ACCT 555 DEVRY ENTIRE COURSE,ACCT 555 DEVRY ENTIRE CLASS,ACCT 555 DEVRY TUTORIAL,ACCT 555 DEVRY ASSIGNMENT Flashcards

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DEVRY ACCT 555 Course Project And You Decide

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ACCT 555 Course Project And You Decide
ACCT 555 Week 7 Course Project Smackey Dog Foods Inc
ACCT 555 Week 7 You Decide Questions and Answers

A

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DEVRY ACCT 555 Entire Course

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ACCT 555 Week 1 Homework
Chapter 2, pages 41–44: Problems 2-16, 2-17, 2-19, and 2-20
Chapter 3, pages 67–69: Problems 3-23, 3-25, and 3-26

ACCT 555 Week 2 Homework
4-18, 4-21, 4-22, 5-17, 5-19, 5-21, 5-26, 11-19, 11-20

ACCT 555 Week 3 Homework Assignment
6-19 (Objective 6-1) The following questions concern the reasons auditors do audits. Choose the best response.
Which of the following best describes the reason why an independent auditor reports on financial statements?
Because of the risk of material misstatement, an audit should be planned and performed with an attitude of
The major reason an independent auditor gathers audit evidence is to

6-20 (Objective 6-3) The following questions deal with errors and fraud. Choose the best response.
An independent auditor has the responsibility to design the audit to provide reasonable assurance of detecting errors and fraud that might have a material effect on the financial statements. Which of the following, if material, is a fraud as defined in auditing standards?
What assurance does the auditor provide that errors, fraud, and direct-effect illegal acts that are material to the financial statements will be detected?

6-27 (Objectives 6-6, 6-7) The following are specific transaction-related audit objectives applied to the audit of cash disbursement transactions (a through f), management assertions about classes of transactions (1 through 5), and general transaction-related audit objectives (6 through 11).
Specific Transaction-Related Audit Objective
Recorded cash disbursement transactions are for the amount of goods or services received and are correctly recorded.
7-25 (Objectives 7-3, 7-4) The following questions concern persuasiveness of evidence. Choose the best response.
Which of the following types of documentary evidence should the auditor consider to be the most reliable?
Which of the following statements concerning audit evidence is true?
Audit evidence can come in different forms with different degrees of persuasiveness. Which of the following is the least persuasive type of evidence?
Which of the following presumptions is correct about the reliability of audit evidence?

A

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DEVRY ACCT 555 Final Exam 100% Correct

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ACCT 555 Final Exam 100% Correct
1. (TCO B) An auditor was unable to obtain sufficient appropriate audit evidence concerning certain transactions due to an inadequacy in the entity’s accounting records. The auditor would choose between issuing a(an): (Points : 5)

Question2. (TCO K) An auditor should consider which of the following when evaluating the ability of a company to continue as a going concern? (Points : 5)

Question3. (TCO A) An auditor’s independence is considered impaired if the auditor has: (Points : 5)

A

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4
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DEVRY ACCT 555 Midterm

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ACCT 555 Midterm
(TCO F) Which of the following procedures should an auditor generally perform regarding subsequent events?

(TCO A) An auditor reads the letter of transmittal accompanying a county’s comprehensive annual financial report and identifies a material inconsistency with the financial statements. The auditor determines that the financial statements do not require revision. Which of the following actions should the auditor take?

A

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5
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DEVRY ACCT 555 Week 1 Homework Assignment

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Chapter 2, pages 41–44: Problems 2-16, 2-17, 2-19, and 2-20

Chapter 3, pages 67–69: Problems 3-23, 3-25, and 3-26

A

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6
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DEVRY ACCT 555 Week 2 Homework Assignment

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ACCT 555 Week 2 Homework Assignment
4-18, 4-19, 4-20, 4-21, 4-22, 5-17, 5-19, 5-21, 5-26, 11-19, 11-20, 11-23

A

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7
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DEVRY ACCT 555 Week 3 Homework Assignment

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ACCT 555 Week 3 Homework Assignment
6-19 (Objective 6-1) The following questions concern the reasons auditors do audits. Choose the best response.
Which of the following best describes the reason why an independent auditor reports on financial statements?

Because of the risk of material misstatement, an audit should be planned and performed with an attitude of

A

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8
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DEVRY ACCT 555 Week 4 Homework Assignment

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ACCT 555 Week 4 Homework Assignment
9-22 (Objectives 9-1, 9-2) The following questions deal with materiality. Choose the best response.
9-23 (Objectives 9-6, 9-8) The following questions concern audit risk. Choose the best response.

A

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9
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DEVRY ACCT 555 Week 5 Homework Assignment

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ACCT 555 Week 5 Homework Assignment
Chapter 12, pages 390–397: Problems 12-17, 12-18, and 12-27
Chapter 13, pages 429–430: Problems 13-22, 13-23, and 13-24

A

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10
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DEVRY ACCT 555 Week 6 Homework Assignment

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Chapter 14 Problems 14-21, 14-22, 14-23 14-24,

Chapter 15 Problems 15-22, 15-24, 15-25,

Chapter 16 Problem 20,21,22,24,28

Chapter 17 Problem 28

A

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11
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DEVRY ACCT 555 Week 7 Homework Assignment

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20-17
a.A factory foreman at Steblecki Corporation discharged an hourly worker but did not notify the human resources department. The foreman then forged the worker’s signature on time cards and work tickets and, when giving out the checks, diverted the payroll checks drawn from the discharged worker to his own use. The most effective procedure for preventing this activity is to

An auditor found that employee time records in one department are not properly approved by the supervisor. Which of the following could result?

A

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