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Author Archives: Anonymous

You sent confirmations to test A/R balances, however some of…

You sent confirmations to test A/R balances, however some of the customers did not reply. Which of the following procedures provides the best evidence for an A/R balance.

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You performed a statistical sampling test over controls rela…

You performed a statistical sampling test over controls related to inventory pricing. The sample size was 100 items. The tolerable deviation rate was 6% and the expected population deviation rate was 5%. You tested 100 items and identified 4 control deviations.  The allowance for sampling risk was 1%.  You would most likely determine that the controls over inventory pricing are 

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You performed a statistical sampling test over controls rela…

You performed a statistical sampling test over controls related to inventory pricing. You tested 100 items and identified 3 control deviations. What is the sample deviation rate?

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Control activities are one of the components of internal con…

Control activities are one of the components of internal controls in the COSO framework.  Which of the following is not a control activity?

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Legal confirmations assist with testing contingent liabiliti…

Legal confirmations assist with testing contingent liabilities.

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Determine the domain and the range of the function shown. …

Determine the domain and the range of the function shown.    Domain: [domain] Range: [range]

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You identified a material weakness in leases related to the…

You identified a material weakness in leases related to the Beach Co. ICFR audit.  What type of audit opinion over ICFR should be issued?

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You are auditing Jax Co. for the year ending 12/31/2025.  A…

You are auditing Jax Co. for the year ending 12/31/2025.  A customer with a large A/R balance declared bankruptcy on 1/9/2026  due to losses from a natural disaster that occurred the first week of January 2026. The customer was not adequately insured. This situation will require a 

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Which of the following is not a component of the system of i…

Which of the following is not a component of the system of internal controls?

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Write an equation or a function that has the shape of , but…

Write an equation or a function that has the shape of , but shifted left 3 units and up 7 units with a reflection about the x-axis.

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