Homework Answers
Audit Risk Model consist of the inherent Risk,Detection risk, Audit Risk and control Risk . As per Auditing Standard-315, Assessment of Entity's Risk is based on Audit Risk Model.
Ans) Audit Risk Model.
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Which of the following terms best describes the numerical depiction of the relationship between control risk inhere...
Inherent risk and control risk differ from detection risk in which of the following ways? Inherent...
Inherent risk and control risk differ from detection risk in which of the following ways? Inherent risk and control risk exist independently of the audit. Inherent risk and control risk exist as a result of the auditor's judgment about materiality. Inherent risk and control risk are calculated by the client. Inherent risk and control risk are controlled by the auditor.
6. Which of the following statements is not correct? If (a) (b) (c) individual audit risk...
6. Which of the following statements is not correct? If (a) (b) (c) individual audit risk remains the same, detection risk has an inverse relationship to inherent risk and control risk. The auditor may make separate or combined assessments of inherent risk and control risk. Detection risk cannot be changed at the auditor's discretion The greater the inherent and control risks the auditor believes exist, the less detection risk that can be accepted. (d) 7. Inherent risk and control risk...
13 Following are three situations that involve the audit risk model as it is used for...
13 Following are three situations that involve the audit risk model as it is used for planning audit evidence requirements in the audit of inventory. 1 Acceptable audit risk Inherent risk Control risk Planned detection risk Planned evidence High Low Low Situation 2 Low High High 3 Medium Medium Medium Required. Fill in the blanks for planned detection risk and planned evidence using the terms low, medium, or high. Then, using your knowledge of the relationships among the foregoing factors,...
Control Risk - Materiality - Confirmation - Vouching - Tracing - SHORT ANSWER 1. List the...
Control Risk - Materiality - Confirmation - Vouching - Tracing - SHORT ANSWER 1. List the responsibilities of: Management Auditor Audit Committee DI2 = 2. Write the formula for Audit Risk, breaking out each of the formula components. AR= IR X CRX DR. Audit Inherent Control Detection Risk Risk Risk Risi Risk AR IRX CR 3. Write formulas for the following ratios - state what each can be used to measure, and what a high ratio indicates: a. Current Ratio...
Which of the following equations best describes the relationship between vectors A, B, and C? I...
Which of the following equations best describes the relationship
between vectors A, B, and C? I am not all the way sure how to solve
this. Can you please also explain why you picked the answer you did
at the end. Thanks!
Part II Three vectors A, B, and C are shown below. Question 7 which of the following equation best describes the relationship between vectors A, B, and C? OA BC B=A+C No equation can be written to relate...
Which of the following best describes a reaction mechanism: A step by step depiction of how...
Which of the following best describes a reaction mechanism: A step by step depiction of how a reaction takes place the movement of products to reactants The reactivity of all species from front to back An illustration of how electrons become neutrons
Which of the following terms best describes the audit of a taxpayer's tax return by an...
Which of the following terms best describes the audit of a taxpayer's tax return by an IRS auditor? A Operational audit. B Compliance audit. C Government audit. D Internal audit.
which of the following statements best describes the relationship between the income statement and the balance...
which of the following statements best describes the relationship between the income statement and the balance sheet?
3. Answer the following multiple-choice questions. (60 points) I. Which word best describes the relationship between...
3. Answer the following multiple-choice questions. (60 points) I. Which word best describes the relationship between these molecules? CH3 a) enantiomers b) diastereomers c) constitutional d) geometric sama molecule which word best describes the relationship between these molecules? d) geometric same molecule III. Which word best describes the relationship between these molecules? d) geometric ) same moleaule a) enantiomersb) diastereomers constitutional IV, which word best describes the relationship between these molecules? d) geometric e) same molecule a) enantiomers b diastereoners...
14) Which of the following terms best describes the stereochemical relationship of compounds shown below in...
14) Which of the following terms best describes the stereochemical relationship of compounds shown below in Fischer notation? Clationship of the two CH3 Cats H HCI BAH Cats CH3 A) enantiomers B) diastereomers C) constitutional isomers D) cis/trans - isomers E) meso - same structure 15y What term describes the structural relationship between cis-1.2-dimethylcyclopentane and trans-1,2-dimethylcyclopentane? A) not isomers B) constitutional isomers C) enantiomers D) diastereomers E) conformers 16) How many diastereomers are there of the molecule shown below? ÇOZH...
6. Which of the following statements is not correct? If (a) (b) (c) individual audit risk remains the same, detection risk has an inverse relationship to inherent risk and control risk. The auditor may make separate or combined assessments of inherent risk and control risk. Detection risk cannot be changed at the auditor's discretion The greater the inherent and control risks the auditor believes exist, the less detection risk that can be accepted. (d) 7. Inherent risk and control risk...
13 Following are three situations that involve the audit risk model as it is used for planning audit evidence requirements in the audit of inventory. 1 Acceptable audit risk Inherent risk Control risk Planned detection risk Planned evidence High Low Low Situation 2 Low High High 3 Medium Medium Medium Required. Fill in the blanks for planned detection risk and planned evidence using the terms low, medium, or high. Then, using your knowledge of the relationships among the foregoing factors,...
Control Risk - Materiality - Confirmation - Vouching - Tracing - SHORT ANSWER 1. List the responsibilities of: Management Auditor Audit Committee DI2 = 2. Write the formula for Audit Risk, breaking out each of the formula components. AR= IR X CRX DR. Audit Inherent Control Detection Risk Risk Risk Risi Risk AR IRX CR 3. Write formulas for the following ratios - state what each can be used to measure, and what a high ratio indicates: a. Current Ratio...
Which of the following equations best describes the relationship
between vectors A, B, and C? I am not all the way sure how to solve
this. Can you please also explain why you picked the answer you did
at the end. Thanks!
Part II Three vectors A, B, and C are shown below. Question 7 which of the following equation best describes the relationship between vectors A, B, and C? OA BC B=A+C No equation can be written to relate...
Which of the following best describes a reaction mechanism: A step by step depiction of how a reaction takes place the movement of products to reactants The reactivity of all species from front to back An illustration of how electrons become neutrons
3. Answer the following multiple-choice questions. (60 points) I. Which word best describes the relationship between these molecules? CH3 a) enantiomers b) diastereomers c) constitutional d) geometric sama molecule which word best describes the relationship between these molecules? d) geometric same molecule III. Which word best describes the relationship between these molecules? d) geometric ) same moleaule a) enantiomersb) diastereomers constitutional IV, which word best describes the relationship between these molecules? d) geometric e) same molecule a) enantiomers b diastereoners...
14) Which of the following terms best describes the stereochemical relationship of compounds shown below in Fischer notation? Clationship of the two CH3 Cats H HCI BAH Cats CH3 A) enantiomers B) diastereomers C) constitutional isomers D) cis/trans - isomers E) meso - same structure 15y What term describes the structural relationship between cis-1.2-dimethylcyclopentane and trans-1,2-dimethylcyclopentane? A) not isomers B) constitutional isomers C) enantiomers D) diastereomers E) conformers 16) How many diastereomers are there of the molecule shown below? ÇOZH...
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