Practice Exam – 10 Points ACC/490 Auditing Student Name: Multiple Choice – Highlight the best answer Point Value: .25 each 1. Which one of the following is among the three components of audit risk? a. incurrence risk b. occurrence risk c. rejection risk d. control risk 2. The Hochfelder Case is important because it limited auditor liability under: a. the 1933 Securities Act. b. the 1934 Securities Exchange Act. c. common law. d. RICO. 3. Which of the following
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Ethical (General) Standards Competence – adequate technical training and proficiency. Competence is knowing what to do. 1. Recognize the assertion being made by management in each element (account) of a financial statement. 2. Decide which evidence is relevant for supporting or refusing the assertion 3. Select and perform procedures of obtaining the evidence 4. Evaluate the evidence and decide whether management assertions correspond to reality and GAAP - Objectivity
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Homework – Week 4 Desislava Tabakova ACC 403 – Auditing I Professor Ashley Braun Harper November 2‚ 2014 Chapter 7: Problems 7-29(a-g) and 7-33(a-b) Chapter 8: Problems 8-29(a-d) and 8-32(a-b) 7-29 A-G A- Recorded amount of entries in the acquisition journal 1- Documentation--consists of the client’s business documents used to support accounting events. The strength of documentation is that it is prevalent and available at a low cost. Documents can be internal or externally
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ACCT 434 Midterm Exam http://homeworkmonster.com/downloads/acct-434-midterm-exam/ ACCT 434 Midterm Exam (TCO 1) For each of the following drivers identify an appropriate activity. a. # of machines b. # of setups c. # of inspections d. # of orders e. # of runs f. # of bins or aisles g. # of engineers (TCO 2) Favata Company has the following information: Month Budgeted Sales June $60‚000 July 51‚000 August 40‚000 September 70‚000 October 72‚000 In addition‚ the cost of goods sold
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CSC 302 Practice Midterm 1 Practice Midterm 1 – Week 6 Computer Science 302 Clark Savage Turner Winter 2013 FORM: ________________ Instructions 1. Read all instructions carefully before you begin your work. This exam is unedited (please give me feedback if anything is obviously problematic‚ even at this practice level.) 2. Be sure your Scantron form has your name‚ your class section and the test form clearly marked on it. Without these identifying features‚ you will receive a 0. There
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LAS432 Midterm Exam Study Guide YOU MAY WANT TO PRINT THIS GUIDE. 1. The Midterm Exam is "open book‚ open notes." The maximum time you can spend in the exam is 3 hours. If you have not clicked the Submit For Grade button by then‚ you will be automatically exited from the exam. In the Midterm Exam environment‚ the Windows clipboard is disabled‚ so you will not be able to copy exam questions or answers to or from other applications. 2. You should click the Save Answers button in the exam frequently
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Business Communications Trial Midterm Create this trial midterm as a 4-page Word document‚ trial midterm‚ and send it as a Word attachment in Blackboard by the deadline on the Semester calendar. It should take at least two to three hours to produce this trial midterm properly. Do not waste time creating letterheads. You will lose credit if you do. In addition‚ each of these documents should have proper reference initials; be sure to check the posted information in Course Content on this topic
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Student Name: ___________________________ Student Number: ___________________________ Class Time: MW 6-9 pm Instructor: M. Zargoush OPERATIONS MANAGEMENT - MGCR 472 MIDTERM EXAMINATION Monday‚ May 27‚ 2013 TIME: 06:00pm – 08:00pm INSTRUCTIONS: 1. 2. 2. Write your Name and Student Number on the exam paper and the exam booklet. There is sufficient space for your solutions. Please write down your answers on the exam sheet. This is a closed book exam and counts for 30% of your final grade
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ACC/422 final exams http://www.finalexamguideline.com/main.sc 1) Which of the following is NOT considered cash for financial reporting purposes? 2) What is the preferable presentation of accounts receivable from officers‚ employees‚ or affiliated companies on a balance sheet? 3) Which of the following is considered cash? 4) If a company employs the gross method of recording accounts receivable from customers‚ then sales discounts taken should be reported
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This paperwork - ACC 422 Week 3 Discussion Questions - consists of: DQ 1: What is the purpose of depreciation? Does the book value of a fixed asset (cost minus accumulated depreciation) communicate to a user what the asset is worth? Explain why or why not. Should the financial statements reflect the value of fixed assets? Explain why or why not. DQ 2: What is an intangible asset? Should all intangible assets be subject to amortization? Explain why or why not. Why are some
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