ACC 492 Week 3 Quiz / Assignmentcloud.com

Question 1

ACC 492 Week 3 Quiz

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1. Internal control is a process effected by an entity’s board of directors, management, and other personnel that is designed to provide reasonable assurance regarding the achievement of objectives. (True/False) (10%)
2. What are the two main objectives for conducting preliminary analytical procedures? (30%)
3. List the two types of audit tests. (30%)
4. List three factors that affect an organization’s control environment. (30%)

Answer 1

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