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Auditing: Notifications Gradebook Email Live Doc Sharing Dropbox
Auditing: Notifications Gradebook Email Live Doc Sharing Dropbox
Auditing: Notifications Gradebook Email Live Doc Sharing Dropbox
Auditing
Instructor: Daniel Haskin
11. Records of stock and bond certificates are usually maintained by
the company's (Points : 1)
treasurer.
chief financial officer.
transfer agent.
registrar.
12. Appropriate audit inquiries regarding estimates include all of the
following except: (Points : 1)
Who prepares the estimates?.
Why are they prepared?.
What data are used?.
When are they prepared?.
13. Which of the following approaches is most suitable for auditing
the finance and investment cycle? (Points : 1)
Perform extensive tests of controls and limit substantive
procedures to analytical procedures.
Ignore internal controls and perform extensive substantive
procedures.
Gain an understanding of internal controls and perform
extensive substantive procedures.
Ignore internal controls and limit substantive procedures to
analytical procedures.
14. Which of the following is the most important audit consideration
when examining the stockholders' equity section of a client's balance
sheet? (Points : 1)
Changes in the capital stock account are verified by an
independent stock transfer agent.
Stock dividends and stock splits during the year under audit
were approved by the stockholders.
Stock dividends are capitalized at par or stated value on the
dividend declaration date.
Entries in the capital stock account can be traced to
resolutions in the minutes of meetings of the board of directors.
http://online.tamuc.org/re/DotNextLaunch.asp?courseid=12903278&userid=37329774&sessionid=06e7fcd445&tabid=I1urF8dCtjsxFgj4HvHrMOUk9ARpEvy8dpBI… 1/2
7/26/2016 Auditing
resolutions in the minutes of meetings of the board of directors.
http://online.tamuc.org/re/DotNextLaunch.asp?courseid=12903278&userid=37329774&sessionid=06e7fcd445&tabid=I1urF8dCtjsxFgj4HvHrMOUk9ARpEvy8dpBI… 2/2