Académique Documents
Professionnel Documents
Culture Documents
MULTIPLE CHOICE:
1.
2.
3.
4.
96
97
I.
6.
98
7.
8.
ANSWER:
9.
11.
12.
99
100
ANSWER:
13.
14.
16.
15.
ANSWER:
17.
20.
19.
18.
101
102
ANSWER:
21.
ANSWER:
22.
23.
ANSWER:
24.
27.
26.
25.
103
104
ANSWER:
28.
29.
31.
30.
105
ANSWER:
34.
106
35.
36.
37.
39.
38.
Inspecting.
ANSWER:
40.
43.
42.
41.
107
108
ANSWER:
44.
45.
46.
ANSWER:
47.
ABC.
ACB.
BAC.
BCA.
ANSWER:
50.
49.
48.
109
110
ANSWER:
51.
ANSWER:
52.
53.
ANSWER:
54.
57.
56.
55.
111
112
58.
59.
60.
61.
CDEAB
CBAED
EACBD
AECBD
ANSWER:
62.
64.
63.
113
COMPLETION:
65.
66.
PLANNING
114
67.
OPERATING EFFECTIVENESS
68.
is an effective
means for further testing of selected internal control
policies and procedures where an audit trail in the form of
documentation exists.
ANSWER:
69.
70.
72.
BASIS
71.
LOW
MATCHING:
QUALITATIVE, QUANTITATIVE
115
Observation
Reprocessing
Document examination and testing
____1.
____2.
____3.
____4.
____5.
____6.
SOLUTION:
1.
2.
3.
4.
5.
6.
b
c
c
c
a
c
116
____1.
____2.
____3.
____4.
____5.
____6.
____7.
SOLUTION:
1.
2.
3.
4.
5.
6.
b
c
d
b,d
a,c
e
117
PROBLEM/ESSAY:
75.
Required:
a.
b.
c.
d.
SOLUTION:
a.
1. Checks may be misappropriated by one or more persons
in data processing;
2. Recording errors might occur in processing the
checks
a.
Wrong customer credited;
b.
Wrong amount entered;
c.
Improper discount taken.
3. Checks may be misappropriated by cashier
118
b.
1. The checks should not be forwarded to data
processing. Rather, the checks should be
transferred directly to the cashier after being
endorsed for deposit only; and a copy of the
prelisting, together with any accompanying
remittance advices, should be sent to data
processing for recording.
2. Controls that should be present:
a.
b.
c.
should be
total of
correctness
computer.
d.
c.
Comparing the prelisting of cash receipts with the
deposit ticket and clearing exceptions to monthly
statements should detect any missing checks.
d.
1.
2.
3.
76.
119
a.
b.
SOLUTION:
a.
1. Auditors must document their understanding of
clients internal control;
2. If control risk is assessed below maximum, the
auditor must document the basis for such
reduction.
b.
1. The auditor considers the controls to be
ineffective;
2. The cost of testing the controls exceeds the cost
savings associated with reduced substantive
testing.