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ACCT 551 Week 4 Homework Assignment

ACCT 551 Week 4 Homework Assignment

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9-22 (Objectives 9-1, 9-2) The following questions deal with materiality. Choose the best response.
9-23 (Objectives 9-6, 9-8) The following questions concern audit risk. Choose the best response.
9-24 (Objective 9-9) The following questions deal with audit risk and evidence. Choose the best response.
a. As the acceptable level of detection risk decreases, an auditor may
10-30 (Objectives 10-1, 10-2, 10-7) The following are general questions about internal control. Choose the best response.
·a. When considering internal control, an auditor must be aware of the concept of reasonable assurance, which recognizes that the
10-33 (Objective 10-3) Following are descriptions of ten internal controls.
1. The company’s computer systems track individual transactions and automatically accumulate transactions to create a trial balance.


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