Examlex
Match the test of controls described below to the appropriate assertion it is used to test.
-Review monthly bank reconciliations
Illegal
Activities or actions that are forbidden by law and subject to governmental sanctions or penalties.
Marital Status
A legally defined status that classifies an individual according to whether they are married, single, divorced, or widowed.
Accountability
Generally involving such concepts as responsibility, liability, and other terms associated with the expectation of account-giving; the acknowledgment and assumption of responsibility for one’s actions.
Responsibility
The duty to deal with something or to take care of something or someone.
Q8: A substantive strategy is typically used to
Q12: Purchase cutoff procedures should be designed to
Q14: In statistical or nonstatistical sampling methods used
Q16: A correction of a material misstatement in
Q30: Data capture occurs through source documentation, direct
Q42: Audit sampling is commonly used to gather
Q51: Give an example of how the audit
Q59: Patented IT program<br>A)Artistic<br>B)Goodwill<br>C)Customer<br>D)Marketing<br>E)Technology<br>F)Contract
Q79: Identify the types of substantive procedures used
Q85: Tracing copies of sales invoices to shipping