Which of the following characteristics most likely would heighten an auditor's concern about the risk of intentional manipulation of financial statements?
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 .A manufacturing firm identified that it would have difficulty sourcing raw materials locally, so it decided to relocate its production facilities. According to COSO, this decision represents which of the following responses to the risk?
A Risk reduction. B Prospect theory. C Risk sharing. D Risk acceptance.
2 .Inherent risk and control risk differ from detection risk in which of the following ways?
A Inherent risk and control risk are controlled by the auditor. B Inherent risk and control risk exist as a result of the auditor's judgment about materiality. C Inherent risk and control risk exist independently of the audit. D Inherent risk and control risk are calculated by the client.
3 .According to COSO, the position or internal entity that is best suited, as part of the enterprise risk management process, to devise and execute risk procedures for a particular department is:
A A manager within the department. B The audit committee. C The chief executive officer. D The internal audit department.
4 .Which of the following relatively small misstatements most likely could have a material effect on an entity's financial statements?
A An illegal payment to a foreign official that was not recorded. B A petty cash fund disbursement that was not properly authorized. C A piece of obsolete office equipment that was not retired. D An uncollectible account receivable that was not written off.
5 .Which of the following is assigned to goods that were either purchased or manufactured for resale?
A Opportunity cost. B Period cost. C Relevant cost. D Product cost.
7 .Kimbeth Manufacturing uses a process costsystem to manufacture Dust Density Sensors for the mining industry. Thefollowing information pertains to operations for the month of May: Units Beginning work-in-process inventory, May 1 16,000 Started in production during May 100,000 Completed production during May 92,000 Ending work-in-process inventory, May 31 24,000 The beginninginventory was 60 percent complete for materials and 20 percent complete forconversion costs. The ending inventory was 90 percent complete for materialsand 40 percent complete for conversion costs.Costs pertainingto the month of May are as follows:·Beginning inventory costs are: materials, USD54,560;direct labor USD20,320; and factory overhead, USD15,240.·Costs incurred during May are: materials used, USD468,000;direct labor, USD182,880; and factory overhead, USD391,160.·Using the FIFO method, the equivalent unit conversioncost for May is:
A USD5.83 B USD6.20 C USD6.00 D USD5.65
8 .The overall attitude and awareness of those charged with governance (i.e., an entity's board of directors) concerning the importance of internal control usually is reflected in its:
A Control environment. B System of segregation of duties. C Safeguards over access to assets. D Computer-based controls.
9 .Smile Labs develops 35mm film using a four-step process that moves progressively through four departments. The company specializes in overnight service and has the largest drug store chain as its primary customer. Currently, direct labor, direct materials, and overhead are accumulated by department. The cost accumulation system that best describes the system Smile Labs is using is:
A Process costing. B Job order costing. C Activity-based costing. D Operation costing.
10 .The auditor should obtain sufficient knowledge of the client's information and communication system relevant to financial reporting to understand all of the following, except:
A Classes of transactions in the entity's operations that are significant to the financial statements, and how those transactions are processed, from initiation to inclusion in the financial statements. B The financial reporting process, including development of significant accounting estimates and ...
