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Auditing Test

34 Questions  I  By Assman
auditing test
Practice quiz if fuck you.    why do i have to tyupe this to save.  

  
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Question Excerpt

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1.  . Which of the following is an example of an accrued liability?
A.
B.
C.
D.
2.  When an auditor finds a debit to accounts payable, which of the following accounts is most likely to be credited?
A.
B.
C.
D.
3.  Auditors may choose not to confirm accounts payable because:
A.
B.
C.
D.
4.  Which of the following tests of controls most likely would help assure an auditor that goods shipped are properly billed?
A.
B.
C.
D.
5.  An entity's internal control requires for every check request that there be an approved voucher, supported by a prenumbered purchase order, and a prenumbered receiving report. To determine whether checks are being issued for unauthorized expenditures, an auditor most likely would select for testing from the population of:
A.
B.
C.
D.
6.  The assertion most directly addressed when performing the search for unrecorded liabilities is:
A.
B.
C.
D.
7.  . Which statement is correct with respect to accounts payable confirmations?
A.
B.
C.
D.
8.  Which of the following audit procedures is best for identifying unrecorded trade accounts payable?
A.
B.
C.
D.
9.  A likely analytical procedure to test the accuracy of purchase discounts would be to compute the ratio of cash discounts earned to
A.
B.
C.
D.
10.  A client recorded a payable for a large purchase twice. Which of the following controls would be most likely to detect this error in a timely and efficient manner?
A.
B.
C.
D.
11.  . Which of the following manipulations would understate accounts payable on the financial statements?
A.
B.
C.
D.
12.  25. The confirmation of accounts payable is most closely associated with:
A.
B.
C.
D.
13.  . Which of the following audit procedures is aimed most directly at testing the completeness assertion for accounts payable
A.
B.
C.
D.
14.  Which of the following best describes the auditors' approach to the audit of accrued liabilities?
A.
B.
C.
D.
15.  36. Accrued liabilities generally differ from accounts payable in that accrued liabilities:
A.
B.
C.
D.
16.  Which of the following statements is correct regarding accounts payable and the auditor's procedures
A.
B.
C.
D.
17.  Which of the following is a control procedure that is usually applied to accounts payable?
A.
B.
C.
D.
18.  . Which of the following assertions is of principle concern to the auditors in the examination of accounts payable?
A.
B.
C.
D.
19.  Which of the following best describes the specific accounts payable that are selected for confirmation?
A.
B.
C.
D.
20.  For good internal control, a copy of a receiving report should be sent to all of the following departments except:
A.
B.
C.
D.
21.  Auditors should be aware that a voucher system may result in which of the following at year-end:
A.
B.
C.
D.
22.  When the auditors discover an understatement of liabilities, they would most likely also expect to find an:
A.
B.
C.
D.
23.  Which of the following procedures for detecting unrecorded transactions at the client's December 31 year-end is least likely to result in discovery of an unrecorded year-end account payable?
A.
B.
C.
D.
24.  31. Most of the audit work on accounts payable is typically performed:
A.
B.
C.
D.
25.  37. The form typically used to confirm accounts payable:
A.
B.
C.
D.
26.  Which of the following is the best control procedure to prevent the payment of an invoice twice?
A.
B.
C.
D.
27.  With properly designed internal control, the same employee should not be permitted to:
A.
B.
C.
D.
28.  40. The auditors' search for unrecorded liabilities is completed:
A.
B.
C.
D.
29.  Which of the following procedures is least likely to be completed before the balance sheet date?
A.
B.
C.
D.
30.  When the auditors select a sample of items from the vouchers payable register for the last month of the period under audit and trace these items to underlying documents, the auditors are gathering evidence primarily in support of the assertion that
A.
B.
C.
D.
31.  . Unrecorded liabilities are most likely to be found during the review of which of the following documents
A.
B.
C.
D.
32.  47. The auditor will most likely perform extensive tests for possible understatement of:
A.
B.
C.
D.
33.  Internal control over accounts payable is improved when:
A.
B.
C.
D.
34.  Which of the following audit procedures is least likely to detect an unrecorded liability?         
A.
B.
C.
D.
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