STRAYER ACC403/ STRAYER ACC403 FINAL EXAM PART 1 & 2

Aug 11th, 2016
Studypool Tutor
Price: $30 USD

Tutor description

Question Instructions This final exam consists of 25 multiple choice questions and covers the material in Chapters 9 through 13. There are five questions from each chapter. Question 1 6 out of 6 points The preliminary judgment about materiality and the amount of audit evidence accumulated are ________ related. a) directly b) indirectly c) not d) inversely Question 2 6 out of 6 points An auditor who audits a business cycle that has low inherent risk should: a) increase the amount of audit evidence gathered. b) assign more experienced staff to that area. c) increase the performance materiality level for the area. d) expand planning procedures Question 3 6 out of 6 points When allocating performance materiality: a) it is easy to predict in advance which accounts are most likely to be misstated. b) only overstatements need to be considered. c) professional judgment is critical. d) the sum of all the performance materiality levels cannot exceed the preliminary judgmen

Word Count: 3087
Showing Page: 1/14
Strayer Acc403 final exam part 1 and 2QuestionInstructions This final exam consists of 25 multiple choice questions and covers the materialin Chapters 9 through 13. There are five questions from each chapter.Question 16 out of 6 pointsThe preliminary judgment about materiality and the amount of audit evidence accumulated are________ related.a) directlyb) indirectlyc) notd) inverselyQuestion 26 out of 6 pointsAn auditor who audits a business cycle that has low inherent risk should:a) increase the amount of audit evidence gathered.b) assign more experienced staff to that area.c) increase the performance materiality level for the area.d) expand planning proceduresQuestion 36 out of 6 pointsWhen allocating performance materiality:a) it is easy to predict in advance which accounts are most likely to be misstated.b) only overstatements need to be considered.c) professional judgment is critical.d) the sum of all the performance materiality levels cannot exceed the preliminary judgmentabout materiality.Question 46 out of 6 pointsWhy do auditors establish a preliminary judgment about materiality?a) To determine the appropriate level of audit experience required for the work.b) So that the client can know what records to make available to the auditor.c) To plan the appropriate audit evidence to accumulate and develop an overall audit strategy.d) To finalize the assessment of control risk.Question 56 out of 6 pointsAuditors are ________ to document

Review from student

Studypool Student
" Top quality work from this guy! I'll be back! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1824 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors