100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
CMPC 312 QUIZ 1 QUESTIONS WITH REVISED ANSWERS $11.59   Add to cart

Exam (elaborations)

CMPC 312 QUIZ 1 QUESTIONS WITH REVISED ANSWERS

 6 views  0 purchase
  • Course
  • CMPC 312
  • Institution
  • CMPC 312

CMPC 312 QUIZ 1 QUESTIONS WITH REVISED ANSWERS Measure of the quantity; affected by the auditor's assessment of the risk of material misstatement - Answer-Sufficiency Deal with the logical connection with the purpose of the audit procedure under the assertion under consideration - Answer-Rel...

[Show more]

Preview 1 out of 4  pages

  • August 31, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CMPC 312
  • CMPC 312
avatar-seller
Scholarsstudyguide
CMPC 312 QUIZ 1 QUESTIONS WITH
REVISED ANSWERS
Measure of the quantity; affected by the auditor's assessment of the risk of material
misstatement - Answer-Sufficiency

Deal with the logical connection with the purpose of the audit procedure under the
assertion under consideration - Answer-Relevance

Influenced by the source and nature of the information, including the controls over its
preparation and maintenance; information is free from error and bias and faithfully
represents what it supports to represent - Answer-Reliability

Synonyms of reliability - Answer-dependability and trustworthiness

More reliable that obtained from entity's records because it is from independent source -
Answer-External

Evidence obtained directly by auditors is more reliable than that obtained indirectly or by
inference - Answer-Auditor

Obtained from the entity's records is more reliable when the related internal control
system operates effectively - Answer-Entity

In the form of documents or written representations are more reliable than oral
representation - Answer-Written

process designed and effected by those charged with governance, management and
other personnel to provide reasonable assurance about the achievement of the entity's
objectives with regard to reliability of financial reporting, effectiveness and efficiency of
operations, and compliance with laws and regulations - Answer-Internal Control

who defined the internal control - Answer-Commission of Sponsoring Organizations of
the Treadway Commission (COSO)

Organizational Objectives, except:

a) Operational
b) Growth
c) Financial Reporting
d) Compliance - Answer-b) Growth

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Scholarsstudyguide. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.59. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83637 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.59
  • (0)
  Add to cart