This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When a client uses perpetual inventory records, the tests of details of balances for inventory can ... (Read 37 times)

kmoyer2

  • Full Member
  • ***
  • Posts: 140
on: Aug 21, 2022

Question 1

The test of transactions which requires one to "reconcile recorded cash disbursements with the cash disbursements on the bank statement" satisfies the objective of
◦ occurrence.
◦ completeness.
◦ accuracy.
◦ posting and summarization.

Question 2

When a client uses perpetual inventory records, the tests of details of balances for inventory can be significantly reduced if the auditor believes the records are accurate. The controls over the acquisitions included in the records are normally tested as a part of the
◦ tests of controls for acquisitions.
◦ tests of controls and substantive tests of transactions for acquisitions.
◦ tests of details of balances for acquisitions.
◦ analytical procedures and tests of controls for acquisitions.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kmoyer2 on Aug 21, 2022

bball_babe_123

  • Full Member
  • ***
  • Posts: 178
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.
Answer Preview
Only 39% of students answer this correctly


kmoyer2

  • Member
  • Posts: 140
Reply 2 on: Aug 21, 2022
Excellent

Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Becoming a biped changes the way an animal balances. Becoming a biped changes the way an animal balances.
Comparison of Paper Medical Records and Electronic Health Records Comparison of Paper Medical Records and Electronic Health Records
Procedures and Diagnostic Tests Related to the Ear Procedures and Diagnostic Tests Related to the Ear
Procedures and Diagnostic Tests Related to the Female Reproductive System Procedures and Diagnostic Tests Related to the Female Reproductive System
Common Laboratory Tests and Their Normal Values Common Laboratory Tests and Their Normal Values
Prenatal Diagnostic Tests Prenatal Diagnostic Tests
Video: Chemical Messengers Animation

For a complete list of videos, visit our video library