ACCT 555 External Auditing 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.

  • Some account balances, such as those for pensions and leases, are the result of complex calculations. The susceptibility to material misstatements in these types of accounts is defined as

9-24 (Objective 9-9) The following questions deal with audit risk and evidence. Choose the best response.

10-30 (Objectives 10-1, 10-2, 10-7) The following are general questions about internal control. Choose the best response.

  • When considering internal control, an auditor must be aware of the concept of reasonable assurance, which recognizes that the