Business

University

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Audit Documentation

444

20 questions

  • 1. Multiple Choice
    30 seconds
    1 pt

    Audit procedures may be performed:

    throughout the period being audited with emphasis on the transactions near the end.

    shortly after the close of the period being audited.

    early in the accounting period being audited.

    during all three of the above periods.

  • 2. Multiple Choice
    30 seconds
    1 pt

    When auditors use documents to support recorded transactions, the process is often called:

    physical examination.

    confirmation

    vouching.

    inquiry.

  • 3. Multiple Choice
    30 seconds
    1 pt

    An example of an external document is:

    purchase order for company purchases

    employees' time reports

    carbon copies of checks

    bank statements

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