Description
Devry ACCT 444 Week 5 Quiz Latest
Question 1
3 / 3 pts
(TCO 6) The auditor looks for an indication on duplicate sales invoices to see whether the invoices have been verified. This is an example of
a test of details of balances.
a test of control.
a substantive test of transactions.
both a test of control and a substantive test of transactions.
Question 2
3 / 3 pts
(TCO 6) Analytical procedures are defined in the auditing standards as
compliance tests.
substantive tests.
tests of controls.
helpful procedures not possessing the validity of other tests available to the auditor.
Question 3
3 / 3 pts
(TCO 6) Which of the following audit tests is usually the most costly to perform?
Analytical procedures
Tests of controls
Tests of balances
Substantive tests of transactions
Question 4
3 / 3 pts
(TCO 6) Which of the following represents an incorrect pairing of a type of audit test and evidence?
Procedures to obtain an understanding of internal controls—documentation
Analytical procedures—ratio analysis
Substantive tests of transactions—confirmation
Tests of details of balances—physical examination
Question 5
3 / 3 pts
(TCO 6) The purpose of tests of controls is to provide reasonable assurance that the
accounting treatment of transactions and balances is valid and proper.
internal control procedures are functioning as intended.
entity has complied with GAAP disclosure requirements.
entity has complied with requirements of quality control.
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Devry ACCT 444 Week 5 Quiz Latest
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