In determining the effectiveness of an entity's internal controls relating to the occurrence assertion for payroll transactions, an auditor most likely would inquire about and:
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .When performing an engagement to review a nonissuer's financial statements in accordance with Statements on Standards for Accounting and Review Services, an accountant most likely would:
A Restrict the use of the accountant's report. B Ask about actions taken at board of directors' meetings. C Confirm a sample of significant accounts receivable balances. D Obtain an understanding of internal control.
2 .A CPA is required to comply with the provisions of Statements on Standards for Attestation Engagements (SSAE) when engaged to:
A Review management's discussion and analysis (MD&A) prepared pursuant to rules and regulations adopted by the SE B Audit financial statements that the client prepared for use in another country. C Provide the client with a financial statement format that does not include dollar amounts. D Report on...
3 .Which of the following controls would a company most likely use to safeguard marketable securities when an independent trust agent is not employed?
A The investment committee of the board of directors periodically reviews the investment decisions delegated to the treasurer. B The chairman of the board verifies the marketable securities, which are kept in a bank safe-deposit box, each year on the balance sheet date. C Two company officials have ...
4 .In performing a count of negotiable securities, an auditor records the details of the count on a security count worksheet. What other information is usually included on this worksheet?
A An evaluation of the client's internal control concerning physical access to the securities. B An analysis of realized gains and losses from the sale of securities during the year. C An acknowledgment by a client representative that the securities were returned intact. D A description of the clien...
5 .A weakness in internal control over recording retirements of equipment may cause an auditor to:
A Select certain items of equipment from the accounting records and locate them in the plant. B Trace additions to the "other assets" account to search for equipment that is still on hand but no longer being used. C Review the subsidiary ledger to ascertain whether depreciation was taken on each ite...
7 .Which of the following questions would an auditor most likely include on an internal control questionnaire for notes payable?
A Are direct borrowings on notes payable authorized by the board of directors? B Are assets that collateralize notes payable critically needed for the entity's continued existence? C Are the proceeds from notes payable used for the purchase of noncurrent assets? D Are two or more authorized signatur...
8 .When auditing related party transactions, an auditor places primary emphasis on:
A Confirming the existence of the related parties. B Verifying the valuation of the related party transactions. C Evaluating the disclosure of the related party transactions. D Ascertaining the rights and obligations of the related parties.
9 .Which of the following procedures most likely would assist an auditor in determining whether management has identified all accounting estimates that could be material to the financial statements?
A Determine whether accounting estimates deviate from historical patterns. B Confirm inventories at locations outside the entity. C Inquire about the existence of related party transactions. D Review the lawyer's letter for information about litigation.
10 .The refusal of a client's attorney to provide information requested in an inquiry letter generally is considered:
A Reason to withdraw from the engagement. B A limitation on the scope of the audit. C Equivalent to a significant deficiency in internal control. D Grounds for an adverse opinion.
