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Author Question: In connection with a review of the prepaid insurance account, which of the following audit ... (Read 60 times)

Apple716

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on: Aug 21, 2022

Question 1

Controls over the acquisition and recording of insurance are a part of which of the following transaction cycles?
◦ inventory and warehousing cycle
◦ capitalization cycle
◦ treasury cycle
◦ acquisition and payment cycle

Question 2

In connection with a review of the prepaid insurance account, which of the following audit procedures would you be least likely to use?
◦ Recompute the portion of the premium that expired during the year.
◦ Prepare excerpts of insurance policies for audit working papers.
◦ Confirm premium rates with an independent insurance broker.
◦ Examine support for premium payments.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Apple716 on Aug 21, 2022

ludadtpb

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Apple716

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

epscape

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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