk is through
4. (TCO 9) A customer mails and records a check to a client for payment of an unpaid account on December 30. The client receives and records the amount on January 2. The records of the two organizations will be different on December 31. Which of the following applies?
5. (TCO 9) If the auditor decides not to confirm accounts receivable, the auditor should
6. (TCO 9) For most audits, inherent risk for accounts receivable is moderate or low except for which balance-related audit objectives?
7. (TCO 9) An auditor should perform alternative procedures to substantiate the existence of accounts receivable when
8. (TCO 9) Which of the following is not a term relevant to sampling for tests of details?
9. (TCO 9) The relationship between required sample size and the acceptable risk of incorrect acceptance is
10. (TCO 9) The acceptable risk of incorrect acceptance is most related to

See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

26 Sophia partners guarantee credit transfer.

226 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 21 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.