ACC 492 NEW Focus Dreams / tutorialrank.com

1
ACC 492 NEW Focus Dreams / tutorialrank.com
2
ACC 492 NEW Focus Dreams / tutorialrank.com
ACC 492 Week 1 DQ 1(New) For more course
tutorials visit www.tutorialrank.com   What
account balances are included in a revenue and
collection cycle? What specific control
procedures should be in place and operating in
internal control governing revenue recognition
and cash accounting? What assertions
3
ACC 492 NEW Focus Dreams / tutorialrank.com
ACC 492 Week 1 DQ 2(New) For more course
tutorials visit www.tutorialrank.com   Why is it
important to place emphasis on the existence and
rights (ownership) assertions when auditing
accounts receivable? Which audit procedures are
usually the most useful for auditing the
existence and rights assertions?
4
ACC 492 NEW Focus Dreams / tutorialrank.com
ACC 492 Week 2 DQ 2(New) For more course
tutorials visit www.tutorialrank.com   Why does
the auditor examine travel and entertainment
expenses? What would poor controls regarding
executive reimbursements say about the tone at
the top for purposes of evaluating and reporting
on internal control? How
5
ACC 492 NEW Focus Dreams / tutorialrank.com
ACC 492 Week 2 Week 2 Quiz For more course
tutorials visit www.tutorialrank.com   ACC 492
WEEK 2 Week 2 Quiz A CPA obtains a January 10
cutoff bank statement for a client directly from
the bank. Very few of the outstanding checks
listed on the clients December 31 bank
reconciliation cleared during the cutoff period.
6
ACC 492 NEW Focus Dreams / tutorialrank.com
ACC 492 Week 3 DQ 1(New) For more course
tutorials visit www.tutorialrank.com   What
internal control components are common among
long-term assets, liabilities, and equity
accounts? What components are unique to each? How
can an auditor assess these controls
7
ACC 492 NEW Focus Dreams / tutorialrank.com
ACC 492 Week 3 DQ 2(New) For more course
tutorials visit www.tutorialrank.com   What are
the key management assertions related to equity?
What are the most important assertions related
equity? How will auditors test these assertions?
8
ACC 492 NEW Focus Dreams / tutorialrank.com
ACC 492 Week 3 Quiz For more course tutorials
visit www.tutorialrank.com   ACC 492 WEEK 3 Week
3 Quiz Control risk is the risk that a material
misstatement in an account will not be prevented
or detected on a timely basis by the clients
internal controls. The best control to prevent or
detect fictitious payroll
9
ACC 492 NEW Focus Dreams / tutorialrank.com
ACC 492 Week 4 DQ 1(New) For more course
tutorials visit www.tutorialrank.com   What are
the steps that are required for an auditor to
finalize the audit? Which steps are the most
crucial to the outcome of the audit? How will
these steps affect the final audit decision?
10
ACC 492 NEW Focus Dreams / tutorialrank.com
ACC 492 Week 4 DQ 2(New) For more course
tutorials visit www.tutorialrank.com   What types
of opinions does an auditor issue other than
unqualified? How does an opinion other than
unqualified affect the client? In your opinion,
which is the worst? What are the circumstances
that warrant each type of opinion?
11
ACC 492 NEW Focus Dreams / tutorialrank.com
ACC 492 Week 4 Week 4 Quiz For more course
tutorials visit www.tutorialrank.com   ACC 492
WEEK 4 Week 4 Quiz Budd, the purchasing agent of
Lake Hardware Wholesalers, has a relative who
owns a retail hardware store. Budd arranged for
hardware to be delivered by manufacturers to the
relatives retail store on a COD basis,
12
ACC 492 NEW Focus Dreams / tutorialrank.com