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f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | COMNAVSURFLAMTINST 4790.20/ COMNAVSURFPACINST 4790.9. | What joint instruction gives guidance for use of the CSOSS? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | Section I. | Which section of the Equipment Identification Code Master Index, NAMSO 4790.E2579, lists EIC numbers in numerical sequence and identifies the equipment nonmenclature assigned to each EIC number? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | The amount of body resistance you have to the current flow, the path the current takes through your body, and the length of time the current flows through your body. | What three key factors will determine the severity of electric shock on your body? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | Isolate, insulate, and ground. | What three one-word commands should you follow to prevent shocking yourself?ere | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | ALWAYS notify and obtain permission from your commanding officer (afloat) or your supervisor (ashore) to work on energized equipment. (Some commands require you to complete a checklist before doing this.) | What is the FIRST step in taking voltage measurements below 300 volts? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | When your measuring a voltage above 300 volts, you must NOT hold the test probe while the equipment is energized. Instead, you must attach the test probes while the equipment is de-energized. | What is the major difference between using a test probe to measure a voltage above 300 volts and using it to measure a voltage of 300 volts or less? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | Electrostatic discharge (ESD). | What dangerous effect to electronic components are EDS precautions designed to reduce or eliminate? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | A microwave oven. RF injuries result from the tissue being “cooked” in a manner similar to the way food is cooked in a microwave oven. | What common household appliance is typically used to illustrate the tissue damage that can be done by harmful RF exposure? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | Working aloft or over the side, doing corrective or preventive maintenance. | What three situations discussed in the text require you to tag out equipment? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | Ensure that personnel are qualified to do the work they are about to do, maintain tag-out logs, signing and issuing tags and tag-out record sheets, clear the record sheets from the tag-out logs, and destroying the tags when the work is completed. | Name two tagout responsibilities of your department authorizing officer for tag out procedures. | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | Tag-out logs, CAUTION Tags (NAVSHIPS 9890/5), DANGER Tags (NAVSHIPS 9890/8), OUT-OF-CALIBRATION Labels (NAVSEA 9210/6), and OUT-OF-COMMISSION Labels (NAVSHIPS 9890/7). | What are the five tag-out documents that you may use in your job as a Fire Controlman? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | Safety shoes, rubber gloves, safety shorting probes, eye protection, hearing protection, respiratory protection, and deck-insulating material. | Name four types of personal protective equipment associated with working with electricity. | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | (1) the name of the material, (2) the name and address of the manufacturer, and (3) the nature of the hazard, including the target organ affected by the material. | What is the minimum information that OSHA regulations require for labeling of hazardous materials? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | Compatibility information, control measures, safety precautions, health hazards, spill control, and disposal guidelines for 22 hazardous material groups. | What information can you find in the HMUG? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | Insulators and coolants in electrical equipment. | What are PCBs normally used for on board a ship? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | A very high voltage and x-ray emissions. | What are two hazards associated with an energized CRT? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | To warn personnel of hazards that can cause personal injury. | What is the purpose of a ”WARNING”? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | To draw attention to situations that may be potentially damaging to equipment. | What is the purpose of a “CAUTION”? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | To ensure that each person is qualified and certified before performing any task involving explosives. | What is the purpose of the Explosives Handling Personnel Qualification and Certification Program? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | The type commander. | Who can authorize the use of live ordnance for training purposes? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | For a maximum of 12 months, unless it is revoked for cause. | Once an individual is certified to handle explosives, for how long is the certification valid? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | A logistics movement. | What type of handling evolution involves the transfer of ammunition from one ship to another? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | NAVSEA SW020-AC-SAF-010, Volume 1 and Volume 2, Transportation and Storage Data for Ammunition, Explosives and Related Hazardous Materials. | What NAVSEA OP should you use to find general instructions for preparation and shipping ordnance items? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | Primary magazines, missile magazines, ready-service magazines, lockers and chemical magazines. | What are the five major types of shipboard magazines? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | Lockers. | What type of ammunition stowage spaces are frequently located on ship’s weather decks? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | The F alarm circuit. | What alarm circuit is known as the “high-temperature alarm”? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | The FH alarm circuit. | What alarm circuit is known as the “magazine sprinkler alarm”? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | Once a day. | Under normal conditions, how often should you take magazine temperature readings? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | In a conspicuous manner (red ink). | How should magazine temperatures that are in excess of 100 F be recorded in the permanent temperature log? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | The sign is a yellow rectangle, 5 inches high by 9 inches wide. Painted on the sign are black slanted lines, 1/8-inch thick and one-inch long, on 3/4-inch centers along the top and bottom edges, with lines slanting from top right to bottom left. The letters are 1/8-inch thick and 3/4-inch high. | What does an “AMMUNITION FAR SIDE” sign look like? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | The dry-type and the wet-type. | What are the two basic types of hydraulically-controlled sprinkler systems? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
f86b7d45_5AUG2011_Flashcards___Cram_com___ship_s_eight_o_clock_reports_ | The dry-type sprinkler system. | Which type of sprinkler system uses fresh water to charge the piping between the outlet side of the main sprinkler valve and the sprinkler heads? | [] | FC Volume 01 14098 15AUG2011 Flashcards - Cram.com | What resources should you use to determine what reports should be turned in for your ship’s eight o’clock reports? | http://www.cram.com/flashcards/fc-volume-01-14098-15aug2011-1868359 | 25/1438042989790.89_20150728002309-00309-ip-10-236-191-2_374582390_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following statements is not true with respect to assurance, attest, and audit services? A. These services are applied only to financial statements and financial statement accounts. B. These services all involve obtaining and evaluating evidence. C. These services all involve determining the correspondence ... | A. These services are applied only to financial statements and financial statement accounts. | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following is true with respect to the auditor's report? A. The report indicates that the client's financial statements were audited in accordance with generally accepted accounting standards. B. The report indicates that the client's financial statements were audited in accordance with applicable auditing ... | B. The report indicates that the client's financial statements were audited in accordance with applicable auditing standards. | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The basic purpose of a financial statement audit is to A. Detect fraud B. Examine individual transactions so that the auditor may certify as to their validity. C. Provide assurance regarding whether the client's financial statements are fairly stated. D. Assure the consistent application of correct accounting procedure... | C. Provide assurance regarding whether the client's financial statements are fairly stated. | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following best described the fundamental, underlying reason for why there is demand for an independent auditor to report on financial statements? A. A management fraud may exist and it is more likely to be detected by auditors if they are independent. B. Different interests may exist between the company pr... | B. Different interests may exist between the company preparing the statements and the parties using the statements. | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following best describes why publicly-traded corporations follow the practice of having the external auditor appointed by the board of directors or elected by the stockholders? A. To promote an adversarial relationship between the auditor and the corporation's management. B. To enhance auditor independence... | B. To enhance auditor independence from the management of the corporation. | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Because of the risk of material misstatement, an audit of financial statements in accordance with generally accepted auditing standards should be planned and performed with an attitude of A. Objective cynicism B. Independent differentialism C.Professional skepticism D. Impartial conservatism | C.Professional skepticism | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which assertions may be tested for the "transactions and events" category of management assertions? A. Existence, completeness, rights and obligations, accuracy, cutoff, and classification B. Occurrence, completeness, rights and obligations, accuracy, cutoff and classification C. Occurrence, completeness, authorization... | C. Occurrence, completeness, authorization, accuracy, cutoff and classification | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The primary responsibility for the adequacy of disclosures in the financial statements of a publicly held company rests with the A. Partner assigned to the audit engagement B. Management of the company C. Auditor in charge of the fieldwork D. SEC | B. Management of the company | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | What is the general character of the work conducted in performing a forensic audit for a company? A. Providing assurance that the financial statements are not materially misstated B. Detecting or deterring fraudulent activity C. Offering an opinion on the reliability of the specific assertions made by management D. Ide... | B. Detecting or deterring fraudulent activity | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The main difference between SAS and AU is: A. They are the same except that SAS are organized chronologically and the AU are organized by topical area. B. SAS are issued by the ASB and AU are issued by the PCAOB. C. SAS are issued by the PCAOF and AU are issued by the ASB. D. SAS define minimum standards of performance... | A. They are the same except that SAS are organized chronologically and the AU are organized by topical area. | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which assertions may be tested for the "presentation and disclosure" category of management assertions? A. Existence, right and obligations, cutoff and classification, completeness, accuracy and valuation B. Occurrence, right and obligations, existence, accuracy and valuation, cutoff and classification C. Occurrence, c... | D. Occurrence, rights and obligations, completeness, classification and understandability, accuracy and valuation | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | A properly planned and performed audit may fail to detect a material misstatement resulting from fraud because A, Audit procedures that are otherwise effective may be ineffective for fraud that is concealed through collusion B. An audit is planned and performed to provide reasonable assurance of detecting material miss... | A, Audit procedures that are otherwise effective may be ineffective for fraud that is concealed through collusion | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following is a known misstatement? A, A management estimate that is outside the range of reasonable outcomes determined by the auditor B. A fixed asset being recorded at the incorrect cost C. A projected misstatement resulting from errors found during sampling D. Difference in judgment between the auditor ... | B. A fixed asset being recorded at the incorrect cost | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The auditor can respond to an increased risk of fraud by doing all of the following except A. Heavily emphasizing the importance of professional skepticism B. Assigning more experienced personnel to the audit C. Increasing detection risk D. Taking steps to obtain more reliable evidence | C. Increasing detection risk | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following is correct concerning required auditor communications about fraud? A. Fraud that involves senior management should be reported directly by the auditor to the audit committee regardless of the amount involved B. Fraud with a material effect on the financial statements should be reported directly b... | A. Fraud that involves senior management should be reported directly by the auditor to the audit committee regardless of the amount involved | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | In general, material frauds perpetrated by which of the following are most difficult to detect? A. Internal auditor B. Keypunch operator C. Cashier D, Controller | D, Controller | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following is not a qualitative factor that may affect an auditor's establishment of materiality? A. Potential for fraud B. The company is close to violating loan covenants C. Firm policy sets materiality at 4% of pretax income D. A small misstatement would interrupt an earnings trend | C. Firm policy sets materiality at 4% of pretax income | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | An auditor discovers a likely fraud during an audit but concludes that the overall effect of the fraud is not sufficiently material to affect the audit opinion. The auditor should probably A. Disclose the fraud to the appropriate level of the client's management B. Disclose the fraud to appropriate authorities external... | A. Disclose the fraud to the appropriate level of the client's management | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | An example of audit evidence with a medium level of reliability is: A. Scanning B. Recalculation C. Observation D. All of the above | A. Scanning | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Audit documentation A. Must be in electronic form B. Must be in paper form only C, Is not required, but is strongly recommended D. May be in paper, electronic, or some other form | D. May be in paper, electronic, or some other form | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | All of the following are typically in the current file except A. Adjusting journal entries B. Copies of the audit report C. Chart of accounts D. Lead schedules | C. Chart of accounts | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | To test for unsupported entries in the ledger, the direction of audit testing should start from the A. Ledger entries B. Journal entries C. Externally generated documents D.Original source documents | A. Ledger entries | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The permanent audit file usually includes: A. Working trial balance B. Organizational chart C, Audit plan D. Audit programs | B. Organizational chart | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Your audit client is under intense pressure to meet an earnings target. Which transaction assertion for transactions within the purchasing process are you most concerned with? A. Existence or occurrence B. Completeness C. Rights and obligations D. Presentation and disclosure | B. Completeness | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Before accepting an engagement to audit a new client, a CPA is required to obtain A. an understanding of the prospective client's industry and business B. the prospective client's signature on the engagement letter C. a preliminary understanding of the prospective client's control environment D. the prospective client'... | D. the prospective client's consent to make inquiries of the predecessor auditor, if any | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The auditor notices significant fluctuations in key elements of the company's financial statements. If management is unable to provide an acceptable explanation, the auditor should A. consider the matter a scope limitation B. perform additional audit procedures to investigate the matter further C. intensify the examina... | B. perform additional audit procedures to investigate the matter further | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | To provide for the greatest degree of independence in performing internal audit functions, an internal auditor most likely should report to the A. financial vice-president B. corporate controller C. board of directors D. corporate stockholders | C. board of directors | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | When a CPA is approached to perform an audit for the first time, the CPA should make inquiries of the predecessor auditor. This is a necessary procedure because the predecessor may be able to provide the successor with information that will assist the successor in determining A. whether the predecessor's work should be... | D. whether the engagement should be accepted | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Hawkins requested permission to communicate with the predecessor auditor and review certain portions of the predecessor auditor's working papers. The prospective client's refusal to permit this will bear directly on Hawkin's decision concerning the A. adequacy of the preplanned audit program B. ability to establish con... | D. integrity of management | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following factors most likely would cause a CPA not to accept a new audit engagement? A. the prospective client's unwillingness to permit inquiry of its legal counsel B. the inability to review the predecessor auditor's documentation C. the CPA's lack of understanding of the prospective client's operations... | A. the prospective client's unwillingness to permit inquiry of its legal counsel | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | As a result of analytical procedures conducted during the planning phase, the independent auditor determines that the gross profit percentage has declined from 30% in the preceding year to 20% in the current year. The auditor should A. express an opinion which is qualified due to the inability of the client company to ... | D. consider the possibility of an error in the financial statements | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Analytical procedures may be classified as being primarily which of the following? A. test of controls B. substantive procedures C. tests of ratios D. detailed tests of balances | B. substantive procedures | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | In assessing whether to accept a client for an audit engagement, a CPA should consider the A. entity's business risk B. CPA's engagement risk C. entity's business risk and CPA's engagement risk D. neither the entity's business risk or the CPA's engagement risk | C. entity's business risk and CPA's engagement risk | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | After obtaining an understanding of internal controls and assessing control risk of an entity, an auditor decided not to perform tests of controls for purposes of the audit. The auditor most likely decided that A. the available evidential matter obtained through tests of controls would not support an increased level of... | C. it would be inefficient to perform tests of controls that would result in a reduction in planned substantive procedures | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Effective internal control in a small company that has an insufficient number of employees to permit proper division of responsibilities can best be enhanced by A. employment of temporary personnel to aid in the separation of duties B. direct participation by the owner of the business in the record-keeping activities o... | B. direct participation by the owner of the business in the record-keeping activities of the business | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | In obtaining an understanding of an entity's internal control in a financial statement audit of a non-public company, an auditor is not obligated to A. determine whether the control activities have been placed in operation B. perform procedures to understand the design of the internal control policies C. document the u... | D. search for significant deficiencies in the operation of the internal control | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The basic concept of internal control which recognizes that the cost of internal control should not exceed the benefits expected to be derived is known as A. reasonable assurance B. management responsibility C. limited liability D. management by exception | A. reasonable assurance | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The normal sequence of documents and operations on a well-prepared systems flowchart is A. top to bottom and left to right B. bottom to top and left to right C. top to bottom and right to left D. top to bottom and left to right | A. top to bottom and left to right | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The concept of reasonable assurance in the context of an entitiy's internal controls reconginzes that A. auditors mmay fail to detect material misstatements B. proper internal controls guarantee that material misstatements will not occur C. proper internal controls preclude fraud D. the costs of some controls may be to... | D. the costs of some controls may be too high to implement in relation to potential benefits | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The independent auditor selects several transactions in each functional area and traces them through the entire system, paying special attention to evidence about whether or not the control activities are in operation. This is an example of a(n) A. analytical procedure B. test of controls C. substantive procedure D. fu... | B. test of controls | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | In a properly designed internal control system, the same employee may be permitted to A. receive and deposit checks and also approve write-offs of customer accounts B. approve vouchers for payment and also sign checks C. reconcile the bank statements and also receive the deposit cash D. sign checks and also cancel supp... | D. sign checks and also cancel supporting documents | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | A procedure that would most likely be used by an auditor in performing tests of control activities that involve segregation of functions and that leave no transaction trail is A. inspection B. observation C. reperformance D. reconciliation | B. observation | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The risk assessment component of internal controls refers to A. the auditor's assessment of control risk B. the auditor's assessment of client risk C. the entity's identification and analysis of risks relevant to achievement of its objectives D. the entity's monitoring of the potential for material misstatements | C. the entity's identification and analysis of risks relevant to achievement of its objectives | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The PCAOB's definition of internal control over financial reporting specifically mentions all of the following control activities, except A. the maintenance of asset records B. the segregation of duties C. the authorization by management of receipts and expenditures D. the safeguarding of assets | B. the segregation of duties | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Prior to issuing a report on internal controls over financial reporting, an auditor is required to: A. perform procedures sufficient to identify all control deficiencies B. communication to management, in writing, all control deficiencies previously included in written communication from the internal auditors C. commun... | C. communicate to management, in writing, all control deficiencies identified during the audit and inform the audit committee when such a communication has been made | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | An auditor will use the IT test data method in order to gain certain assurances with respect to the A. input data B. machine capacity C. procedures contained within the program D. degree of keypunching accuracy | C. procedures contained within the program | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The advantages of generalized audit software include all of the following except A. it involves auditing while the data are being processed (real-time) B. it is easy to use C. the time to develop the application is usually short D. an entire population can be examined in some instances | A. it involves auditing while the data are being processed (real-time) | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following statements included in management's assessment of the effectiveness of internal control over financial reporting would be considered acceptable for issuing an unqualified opinion? A. nothing has come to management's attention to suggest that the company's internal control is less than effective B... | D. disclosure of material weaknesses corrected during the period | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following is not an element of management's assessment process for the effectiveness of internal control? A. evaluate the likelihood that failure of a control could result in a misstatement B. determining the locations and business units to include in the evaluation C. determining significant deficiencies ... | D. obtaining the auditor's assessment of the internal control effectiveness | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following audit procedures would an auditor be least likely to perform using a generalized computer audit program? A. searching records of accounts receivable balances for credit balances B. investigating inventory balances for possible damaged goods C. selecting accounts receivable for positive and negati... | B. investigating inventory balances for possible damaged goods | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | In determining the extent to which the auditor may use the work of others in the audit of ICFR, the auditor should do all of the following except A. test some of the work performed by others to evaluate the quality and effectiveness of their work B. evaluate the nature of the controls subjected to the work of others C.... | D. all of the above are required | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | S&H Accounting has just performed an audit of Bob's Bikes. S&H was unable to obtain a written representation from management about internal control. Which of the following is true? A. S&H must still assume that management has assessed the effectiveness of internal control B. depending on other factors in the audit, S&H... | C. S&H should consider this situation a limitation on the scope of the audit | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The primary purpose of a generalized computer audit program is to allow the auditor to A. use the client's employees to perform routine audit checks of the electronic data processing records that otherwise would be done by the auditor's staff accountants B. test the logic of computer programs used in the client's elect... | D. independently process client electronic data processing records | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following statements is correct concerning statistical sampling in tests of controls? A. as the population size increases, the sample size should increase proportionately B. deviations from specific internal control procedures at a given rate ordinarily result in misstatements at a lower rate C. there is a... | B. deviations from specific internal control procedures at a given rate ordinarily result in misstatements at a lower rate | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following statements is correct concerning statistical sampling in compliance testing? A. the population size has little or not effect on determining sample size except for very small populations B. the expected population deviation rate has little or not effect on determining sample size except for very s... | A. the population size has little or not effect on determining sample size except for very small populations | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | An auditor plans to examine a sample of 20 checks for countersignatures as prescribed by the client's internal control procedures. One of the checks in the chosen sample of 20 cannot be found. The auditor should consider the reasons for this limitation and A. evaluate the results as if the sample size had been 19 B. tr... | B. treat the missing check as a deviation for the purpose of evaluating the sample | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | An auditor is testing internal control procedures that are evidenced on an entity's vouchers. To select vouchers for testing, the auditor obtains random numbers between the first and last voucher number in the period. If a random number matched the number of a voided voucher, that voucher ordinarily should be replaced ... | B. has been properly voided | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following risks is related to efficiency of testing? A. the risk of incorrect rejection B. inherent risk C. the risk of incorrect acceptance D. none of the above | A. the risk of incorrect rejection | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | For a large population of cash disbursement transactions, Smith CPA is testing controls by using attribute sampling techniques. Anticipating an expected deviation rate of 3%, Smith found from a table that the required sample is 400 with a tolerable deviation rate of 5% and a desired confidence level of 95%. If Smith an... | A. 200 | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following factors does an auditor generally need to consider in planning a particular audit sample for a test of controls? A. number of items in the population B. total dollar amount of the items to be sampled C. desired confidence level D. risk of assessing control risk too high | C. desired confidence level | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | An auditor who uses statistical sampling for attributes in testing internal controls is most likely to reduce the planned reliance on a prescribed control when the A. sample deviation rate plus the allowance for sampling risk equals the tolerable deviation rate B. sample deviation rate is less than the expected populat... | D. sample deviation rate plus the allowance for sampling risk exceeds the tolerable deviation rate | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | The risk of incorrect acceptance relates to the A. effectiveness of the audit B. efficiency of the audit C. preliminary estimates of materiality levels D. tolerable misstatement | A. effectiveness of the audit | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | In determining the sample size for a test of controls, an auditor should consider the expected deviation rate, desired confidence level, and the A. tolerable deviation rate B. risk of incorrect acceptance C. nature and cause of deviations D. population size | A. tolerable deviation rate | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | While performing a substantive test of details during an audit, the auditor determined that the sample results supported the conclusion that the recorded account balance was materially misstated. It was, in fact, not materially misstated. Such a situation illustrates the risk of A. incorrect rejection B. incorrect acce... | A. incorrect rejection | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | What is the primary objective of testing all individually significant items rather than sample testing? A. to increase the audit risk at which a decision will be reached from the results of the sample selected B. to increase sample size C. to accept no sampling risk for items greater than tolerable misstatement D. to i... | C. to accept no sampling risk for items greater than tolerable misstatement | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Monetary-unit sampling should not be used if A. the population includes several large items B. the auditor expects overstatement errors C. many items in the account are expected to have errors D. no items in the account are expected to have errors | C. many items in the account are expected to have errors | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | Which of the following would be an improper technique when using monetary-unit statistical sampling in an audit of accounts receivable? A. combining negative and positive dollar misstatements in the appraisal of a sample B. using a sampling technique in which the same account balance could be selected more than once C.... | A. combining negative and positive dollar misstatements in the appraisal of a sample | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
51a18c0f_it_Final_Flashcards___Cram_com__C__Stockholders_of_the_company | For monetary-unit sampling, the number of items tested is A. always equal to sample size B. always greater than sample size C. always greater than or equal to sample size D. always less than or equal to sample size | D. always less than or equal to sample size | [] | Audit Final Flashcards - Cram.com | C. Stockholders of the company | http://www.cram.com/flashcards/audit-final-2008861 | 25/1438042989790.89_20150728002309-00240-ip-10-236-191-2_384361546_0.json |
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