ACCT 444 Innovative Education--snaptutorial.com

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ACCT 444 Innovative Education--snaptutorial.com
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Team Assignment Course Project For
more classes visit www.snaptutorial.com   Group C
Course Project Week 7 16-35   A. Following are
the relationships, ratios, and trends that
provide useful information about the overall
reasonableness of accounts payable
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 1 Homework 1-18, 2-19, 4-22, 26-25
For more classes visit www.snaptutorial.com   ACC
T 444 Week 1 Homework 1-18, 2-19, 4-22, 26-25  
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 1 Quiz For more classes
visit www.snaptutorial.com   1. (TCO 3) The
organization that is responsible for providing
oversight for auditors of public companies is
called the _____   2. (TCO 1) Which one of the
following is not a field work standard?   3. (TCO
1) Which of the following is not an example of
the application of professional skepticism?   4.
(TCO 1) An operational audit has as one of its
objectives to  
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 2 Homework Problems For more
classes visit www.snaptutorial.com   Chapter5
5-23, Chapter5 5-24, Chapter 6 6-23, Chapter 6
6-27,Chapter 11 11-30,  
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 2 Quiz For more classes
visit www.snaptutorial.com   1. (TCO 4) In
connection with the audit of financial
statements, an independent auditor could be
responsible for failure to detect a material
fraud if 2. (TCO 4) "Absence of reasonable care
that can be expected of a person is a set of
circumstances" defines 3. (TCO 4) While
performing services for their clients,
professionals have a duty to provide a level of
care that is 4. (TCO 4) The objective of the
ordinary audit of financial statements is the
expression of an opinion on
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 3 Course Project For more classes
visit www.snaptutorial.com   ACCT 444 Week 3
Course Project  
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 3 Homework Problems For more
classes visit www.snaptutorial.com   7-27
(Objective 7-4) The following are examples of
documentation typically obtained by
auditors 7-30 (Objective 7-4) Eight different
types of evidence were discussed. The following
questions concern the reliability of that
evidence 7-31 (Objective 7-4) As auditor of the
Star Manufacturing Company, you have obtained
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 3 Homework For more classes
visit www.snaptutorial.com   ACCT 444 Week 3
Homework  
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 3 Quiz For more classes
visit www.snaptutorial.com   1. (TCO 6) Which of
the following statements regarding documentation
is not correct?   2. (TCO 6) When analytical
procedures reveal no unusual fluctuations, the
implication is that   3. (TCO 6) The primary
purpose of performing analytical procedures in
the testing phase of an audit is to
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 4 Course Project For more classes
visit www.snaptutorial.com   ACCT 444 ACCT/444
ACCT 444 Week 4 Course Project
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ACCT 444 Innovative Education--snaptutorial.com
  ACCT 444 Week 4 Homework Problems For more
classes visit www.snaptutorial.com   ACCT 444
Week 4 Homework Problems
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 4 Quiz For more classes
visit www.snaptutorial.com   1. (TCO 5) Which of
the following parties provides an assessment of
the effectiveness of internal control over
financial reporting for public companies?   2.
(TCO 5) Internal control reports issued by public
companies must identify the framework used to
evaluate the effectiveness of internal control.
Which of the following is the most common
framework in the U.S.?   3. (TCO 5) Management's
tests of operating effectiveness might include
which of the following types of procedures?  
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 5 Course Project For more classes
visit www.snaptutorial.com   ACCT 444 Week 5
Course Project
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 5 Homework Problems For more
classes visit www.snaptutorial.com   13-26
(Objectives 13-1, 13-2, 13-3, 13-6)The following
are audit procedures from different transaction
cycles 1. Use audit software to foot and
cross-foot the cash disbursements journal and
trace the balance to the general ledger. 2.
Select a sample of entries in the acquisitions
journal and trace each one to a related vendors
invoice to determine whether one exists.
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 5 Quiz For more classes
visit www.snaptutorial.com   1. (TCO 6) For
efficiency, tests of controls are frequently done
at the same time as   2. (TCO 6) Which of the
following is not a direct result of performing
analytical procedures?   3. (TCO 6) Which of the
following audit tests is usually the most costly
to perform?   4. (TCO 6) Which of the following
represents an incorrect pairing of a type of
audit test and evidence?  
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 5 Team Memorandum For more
classes visit www.snaptutorial.com   ACCT 444
Week 5 Team Memorandum  
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 6 Homework Problems For more
classes visit www.snaptutorial.com   Homework Chap
ter 14, pages 468469 Problems 14-21, 14-22,
14-23, and 14-24 Chapter 15, pages 509511
Problems 15-22, 15-24 and 15-25 Chapter 16, pages
543545 Problems 16-20, 16-21, 16-22, and
16-24 Chapter 17, page 594 Problem 17-28
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 6 Quiz For more classes
visit www.snaptutorial.com   1. (TCO 9) If the
auditor decides to assess control risk at the
maximum level in a private company audit, tests
of controls are   2. (TCO 9) When auditors wish
to evaluate a sample statistically, the only
acceptable selection method is   3. (TCO 9) One
of the ways to eliminate nonsampling risk is
through  
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 7 Course Project For more classes
visit www.snaptutorial.com   Pinnacle
Manufacturing Part VII   Assume that your
understanding of internal controls over
acquisitions and cash disbursements and the
related tests of controls and substantive tests
of transactions support an assessment of a low
control risk. The listing of the 519 accounts
making up the accounts payable balance of
12,969,686 at December 31, 2011 is included
under the Pinnacle link on the textbook Web
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 7 Homework Problems For more
classes visit www.snaptutorial.com   3-27
(Objectives 3-1, 3-2, 3-4, 3-6, 3-7)Patel, CPA,
has completed the audit of the financial
statements of Bellamy Corporation as of and for
the year ended December 31, 2011. Patel also
audited and reported on the Bellamy financial
statements for the prior year. Patel drafted the
following report for 2011. 3-32 (Objectives 3-1,
3-2, 3-4) The following tentative auditors
report was drafted by a staff accountant and
submitted to a partner in the accounting firm of
Better Best, CPAs
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 7 Homework For more classes
visit www.snaptutorial.com   ACCT 444 Week 7
Homework
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 7 Quiz For more classes
visit www.snaptutorial.com   1. (TCO 2) When
determining whether an exception is highly
material the extent to which the exception
affects different elements of the financial
statements must be considered. This concept is
called   2. (TCO 2) When a client has not applied
GAAP consistently from the prior year to the
current year, the auditor does not concur with
the appropriateness of the change, and the change
in GAAP has a material effect on the financial
statements, the auditor should issue a(n)
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ACCT 444 Innovative Education--snaptutorial.com
ACCT 444 Week 7 Quiz Set 2 For more classes
visit www.snaptutorial.com   1. (TCO 2) If a
misstatement is immaterial to the financial
statements of the entity for the current period,
but is expected to have a material effect in
future periods, it is appropriate to issue
a(n) 2. (TCO 2) When the auditor believes a
company's financial statements are misleading
because they were not prepared in conformity with
GAAP, the auditor must issue a(n) 3. (TCO 2) When
qualifying an opinion because of an insufficiency
of audit evidence, an auditor should refer to the
situation in the
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ACCT 444 Innovative Education--snaptutorial.com