ACC 562 FINAL EXAM STR UNIVERSITY

ACC 562 FINAL EXAM STR UNIVERSITY

  • Submitted By: unquite
  • Date Submitted: 10/06/2016 5:46 AM
  • Category: Business
  • Words: 510
  • Page: 3

ACC 562 FINAL EXAM STR UNIVERSITY
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ACC 562 FINAL EXAM STR UNIVERSITY
1.Developing an understanding of the client’s business and industry is essential to proficiency as discussed in the general standards of GAAS. (Points: 4)
True
False

2. Ratio analysis only involves a year-to-year comparison of account balances. (Points: 4)
True
False
3. Control is considered to be part of corporate governance. (Points: 4)
True
False
4. When control risk is assessed at a maximum level, the auditor assumes that the internal controls are reliable in preventing or detecting material misstatements. (Points: 4)
True
False
5. Accounting subsystems are accounting cycles composed of one or more accounting applications. (Points: 4)
True
False

6. Presentation and disclosure assertions imply that all transactions and balances are properly presented, disclosures represent what actually happened, and the footnote disclosures are appropriate and adequate. (Points: 4)
True
False





ACC 562 FINAL EXAM STR UNIVERSITY
To view more, click on following link:
http://unquite.com/question-details/ACC-562-FINAL-EXAM-STR-UNIVERSITY/498
or email us at:
query@unquite.com

ACC 562 FINAL EXAM STR UNIVERSITY
1.Developing an understanding of the client’s business and industry is essential to proficiency as discussed in the general standards of GAAS. (Points: 4)
True
False

2. Ratio analysis only involves a year-to-year comparison of account balances. (Points: 4)
True
False
3. Control is considered to be part of corporate governance. (Points: 4)
True
False
4. When control risk is assessed at a maximum level, the auditor assumes that the internal controls are reliable in preventing or detecting material misstatements. (Points: 4)
True
False
5. Accounting subsystems are accounting cycles composed of one or more...

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