Which of the following is least likely to be used as evidence by an external auditor? a.

Question:

Which of the following is least likely to be used as evidence by an external auditor?

a. Substantive tests results

b. Work performed by internal auditors who organizationally report to the controller

c. Tests of controls results

d. Work performed by internal auditors who report to the audit committee of the BOD

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Information Systems

ISBN: 9781337619202

10th Edition

Authors: James A. Hall

See More Books

Question Posted: Apr 03, 2023 03:48 AM

See More Questions

Multiple Choice Questions The following questions deal with assessing control risk in a financial statement audit. Choose the best response. a. The auditor's tests of controls revealed that required...
Multiple- Choice 1. The Sarbanes- Oxley Act of 2002 requires management to include a report on the effectiveness of ICFR in the entitys annual report. It also requires auditors to report on the...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Read the Poem Little Birds Flying and answer the following questions: What it is notifying? To whom it is notifying? How is the work two dimensional? What does it take to realize the project? ...
Average total daily sales at a small food store are known to be $452.80. The store's management recently implemented some changes in displays of goods, order within aisles, and other changes, and it...
A tabular summary of the transactions for Star & Co., an accounting firm, for its first month of operations, July 2021, follows: Instructions a. Describe each transaction that occurred in the month....
For the reaction system: \[\begin{aligned}& \mathrm{A}+\mathrm{B} \xrightarrow{k_{1}} \mathrm{C}+\mathrm{A} \xrightarrow{k_{3}} \mathrm{E} \\& \bigvee_{2} \mathrm{D}+\mathrm{A} earrow\end{aligned}\]...
1. Are any vendors used that are not approved vendors? If so, list the vendor names and the employees who used these vendors. What follow-up steps should be taken on these vendors? 2. Were any...
Mary Parker works at Dell's Electronics. She oversees the marketing department at the company. She has been a part of the Dell Electronics family for over twenty years. Many of her colleagues...
What are the levels of data hierarchy?
What is feedback, and how is it useful in an information system?
PT Inc. is an integrated oil company headquartered in Dallas, Texas. The company has three operating divisions: oil exploration and production (commonly referred to as E& P), pipelines, and refining....
Consider random variables $L_{1}$ and $L_{2}$, modeling loss from two portfolios, and assume that they are jointly normal. Show that, in this case, value-at-risk is subadditive.
The value of your real estate property is $\$ 100,000$. In case of a fire, your property may be lost or damaged, depending on how severe the accident is. Let us assume that the following scenarios...
What is a good working definition of inflation in 10 words or less?
Many aqueous solutions of complex ions display brilliant colors that depend on the identities of the metal ion and ligand(s). Some ligands bind selectively to certain metal ions, producing complex...
Referring to Exercise 1, assume that additional analysis was performed and it was determined that an average of 255 patients (with a standard deviation of 30) requiring blood work come to the lab...
A student spends 20 hours per week in classroom lecture time, 45 hours per week in individual study time, and 5 hours per week travelling to and from school. What is the ratio that exists between the...
Cobb Manufacturing Company uses a process cost system and average costing. The following production data is for the month of June 2011. Production Costs Work in process, beginning of the month:...
What tasks does a payroll clerk perform upon receipt of hours-worked data from the production department?
What documents are included in the audit trail for payroll?
What are the strengths and weakness of batch process with sequential files?
On September 25, Bramble provided services to two clients and billed the clients a total of $700. On October 15, both clients paid their invoice in full. Bramble's cost related to this sale was $430...
Determine the number of 10-combinations of the multiset { a, 4.b, 5. c, 7. d}. .
ABC Company has prepared its financial statements for the year ended December 3 1 , 2 0 2 1 as shown below. Financial statements 2 0 2 1 Balance sheet Dec 3 1 2 0 2 1 2 0 2 0 In EUR' 0 0 0 Land and...

Which of the following is least likely to be used as evidence by an external auditor? a.

Question:

Step by Step Answer:

b Work performed ...View the full answer

Accounting Information Systems

Students also viewed these Business questions