1031882
Questão 1
Questão
Which of the following is not a principal objective of the auditor in the examination of revenues?
Responda
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To verify cash deposited during the year.
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To evaluate internal control, with particular emphasis on the use of accrual accounting to record revenue.
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To verify that earned revenue has been recorded, and recorded revenue has been earned.
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To identify and interpret significant trends and variations in the amounts of various categories of revenue.
Questão 2
Questão
Which of the following procedures would ordinarily be expected to best reveal unrecorded sales at the balance sheet date?
Responda
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Compare shipping documents with sales records.
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Apply gross profit rates to inventory disposed of during the period.
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Trace payments received subsequent to the balance sheet date.
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Send accounts receivable confirmation requests.
Questão 3
Questão
If accounts receivable turned over 7.1 times in 1979 as compared to only 5.6 times in 1980, it is possible that there were
Responda
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Unrecorded credit sales in 1980.
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Unrecorded cash receipts in 1979.
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More thorough credit investigations made by the company late in 1979.
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Fictitious sales in 1980.
Questão 4
Questão
Lapping would most likely be detected by
Responda
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Examination of canceled checks clearing in the bank cut-off period.
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Confirming year-end bank balances.
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Preparing a schedule of interbank transfers.
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Investigating responses to accounts receivable confirmations.
Questão 5
Questão
When there are a large number of relatively small account balances, negative confirmation of A/R is feasible if I/C is
Responda
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Strong, and the individuals receiving the confirmation requests are unlikely to give them adequate consideration.
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Weak, and the individuals receiving the confirmation requests are likely to give them adequate consideration.
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Weak, and the individuals receiving the confirmation requests are unlikely to give them adequate consideration
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Strong, and the individuals receiving the confirmation requests are likely to give them adequate consideration.
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