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ACCT444 Week 6 Quiz Latest 2017 (All correct)
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.</a> </p> <p>estimated population exception rate<a href="http://www.homeworkminutes.com/">.</a> </p> <p>acceptable risk of overreliance<a href="http://www.homeworkminutes.com/">.</a> </p> <p>sample exception rate<a href="http://www.homeworkminutes.com/">.</a> </p> <p>Question 2 </p> <p>3 / 3 pts </p> <p>(TCO 9) A sample in which every possible combination of items in the population has an equal chance of constituting the saXXXX XX a </p> <p>XXXXXX XXXXXX<a XXXX="XXXX://XXX.XXXXXXXXXXXXXXX.XXX/">.</a> </p> <p>statistical sample<a XXXX="http://XXX.homeworkminutes.XXX/">.</a> </p> <p>judgment sample<a href="http://XXX.homeworkminutes.XXX/">.</a> </p> <p>representative sample<a XXXX="http://www.XXXXXXXXXXXXXXX.XXX/">.</a> </p> <p>XXXXXXXX X </p> <p>X / 3 pts </p> <p>(TCO X) XX XXXXXXXXX XX a sample is XXXXX XXXXXXXXXXXXXX, an XXXXXXX must </p> <p>XXXXXXX multiple samples of XXX same population<a href="http://www.XXXXXXXXXXXXXXX.com/">.</a> </p> <p>never XXX XXXXXXXX XXXXXXX of the expense XXXXXXXX<a XXXX="http://www.homeworkminutes.com/">.</a> </p> <p>audit XXX XXXXXX XXXXXXXXXX<a XXXX="http://www.homeworkminutes.XXX/">.</a> </p> <p>XXXXXXX none XX XXX above<a href="http://www.XXXXXXXXXXXXXXX.XXX/">.</a> </p> <p>XXXXXXXX 4 </p> <p>3 / 3 pts </p> <p>(TCO 9) XXX most XXXXXXXXX XXXXXX XX XXXXXXXXXX XXX client's method of obtaining a reliable cutoff XX XX </p> <p>XXXXXXX XXXXXXXXX XXXXXXXX testing of cutoff<a XXXX="http://XXX.XXXXXXXXXXXXXXX.XXX/">.</a> </p> <p>evaluate XXX client's control procedures around XXXXXX<a href="XXXX://www.XXXXXXXXXXXXXXX.com/">.</a> </p> <p>XXXXXXX a sample XX transactions near period XXX with XXXXXXXXX<a href="XXXX://www.XXXXXXXXXXXXXXX.com/">.</a> </p> <p>perform XXX XX the above<a href="http://www.homeworkminutes.com/">.</a> </p> <p>XXXXXXXX 5 </p> <p>X / X pts </p> <p>(TCO 9) XXX XXXXXXXXXXXXXX XX XXXXX and accounts XXXXXXXXXX is XXXX uncovered XX </p> <p>confirming receivables<a XXXX="XXXX://XXX.homeworkminutes.XXX/">.</a> </p> <p>XXXXXXXXX XXX XXXX trial balance<a XXXX="XXXX://XXX.homeworkminutes.com/">.</a> </p> <p>test of XXXXXXXXXXXX for XXXXXXXXX XXXX but not recorded<a href="XXXX://www.XXXXXXXXXXXXXXX.com/">.</a> </p> <p>reconciling XXX XXXXXXXX receivable general XXXXXX XXXXXXX XXXX the schedule XX XXXXXXXX XXXXXXXXXX<a XXXX="XXXX://www.homeworkminutes.com/">.</a> </p> <p>Question 6 </p> <p>3 / 3 pts </p> <p>(TCO X) XXX most audits, XXXXXXXX risk XXX accounts receivable XX moderate or XXX except XXX XXXXX XXXXXXX-related XXXXX XXXXXXXXXX? </p> <p>XXXXXX XXX XXXXXXXXXX value </p> <p>Completeness and XXXXXXXXX </p> <p>Existence and XXXXXXXX </p> <p>XXXXXXXXXX XXXXX XXX cutoff </p> <p>XXXXXXXX X </p> <p>3 / X pts </p> <p>(XXX X) XX auditor should XXXXXXX XXXXXXXXXXX XXXXXXXXXX XX XXXXXXXXXXXX the existence XX accounts XXXXXXXXXX XXXX </p> <p>no reply to a XXXXXXXX XXXXXXXXXXXX XXXXXXX XX XXXXXXXX<a href="http://XXX.XXXXXXXXXXXXXXX.XXX/">.</a> </p> <p>XX reply to a XXXXXXXX XXXXXXXXXXXX XXXXXXX is received<a XXXX="http://XXX.homeworkminutes.com/">.</a> </p> <p>XXXXXXXXXXXXXX XX receivables is in XXXXX<a href="http://XXX.XXXXXXXXXXXXXXX.com/">.</a> </p> <p>pledging XX XXX XXXXXXXXXXX XX XXXXXXXX<a href="XXXX://www.XXXXXXXXXXXXXXX.com/">.</a> </p> <p>Question X </p> <p>3 / 3 XXX </p> <p>(XXX X) Which of XXX XXXXXXXXX XXXX not have XX XX XXXXXXXXXX in XXXXXXXXXXX the initial sample XXXX XX a XXXX XX XXXXXXX? </p> <p>Tolerable misstatement </p> <p>Acceptable XXXX of XXXXXXXXX rejection </p> <p>Estimate XX XXXXXXXXXXXXX in the population </p> <p>Each of the XXXXX XXXX be considered </p> <p>XXXXXXXX 9 </p> <p>X / 3 pts </p> <p>(TCO 9) XXXXXXXX XXXX XXXXX controlled by </p> <p>XXXXXXXX down the sample size<a href="XXXX://www.homeworkminutes.XXX/">.</a> </p> <p>XXXXX only random sampling<a href="XXXX://www.XXXXXXXXXXXXXXX.XXX/">.</a> </p> <p>using XXX sample XXXXXXXXX most XXXXXXXXXXX for the XXXXXXXXXX<a href="XXXX://XXX.homeworkminutes.com/">.</a> </p> <p>XXXXX audit XXXXXXXX<a href="http://www.XXXXXXXXXXXXXXX.XXX/">.</a> </p> <p>Question 10 </p> <p>X / X XXX </p> <p>(TCO 9) XXX acceptable risk of XXXXXXXXX acceptance is most related XX </p> <p>audit XXXXXXXXXX<a href="http://www.XXXXXXXXXXXXXXX.com/">.</a> </p> <p>XXXXX XXXXXXX<a href="XXXX://XXX.homeworkminutes.XXX/">.</a> </p> <p>audit XXXXXXXXXXXXX<a href="http://XXX.XXXXXXXXXXXXXXX.XXX/">.</a> </p> <p>None XX the XXXXX </p> <p> <em></em></p>">
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<!DOCTYPE html PUBLIC "-//ABISOURCE//DTD XHTML plus AWML 2.2//EN" "http://www.abisource.com/2004/xhtml-awml/xhtml-awml.mod"><html xmlns="http://www.w3.org/1999/xhtml" xmlns:awml="http://www.abisource.com/2004/xhtml-awml/"> <head> </head> <body> <div> <p style="text-align:center"> <span style="font-size:14pt;font-family:'Times New Roman'">ACCT444 Week 6 Quiz Latest 2017</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">Question</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">Question 1</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">3 / 3 pts</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">(TCO 9) The exception rate the auditor will permit in the population and still be willing to reduce the assessed level of control risk is called the</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman';color:#ff0000">tolerable exception rate</span><a href="http://www.homeworkminutes.com/"><span style="font-size:12pt;font-family:'Times New Roman';color:#ff0000">.</span></a> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">estimated population exception rate</span><a href="http://www.homeworkminutes.com/"><span style="font-size:12pt;font-family:'Times New Roman';color:#0000ff">.</span></a> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">acceptable risk of overreliance</span><a href="http://www.homeworkminutes.com/"><span style="font-size:12pt;font-family:'Times New Roman';color:#0000ff">.</span></a> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">sample exception rate</span><a href="http://www.homeworkminutes.com/"><span style="font-size:12pt;font-family:'Times New Roman';color:#0000ff">.</span></a> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">Question 2</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">3 / 3 pts</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">(TCO 9) A sample in which every possible combination of items in the population has an equal chance of constituting the sample is a</span> </p> <p> <span style="font-size:XXXX;font-family:'Times XXX XXXXX';XXXXX:#ff0000">XXXXXX XXXXXX</span><a href="XXXX://XXX.XXXXXXXXXXXXXXX.com/"><span style="XXXX-size:12pt;XXXX-XXXXXX:'Times New Roman';color:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-size:12pt;XXXX-XXXXXX:'Times New XXXXX'">statistical sample</span><a href="XXXX://www.XXXXXXXXXXXXXXX.com/"><span style="XXXX-XXXX:XXXX;XXXX-family:'Times New Roman';color:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-size:XXXX;font-family:'XXXXX XXX Roman'">XXXXXXXX sample</span><a XXXX="XXXX://www.XXXXXXXXXXXXXXX.com/"><span style="XXXX-XXXX:12pt;font-family:'XXXXX XXX Roman';XXXXX:#0000ff">.</span></a> </p> <p> <span style="font-XXXX:XXXX;font-XXXXXX:'XXXXX XXX Roman'">representative XXXXXX</span><a XXXX="http://XXX.XXXXXXXXXXXXXXX.XXX/"><span style="XXXX-XXXX:12pt;font-family:'XXXXX XXX Roman';color:#XXXXXX">.</span></a> </p> <p> <span style="font-XXXX:12pt;XXXX-XXXXXX:'XXXXX XXX Roman'">Question X</span> </p> <p> <span style="font-XXXX:XXXX;XXXX-XXXXXX:'Times XXX XXXXX'">X / X XXX</span> </p> <p> <span style="font-size:12pt;XXXX-XXXXXX:'XXXXX XXX Roman'">(TCO X) To determine if a sample XX XXXXX representative, an XXXXXXX XXXX</span> </p> <p> <span style="XXXX-XXXX:12pt;font-XXXXXX:'Times XXX XXXXX'">XXXXXXX XXXXXXXX samples XX XXX same XXXXXXXXXX</span><a XXXX="http://XXX.homeworkminutes.com/"><span style="XXXX-XXXX:XXXX;XXXX-family:'Times New XXXXX';XXXXX:#0000ff">.</span></a> </p> <p> <span style="XXXX-size:XXXX;font-XXXXXX:'XXXXX XXX Roman'">XXXXX XXX sampling XXXXXXX XX the expense involved</span><a XXXX="XXXX://XXX.homeworkminutes.XXX/"><span style="XXXX-size:XXXX;XXXX-family:'Times XXX Roman';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="font-XXXX:12pt;font-family:'Times New XXXXX';XXXXX:#ff0000">XXXXX the entire population</span><a XXXX="XXXX://www.XXXXXXXXXXXXXXX.com/"><span style="font-XXXX:12pt;XXXX-family:'XXXXX New Roman';color:#ff0000">.</span></a> </p> <p> <span style="XXXX-XXXX:XXXX;font-family:'XXXXX XXX XXXXX'">perform XXXX XX XXX above</span><a href="XXXX://XXX.homeworkminutes.com/"><span style="XXXX-XXXX:XXXX;XXXX-family:'Times New Roman';XXXXX:#0000ff">.</span></a> </p> <p> <span style="XXXX-size:12pt;XXXX-XXXXXX:'Times New Roman'">Question X</span> </p> <p> <span style="XXXX-size:XXXX;font-family:'XXXXX New Roman'">X / 3 pts</span> </p> <p> <span style="XXXX-size:12pt;font-family:'XXXXX New XXXXX'">(XXX X) XXX XXXX important aspect of evaluating XXX client's XXXXXX of obtaining a reliable XXXXXX XX XX</span> </p> <p> <span style="font-size:12pt;font-XXXXXX:'XXXXX XXX Roman'">perform extensive detailed testing XX XXXXXX</span><a href="XXXX://www.homeworkminutes.XXX/"><span style="XXXX-size:12pt;font-XXXXXX:'Times XXX Roman';color:#0000ff">.</span></a> </p> <p> <span style="XXXX-size:XXXX;XXXX-XXXXXX:'Times XXX Roman';XXXXX:#XXXXXX">XXXXXXXX the XXXXXX's XXXXXXX procedures around XXXXXX</span><a XXXX="http://XXX.homeworkminutes.XXX/"><span style="font-XXXX:XXXX;XXXX-family:'Times New XXXXX';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-XXXX:XXXX;XXXX-family:'Times XXX XXXXX'">XXXXXXX a XXXXXX XX XXXXXXXXXXXX XXXX period XXX with customers</span><a href="http://XXX.homeworkminutes.com/"><span style="font-XXXX:12pt;XXXX-XXXXXX:'Times New Roman';XXXXX:#0000ff">.</span></a> </p> <p> <span style="XXXX-XXXX:12pt;font-family:'XXXXX XXX Roman'">XXXXXXX XXX of XXX XXXXX</span><a href="XXXX://XXX.XXXXXXXXXXXXXXX.XXX/"><span style="font-XXXX:12pt;XXXX-XXXXXX:'Times New XXXXX';color:#0000ff">.</span></a> </p> <p> <span style="font-XXXX:XXXX;XXXX-family:'Times XXX XXXXX'">Question 5</span> </p> <p> <span style="font-size:12pt;font-XXXXXX:'Times New XXXXX'">3 / X XXX</span> </p> <p> <span style="XXXX-size:12pt;font-XXXXXX:'Times XXX Roman'">(XXX X) XXX understatement XX sales XXX XXXXXXXX receivable XX XXXX XXXXXXXXX by</span> </p> <p> <span style="XXXX-size:XXXX;font-family:'Times XXX Roman'">confirming receivables</span><a href="XXXX://www.XXXXXXXXXXXXXXX.XXX/"><span style="XXXX-size:12pt;font-family:'Times XXX Roman';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-XXXX:12pt;XXXX-XXXXXX:'XXXXX XXX XXXXX'">XXXXXXXXX the aged XXXXX balance</span><a href="http://www.homeworkminutes.com/"><span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'XXXXX XXX XXXXX';color:#0000ff">.</span></a> </p> <p> <span style="XXXX-size:12pt;XXXX-family:'Times New XXXXX';XXXXX:#ff0000">XXXX XX transactions for XXXXXXXXX XXXX XXX not recorded</span><a href="XXXX://www.homeworkminutes.XXX/"><span style="XXXX-size:12pt;XXXX-XXXXXX:'XXXXX XXX XXXXX';color:#XXXXXX">.</span></a> </p> <p> <span style="font-size:XXXX;XXXX-family:'Times XXX Roman'">reconciling XXX XXXXXXXX receivable XXXXXXX XXXXXX account with the schedule XX accounts XXXXXXXXXX</span><a href="http://www.XXXXXXXXXXXXXXX.XXX/"><span style="font-XXXX:12pt;XXXX-family:'XXXXX New XXXXX';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-XXXX:12pt;XXXX-family:'Times XXX Roman'">Question X</span> </p> <p> <span style="XXXX-XXXX:XXXX;font-family:'XXXXX XXX Roman'">3 / 3 pts</span> </p> <p> <span style="font-XXXX:12pt;XXXX-XXXXXX:'Times XXX XXXXX'">(TCO 9) XXX most XXXXXX, XXXXXXXX risk XXX accounts XXXXXXXXXX XX XXXXXXXX or low except for which balance-related audit objectives?</span> </p> <p> <span style="font-size:XXXX;XXXX-XXXXXX:'XXXXX XXX XXXXX'">Timing and XXXXXXXXXX XXXXX</span> </p> <p> <span style="XXXX-size:XXXX;font-XXXXXX:'XXXXX XXX XXXXX'">Completeness and XXXXXXXXX</span> </p> <p> <span style="XXXX-XXXX:12pt;font-family:'Times XXX Roman'">XXXXXXXXX and XXXXXXXX</span> </p> <p> <span style="XXXX-XXXX:12pt;font-XXXXXX:'Times XXX XXXXX';color:#ff0000">Realizable XXXXX XXX XXXXXX</span> </p> <p> <span style="font-size:XXXX;font-family:'Times XXX XXXXX'">XXXXXXXX 7</span> </p> <p> <span style="XXXX-size:12pt;font-XXXXXX:'Times New Roman'">X / 3 XXX</span> </p> <p> <span style="XXXX-size:XXXX;XXXX-XXXXXX:'Times New Roman'">(XXX 9) An auditor XXXXXX XXXXXXX XXXXXXXXXXX procedures XX XXXXXXXXXXXX the XXXXXXXXX XX XXXXXXXX XXXXXXXXXX XXXX</span> </p> <p> <span style="font-size:12pt;XXXX-family:'Times XXX Roman';color:#XXXXXX">XX XXXXX to a XXXXXXXX XXXXXXXXXXXX XXXXXXX XX received</span><a XXXX="http://XXX.XXXXXXXXXXXXXXX.com/"><span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'XXXXX XXX XXXXX';XXXXX:#ff0000">.</span></a> </p> <p> <span style="XXXX-XXXX:XXXX;XXXX-family:'XXXXX New XXXXX'">XX reply to a XXXXXXXX confirmation XXXXXXX XX XXXXXXXX</span><a XXXX="XXXX://www.homeworkminutes.com/"><span style="XXXX-size:12pt;XXXX-XXXXXX:'XXXXX New XXXXX';color:#XXXXXX">.</span></a> </p> <p> <span style="font-XXXX:XXXX;font-family:'Times XXX Roman'">XXXXXXXXXXXXXX XX XXXXXXXXXXX XX in doubt</span><a XXXX="http://XXX.homeworkminutes.XXX/"><span style="font-size:12pt;font-XXXXXX:'Times XXX Roman';XXXXX:#0000ff">.</span></a> </p> <p> <span style="font-size:12pt;XXXX-family:'Times New XXXXX'">XXXXXXXX XX XXX receivables XX probable</span><a XXXX="http://XXX.homeworkminutes.com/"><span style="XXXX-size:XXXX;font-family:'Times New XXXXX';XXXXX:#0000ff">.</span></a> </p> <p> <span style="XXXX-size:12pt;XXXX-family:'XXXXX New XXXXX'">Question 8</span> </p> <p> <span style="XXXX-XXXX:XXXX;XXXX-family:'Times New Roman'">X / X pts</span> </p> <p> <span style="font-size:12pt;XXXX-family:'XXXXX New XXXXX'">(XXX 9) XXXXX of XXX XXXXXXXXX does XXX XXXX XX XX considered in XXXXXXXXXXX the XXXXXXX sample size of a test XX details?</span> </p> <p> <span style="font-size:XXXX;font-XXXXXX:'Times New Roman'">Tolerable XXXXXXXXXXXX</span> </p> <p> <span style="font-size:12pt;XXXX-family:'Times New Roman';XXXXX:#XXXXXX">Acceptable risk of XXXXXXXXX rejection</span> </p> <p> <span style="font-XXXX:XXXX;font-family:'Times New Roman'">Estimate XX misstatements in XXX population</span> </p> <p> <span style="font-size:XXXX;font-XXXXXX:'XXXXX New Roman'">Each of the above must be considered</span> </p> <p> <span style="XXXX-size:12pt;font-family:'Times XXX Roman'">Question 9</span> </p> <p> <span style="XXXX-XXXX:XXXX;font-family:'Times XXX XXXXX'">X / 3 XXX</span> </p> <p> <span style="font-XXXX:12pt;font-family:'Times XXX XXXXX'">(TCO 9) Sampling risk XXXXX controlled XX</span> </p> <p> <span style="XXXX-XXXX:12pt;font-XXXXXX:'Times XXX XXXXX'">XXXXXXXX down XXX sample XXXX</span><a href="http://www.XXXXXXXXXXXXXXX.com/"><span style="font-XXXX:12pt;font-XXXXXX:'Times XXX Roman';XXXXX:#0000ff">.</span></a> </p> <p> <span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'XXXXX New XXXXX'">using only XXXXXX XXXXXXXX</span><a XXXX="XXXX://www.XXXXXXXXXXXXXXX.XXX/"><span style="XXXX-size:XXXX;font-XXXXXX:'XXXXX New XXXXX';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="font-size:XXXX;font-family:'XXXXX XXX XXXXX';XXXXX:#ff0000">XXXXX XXX XXXXXX XXXXXXXXX most XXXXXXXXXXX for XXX XXXXXXXXXX</span><a XXXX="http://www.homeworkminutes.com/"><span style="XXXX-size:12pt;font-family:'XXXXX XXX Roman';XXXXX:#ff0000">.</span></a> </p> <p> <span style="XXXX-XXXX:12pt;XXXX-XXXXXX:'Times New Roman'">using audit XXXXXXXX</span><a XXXX="XXXX://XXX.homeworkminutes.XXX/"><span style="font-XXXX:XXXX;font-family:'XXXXX New XXXXX';color:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-size:12pt;font-family:'Times XXX Roman'">Question 10</span> </p> <p> <span style="XXXX-size:XXXX;XXXX-family:'Times New XXXXX'">3 / X XXX</span> </p> <p> <span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'XXXXX XXX XXXXX'">(XXX 9) XXX XXXXXXXXXX risk XX XXXXXXXXX XXXXXXXXXX is most XXXXXXX to</span> </p> <p> <span style="XXXX-size:12pt;font-XXXXXX:'Times New XXXXX'">XXXXX XXXXXXXXXX</span><a href="http://www.homeworkminutes.XXX/"><span style="font-size:XXXX;font-XXXXXX:'XXXXX New XXXXX';color:#0000ff">.</span></a> </p> <p> <span style="font-size:XXXX;font-family:'XXXXX XXX Roman'">audit XXXXXXX</span><a XXXX="http://www.homeworkminutes.com/"><span style="font-XXXX:12pt;font-family:'Times New XXXXX';color:#0000ff">.</span></a> </p> <p> <span style="font-XXXX:12pt;font-XXXXXX:'XXXXX XXX XXXXX';XXXXX:#ff0000">audit XXXXXXXXXXXXX</span><a href="XXXX://www.XXXXXXXXXXXXXXX.XXX/"><span style="font-size:12pt;XXXX-XXXXXX:'XXXXX XXX XXXXX';color:#ff0000">.</span></a> </p> <p> <span style="font-XXXX:12pt;XXXX-family:'XXXXX XXX XXXXX'">None XX the above</span> </p> <p> </p> <p> XXXXXX </p> <p> <span style="font-XXXX:XXXX;XXXX-family:'Times New XXXXX';XXXXX:#XXXXXX">1. tolerable exception rate</span><a href="XXXX://XXX.XXXXXXXXXXXXXXX.XXX/"><span style="font-XXXX:XXXX;XXXX-family:'Times XXX Roman';XXXXX:#ff0000">.</span></a> </p> <p> <span style="XXXX-XXXX:12pt;XXXX-family:'XXXXX XXX XXXXX';XXXXX:#XXXXXX">X. XXXXXX sample</span><a XXXX="http://www.XXXXXXXXXXXXXXX.com/"><span style="XXXX-size:XXXX;XXXX-XXXXXX:'Times XXX XXXXX';XXXXX:#ff0000">.</span></a> </p> <p> <span style="XXXX-XXXX:12pt;font-family:'Times XXX Roman';color:#ff0000">3. audit XXX XXXXXX XXXXXXXXXX</span><a href="http://www.homeworkminutes.XXX/"><span style="font-XXXX:XXXX;XXXX-XXXXXX:'Times New Roman';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="font-XXXX:XXXX;XXXX-family:'XXXXX New Roman';color:#ff0000">X. evaluate XXX XXXXXX's XXXXXXX XXXXXXXXXX around XXXXXX</span><a href="XXXX://XXX.XXXXXXXXXXXXXXX.XXX/"><span style="font-size:12pt;XXXX-family:'Times New XXXXX';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-XXXX:12pt;font-family:'XXXXX New Roman';color:#ff0000">5. XXXX of XXXXXXXXXXXX XXX shipments XXXX XXX XXX XXXXXXXX</span><a href="http://XXX.XXXXXXXXXXXXXXX.com/"><span style="XXXX-size:XXXX;font-family:'XXXXX New Roman';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="font-size:12pt;font-family:'Times XXX Roman';color:#XXXXXX">6. Realizable XXXXX and cutoff</span> </p> <p> <span style="font-size:XXXX;font-family:'XXXXX XXX XXXXX';XXXXX:#XXXXXX">7. XX reply to a positive confirmation request is received</span><a XXXX="XXXX://www.XXXXXXXXXXXXXXX.XXX/"><span style="font-size:XXXX;XXXX-XXXXXX:'Times XXX Roman';XXXXX:#ff0000">.</span></a> </p> <p> <span style="font-XXXX:12pt;XXXX-family:'Times New Roman';XXXXX:#XXXXXX">8. XXXXXXXXXX risk of XXXXXXXXX XXXXXXXXX</span> </p> <p> <span style="font-XXXX:XXXX;XXXX-family:'Times New Roman';XXXXX:#XXXXXX">X. using the sample XXXXXXXXX most appropriate for XXX XXXXXXXXXX</span><a XXXX="http://www.homeworkminutes.com/"><span style="XXXX-size:12pt;font-family:'Times New XXXXX';XXXXX:#ff0000">.</span></a> </p> <p> <span style="font-XXXX:12pt;XXXX-family:'Times New Roman';XXXXX:#ff0000">XX. audit XXXXXXXXXXXXX</span><a href="http://XXX.homeworkminutes.XXX/"><span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'XXXXX XXX Roman';XXXXX:#ff0000">.</span></a> </p> </div> </body> </XXXX>">
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<!DOCTYPE html PUBLIC "-//ABISOURCE//DTD XHTML plus AWML 2.2//EN" "http://www.abisource.com/2004/xhtml-awml/xhtml-awml.mod"><html xmlns="http://www.w3.org/1999/xhtml" xmlns:awml="http://www.abisource.com/2004/xhtml-awml/"> <head> </head> <body> <div> <p style="text-align:center"> <span style="font-size:14pt;font-family:'Times New Roman'">ACCT444 Week 6 Quiz Latest 2017</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">Question</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">Question 1</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">3 / 3 pts</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">(TCO 9) The exception rate the auditor will permit in the population and still be willing to reduce the assessed level of control risk is called the</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman';color:#ff0000">tolerable exception rate</span><a href="http://www.homeworkminutes.com/"><span style="font-size:12pt;font-family:'Times New Roman';color:#ff0000">.</span></a> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">estimated population exception rate</span><a href="http://www.homeworkminutes.com/"><span style="font-size:12pt;font-family:'Times New Roman';color:#0000ff">.</span></a> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">acceptable risk of overreliance</span><a href="http://www.homeworkminutes.com/"><span style="font-size:12pt;font-family:'Times New Roman';color:#0000ff">.</span></a> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">sample exception rate</span><a href="http://www.homeworkminutes.com/"><span style="font-size:12pt;font-family:'Times New Roman';color:#0000ff">.</span></a> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">Question 2</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">3 / 3 pts</span> </p> <p> <span style="font-size:12pt;font-family:'Times New Roman'">(TCO 9) A sample in which every possible combination of items in the population has an equal chance of constituting the sample is a</span> </p> <p> <span style="XXXX-XXXX:12pt;font-XXXXXX:'XXXXX New Roman';color:#ff0000">XXXXXX XXXXXX</span><a href="http://www.homeworkminutes.com/"><span style="font-XXXX:12pt;XXXX-XXXXXX:'Times XXX Roman';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="font-XXXX:XXXX;font-XXXXXX:'XXXXX XXX Roman'">XXXXXXXXXXX sample</span><a XXXX="XXXX://www.homeworkminutes.XXX/"><span style="XXXX-XXXX:XXXX;font-XXXXXX:'Times New Roman';XXXXX:#0000ff">.</span></a> </p> <p> <span style="XXXX-size:12pt;font-family:'XXXXX XXX XXXXX'">judgment sample</span><a XXXX="XXXX://www.XXXXXXXXXXXXXXX.XXX/"><span style="font-XXXX:XXXX;font-family:'XXXXX New XXXXX';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="font-size:XXXX;font-family:'XXXXX New Roman'">XXXXXXXXXXXXXX sample</span><a href="http://www.XXXXXXXXXXXXXXX.com/"><span style="font-XXXX:XXXX;font-XXXXXX:'Times XXX Roman';color:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-XXXX:12pt;XXXX-family:'XXXXX New Roman'">Question X</span> </p> <p> <span style="XXXX-XXXX:XXXX;font-family:'XXXXX New XXXXX'">X / X pts</span> </p> <p> <span style="XXXX-XXXX:12pt;font-XXXXXX:'XXXXX New XXXXX'">(XXX 9) To XXXXXXXXX XX a sample XX XXXXX representative, an XXXXXXX XXXX</span> </p> <p> <span style="XXXX-XXXX:12pt;XXXX-family:'Times XXX Roman'">XXXXXXX XXXXXXXX XXXXXXX of XXX XXXX XXXXXXXXXX</span><a href="http://www.homeworkminutes.com/"><span style="XXXX-size:12pt;font-family:'Times XXX Roman';color:#0000ff">.</span></a> </p> <p> <span style="font-size:XXXX;XXXX-XXXXXX:'XXXXX XXX Roman'">XXXXX use sampling because XX the XXXXXXX XXXXXXXX</span><a XXXX="http://XXX.XXXXXXXXXXXXXXX.XXX/"><span style="XXXX-XXXX:12pt;font-XXXXXX:'XXXXX New XXXXX';color:#0000ff">.</span></a> </p> <p> <span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'Times New Roman';color:#XXXXXX">XXXXX XXX XXXXXX XXXXXXXXXX</span><a XXXX="http://www.XXXXXXXXXXXXXXX.XXX/"><span style="font-XXXX:XXXX;font-XXXXXX:'Times XXX Roman';XXXXX:#ff0000">.</span></a> </p> <p> <span style="font-XXXX:XXXX;XXXX-XXXXXX:'XXXXX XXX Roman'">XXXXXXX none XX XXX XXXXX</span><a XXXX="http://www.homeworkminutes.com/"><span style="font-XXXX:XXXX;XXXX-family:'XXXXX XXX Roman';color:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-size:XXXX;font-family:'XXXXX XXX Roman'">XXXXXXXX 4</span> </p> <p> <span style="XXXX-size:XXXX;XXXX-XXXXXX:'XXXXX New Roman'">X / X pts</span> </p> <p> <span style="XXXX-size:12pt;XXXX-XXXXXX:'Times New XXXXX'">(XXX X) The XXXX important XXXXXX XX evaluating the client's method of XXXXXXXXX a XXXXXXXX XXXXXX XX to</span> </p> <p> <span style="font-XXXX:XXXX;font-XXXXXX:'Times New Roman'">XXXXXXX extensive XXXXXXXX XXXXXXX of XXXXXX</span><a XXXX="XXXX://XXX.homeworkminutes.XXX/"><span style="XXXX-size:12pt;font-family:'XXXXX New XXXXX';color:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'XXXXX New XXXXX';XXXXX:#ff0000">XXXXXXXX XXX client's control XXXXXXXXXX XXXXXX cutoff</span><a XXXX="XXXX://XXX.homeworkminutes.XXX/"><span style="XXXX-size:12pt;XXXX-XXXXXX:'Times New XXXXX';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-XXXX:12pt;font-XXXXXX:'Times XXX XXXXX'">confirm a sample XX XXXXXXXXXXXX near period XXX with XXXXXXXXX</span><a href="http://www.homeworkminutes.XXX/"><span style="font-size:XXXX;XXXX-family:'Times XXX Roman';color:#XXXXXX">.</span></a> </p> <p> <span style="font-XXXX:XXXX;font-family:'XXXXX XXX Roman'">XXXXXXX any XX XXX above</span><a XXXX="http://www.XXXXXXXXXXXXXXX.XXX/"><span style="font-XXXX:12pt;XXXX-XXXXXX:'Times XXX XXXXX';XXXXX:#0000ff">.</span></a> </p> <p> <span style="XXXX-XXXX:12pt;XXXX-family:'Times New Roman'">Question X</span> </p> <p> <span style="XXXX-size:12pt;font-family:'XXXXX XXX Roman'">3 / X XXX</span> </p> <p> <span style="XXXX-XXXX:XXXX;font-XXXXXX:'Times New Roman'">(XXX X) XXX XXXXXXXXXXXXXX of sales XXX XXXXXXXX receivable XX XXXX uncovered by</span> </p> <p> <span style="XXXX-XXXX:12pt;XXXX-family:'XXXXX XXX XXXXX'">confirming XXXXXXXXXXX</span><a href="XXXX://www.homeworkminutes.XXX/"><span style="XXXX-XXXX:12pt;font-XXXXXX:'Times New XXXXX';color:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-XXXX:XXXX;XXXX-family:'Times XXX XXXXX'">reviewing XXX XXXX trial balance</span><a XXXX="http://www.homeworkminutes.com/"><span style="font-size:12pt;font-XXXXXX:'XXXXX New Roman';color:#XXXXXX">.</span></a> </p> <p> <span style="font-XXXX:XXXX;XXXX-XXXXXX:'Times New XXXXX';color:#XXXXXX">XXXX XX XXXXXXXXXXXX for XXXXXXXXX XXXX XXX XXX recorded</span><a XXXX="http://XXX.homeworkminutes.XXX/"><span style="XXXX-XXXX:12pt;font-family:'XXXXX XXX Roman';XXXXX:#ff0000">.</span></a> </p> <p> <span style="font-size:XXXX;XXXX-XXXXXX:'XXXXX XXX Roman'">reconciling XXX XXXXXXXX XXXXXXXXXX XXXXXXX ledger account with XXX XXXXXXXX of XXXXXXXX receivable</span><a href="XXXX://XXX.homeworkminutes.XXX/"><span style="XXXX-XXXX:12pt;font-XXXXXX:'XXXXX XXX XXXXX';XXXXX:#0000ff">.</span></a> </p> <p> <span style="XXXX-size:XXXX;font-family:'Times New Roman'">XXXXXXXX 6</span> </p> <p> <span style="font-size:12pt;font-XXXXXX:'Times New XXXXX'">X / 3 XXX</span> </p> <p> <span style="font-size:XXXX;XXXX-XXXXXX:'Times New XXXXX'">(TCO X) XXX XXXX audits, XXXXXXXX risk XXX XXXXXXXX XXXXXXXXXX XX moderate or XXX XXXXXX for XXXXX balance-related XXXXX XXXXXXXXXX?</span> </p> <p> <span style="XXXX-size:12pt;XXXX-XXXXXX:'Times XXX XXXXX'">Timing and realizable value</span> </p> <p> <span style="font-size:XXXX;font-XXXXXX:'Times XXX Roman'">Completeness and existence</span> </p> <p> <span style="XXXX-size:XXXX;font-XXXXXX:'Times New XXXXX'">Existence and XXXXXXXX</span> </p> <p> <span style="XXXX-XXXX:12pt;font-XXXXXX:'XXXXX XXX XXXXX';color:#ff0000">Realizable XXXXX XXX XXXXXX</span> </p> <p> <span style="XXXX-XXXX:12pt;font-family:'XXXXX XXX Roman'">Question 7</span> </p> <p> <span style="font-size:12pt;font-family:'Times XXX XXXXX'">3 / 3 pts</span> </p> <p> <span style="XXXX-XXXX:12pt;XXXX-family:'XXXXX XXX XXXXX'">(XXX X) An auditor should XXXXXXX alternative XXXXXXXXXX XX XXXXXXXXXXXX XXX existence XX accounts XXXXXXXXXX XXXX</span> </p> <p> <span style="XXXX-size:XXXX;XXXX-XXXXXX:'Times New XXXXX';color:#ff0000">XX reply to a XXXXXXXX confirmation XXXXXXX is received</span><a XXXX="http://www.homeworkminutes.XXX/"><span style="font-XXXX:XXXX;XXXX-XXXXXX:'Times New XXXXX';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-size:12pt;XXXX-family:'XXXXX XXX XXXXX'">no reply XX a XXXXXXXX XXXXXXXXXXXX XXXXXXX XX received</span><a XXXX="XXXX://www.XXXXXXXXXXXXXXX.com/"><span style="XXXX-XXXX:XXXX;XXXX-family:'XXXXX New XXXXX';color:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'Times XXX Roman'">collectibility XX receivables is in doubt</span><a XXXX="XXXX://XXX.homeworkminutes.XXX/"><span style="font-XXXX:12pt;font-XXXXXX:'XXXXX XXX Roman';color:#XXXXXX">.</span></a> </p> <p> <span style="font-XXXX:12pt;XXXX-family:'Times New XXXXX'">pledging XX XXX receivables XX XXXXXXXX</span><a href="XXXX://www.homeworkminutes.com/"><span style="font-XXXX:12pt;font-XXXXXX:'XXXXX XXX Roman';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="XXXX-XXXX:12pt;font-XXXXXX:'Times XXX XXXXX'">XXXXXXXX X</span> </p> <p> <span style="XXXX-size:XXXX;font-family:'Times XXX Roman'">X / 3 pts</span> </p> <p> <span style="XXXX-XXXX:12pt;XXXX-family:'Times New XXXXX'">(TCO X) Which XX the following XXXX not have to be considered in determining the initial sample size XX a XXXX of details?</span> </p> <p> <span style="font-size:XXXX;font-XXXXXX:'Times XXX Roman'">Tolerable misstatement</span> </p> <p> <span style="font-XXXX:XXXX;font-XXXXXX:'XXXXX XXX XXXXX';color:#XXXXXX">Acceptable XXXX of XXXXXXXXX XXXXXXXXX</span> </p> <p> <span style="XXXX-size:12pt;font-XXXXXX:'XXXXX XXX Roman'">Estimate of misstatements in the population</span> </p> <p> <span style="font-XXXX:12pt;XXXX-family:'Times XXX Roman'">XXXX XX the above XXXX be considered</span> </p> <p> <span style="XXXX-XXXX:12pt;font-family:'XXXXX New XXXXX'">Question 9</span> </p> <p> <span style="font-XXXX:XXXX;font-family:'XXXXX New XXXXX'">X / 3 pts</span> </p> <p> <span style="XXXX-size:12pt;XXXX-XXXXXX:'XXXXX New Roman'">(XXX X) Sampling risk maybe controlled XX</span> </p> <p> <span style="XXXX-size:12pt;XXXX-family:'XXXXX New Roman'">reducing XXXX XXX sample XXXX</span><a XXXX="XXXX://www.homeworkminutes.com/"><span style="XXXX-size:12pt;font-XXXXXX:'Times XXX XXXXX';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="font-size:XXXX;font-XXXXXX:'Times New Roman'">XXXXX XXXX XXXXXX sampling</span><a XXXX="http://XXX.XXXXXXXXXXXXXXX.XXX/"><span style="font-size:XXXX;font-family:'XXXXX XXX XXXXX';color:#0000ff">.</span></a> </p> <p> <span style="XXXX-XXXX:12pt;XXXX-family:'XXXXX XXX XXXXX';color:#ff0000">using XXX XXXXXX technique XXXX XXXXXXXXXXX XXX XXX population</span><a XXXX="http://www.XXXXXXXXXXXXXXX.com/"><span style="font-XXXX:12pt;font-XXXXXX:'Times XXX Roman';color:#ff0000">.</span></a> </p> <p> <span style="font-size:12pt;font-XXXXXX:'Times XXX XXXXX'">using audit XXXXXXXX</span><a XXXX="http://www.XXXXXXXXXXXXXXX.XXX/"><span style="font-XXXX:XXXX;font-family:'Times XXX Roman';XXXXX:#0000ff">.</span></a> </p> <p> <span style="font-size:12pt;XXXX-family:'XXXXX XXX Roman'">Question XX</span> </p> <p> <span style="XXXX-XXXX:XXXX;font-family:'XXXXX New XXXXX'">X / X pts</span> </p> <p> <span style="font-size:12pt;font-family:'XXXXX New XXXXX'">(TCO X) XXX acceptable XXXX of incorrect acceptance XX most XXXXXXX to</span> </p> <p> <span style="XXXX-size:XXXX;font-XXXXXX:'XXXXX New XXXXX'">audit efficiency</span><a XXXX="XXXX://XXX.homeworkminutes.com/"><span style="XXXX-size:XXXX;XXXX-family:'Times XXX XXXXX';XXXXX:#0000ff">.</span></a> </p> <p> <span style="XXXX-size:12pt;XXXX-XXXXXX:'Times XXX Roman'">audit results</span><a href="http://www.homeworkminutes.XXX/"><span style="XXXX-XXXX:XXXX;font-XXXXXX:'XXXXX New XXXXX';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="font-size:XXXX;font-XXXXXX:'XXXXX XXX Roman';color:#ff0000">XXXXX XXXXXXXXXXXXX</span><a XXXX="http://XXX.XXXXXXXXXXXXXXX.com/"><span style="XXXX-size:12pt;font-family:'Times XXX Roman';XXXXX:#ff0000">.</span></a> </p> <p> <span style="XXXX-size:12pt;XXXX-family:'Times New XXXXX'">XXXX of XXX XXXXX</span> </p> <p> </p> <p> ANSWER </p> <p> <span style="font-size:12pt;font-family:'Times New XXXXX';XXXXX:#ff0000">X. XXXXXXXXX XXXXXXXXX rate</span><a href="XXXX://XXX.XXXXXXXXXXXXXXX.com/"><span style="font-XXXX:XXXX;font-family:'Times XXX Roman';XXXXX:#ff0000">.</span></a> </p> <p> <span style="XXXX-XXXX:XXXX;XXXX-family:'XXXXX New Roman';XXXXX:#ff0000">2. XXXXXX sample</span><a XXXX="http://www.XXXXXXXXXXXXXXX.XXX/"><span style="font-size:12pt;font-family:'XXXXX New XXXXX';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="font-size:12pt;XXXX-family:'XXXXX XXX XXXXX';XXXXX:#ff0000">X. XXXXX the entire XXXXXXXXXX</span><a href="XXXX://www.XXXXXXXXXXXXXXX.XXX/"><span style="font-XXXX:12pt;XXXX-family:'Times XXX XXXXX';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="font-XXXX:12pt;font-family:'Times XXX Roman';XXXXX:#XXXXXX">4. XXXXXXXX XXX XXXXXX's control XXXXXXXXXX XXXXXX cutoff</span><a href="http://XXX.homeworkminutes.XXX/"><span style="XXXX-XXXX:XXXX;font-XXXXXX:'XXXXX New Roman';XXXXX:#XXXXXX">.</span></a> </p> <p> <span style="font-size:12pt;XXXX-family:'XXXXX New Roman';color:#ff0000">X. XXXX XX XXXXXXXXXXXX for shipments XXXX but XXX recorded</span><a XXXX="XXXX://XXX.XXXXXXXXXXXXXXX.XXX/"><span style="font-size:XXXX;font-XXXXXX:'Times XXX XXXXX';color:#ff0000">.</span></a> </p> <p> <span style="font-size:XXXX;font-XXXXXX:'Times New Roman';color:#ff0000">X. XXXXXXXXXX XXXXX and XXXXXX</span> </p> <p> <span style="font-XXXX:12pt;font-XXXXXX:'XXXXX New Roman';color:#ff0000">X. XX reply to a XXXXXXXX XXXXXXXXXXXX XXXXXXX XX XXXXXXXX</span><a XXXX="http://XXX.XXXXXXXXXXXXXXX.com/"><span style="font-XXXX:12pt;XXXX-family:'Times New Roman';color:#ff0000">.</span></a> </p> <p> <span style="XXXX-size:XXXX;font-XXXXXX:'XXXXX New XXXXX';XXXXX:#ff0000">X. Acceptable risk of XXXXXXXXX rejection</span> </p> <p> <span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'XXXXX New Roman';XXXXX:#XXXXXX">X. using XXX XXXXXX technique XXXX XXXXXXXXXXX XXX the population</span><a XXXX="http://www.homeworkminutes.XXX/"><span style="XXXX-XXXX:XXXX;XXXX-family:'Times New XXXXX';XXXXX:#ff0000">.</span></a> </p> <p> <span style="XXXX-XXXX:XXXX;font-XXXXXX:'Times New XXXXX';XXXXX:#XXXXXX">10. XXXXX effectiveness</span><a XXXX="http://www.XXXXXXXXXXXXXXX.com/"><span style="XXXX-size:XXXX;XXXX-family:'Times XXX XXXXX';XXXXX:#ff0000">.</span></a> </p> </div> </body> </html>">
