For Which of the Following Audit Tests Would a CPA

question 394

Multiple Choice

For which of the following audit tests would a CPA most likely use attribute sampling?

• A) Identifying entries posted to incorrect accounts.
• B) Estimating the amount in an expense account.
• C) Evaluating the reasonableness of depreciation expense.
• D) Selecting receivables for confirmation of account balances.

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Definitions:

Teleconferencing

A means of exchanging information much like a conference call, except everyone can see and hear each other at the same time. All are linked by way of telecommunications equipment.

Participants Locations

The geographical locations or settings where participants of a study or event are based or originate from.

Heat Technique

A method used to apply heat for therapeutic purposes, such as relieving pain or muscle stiffness.

Take Action

To initiate movement or steps towards accomplishing a task or resolving a problem.