Aca assurance exam - Study guides, Class notes & Summaries

ACA – Assurance Exam Questions and Answers 100% Pass What are the five elements of an assurnace engagement? - Answer- Criteria, Report, Evidence, Subject matter, Thrid Patry Relationship Who is a practitioner? - Answer- The person or party carrying out the assurance engagement. What are the two types of assurnace engagement identified under the international framework for assurnace engagement? - Answer- 1. Resaonable Assurance 2. Limited Assurance What constitues a reasonable assuranc...

Assurance ACA Exam Questions With Verified Answers Written confirmations are required from all client staff who have made oral representations. True or False? - answerA) True B) False Which one of the following controls is LEAST LIKELY to address the risk that money received is not banked? - answerA) Matching cash receipts with invoices B) Monthly bank reconciliations C) Prompt bank payments D) Investigation of shortages and surpluses of cash in the business As part of his analytical p...

Assurance ACA Exam Questions With Verified Answers Written confirmations are required from all client staff who have made oral representations. True or False? - answerA) True B) False Which one of the following controls is LEAST LIKELY to address the risk that money received is not banked? - answerA) Matching cash receipts with invoices B) Monthly bank reconciliations C) Prompt bank payments D) Investigation of shortages and surpluses of cash in the business As part of his analytical p...

Assurance ACA Exam Questions With Verified Answers Written confirmations are required from all client staff who have made oral representations. True or False? - answerA) True B) False Which one of the following controls is LEAST LIKELY to address the risk that money received is not banked? - answerA) Matching cash receipts with invoices B) Monthly bank reconciliations C) Prompt bank payments D) Investigation of shortages and surpluses of cash in the business As part of his analytical p...

ACA - Assurance Certificate Exam Questions With Verified Answers CREST - answerCriteria (What are we testing against?) Report - Evidence Subject Matter (Vehicle, Financial Statement). Three party relationship When do we use MANICS - answerWhen we plan an assurance engagement. MANICS Acryonym - answerManagement Integrity Adequate Resources Nature of Engagement Identification Communication Stability What is the purpose of an Engagement Letter? - answerDefine Roles Provide Written Co...

ACA - Assurance Certificate Exam Questions With Verified Answers CREST - answerCriteria (What are we testing against?) Report - Evidence Subject Matter (Vehicle, Financial Statement). Three party relationship When do we use MANICS - answerWhen we plan an assurance engagement. MANICS Acryonym - answerManagement Integrity Adequate Resources Nature of Engagement Identification Communication Stability What is the purpose of an Engagement Letter? - answerDefine Roles Provide Written Co...

ACA – Assurance Exam Questions and Answers 100% Pass What are the five elements of an assurnace engagement? - Answer- Criteria, Report, Evidence, Subject matter, Thrid Patry Relationship Who is a practitioner? - Answer- The person or party carrying out the assurance engagement. What are the two types of assurnace engagement identified under the international framework for assurnace engagement? - Answer- 1. Resaonable Assurance 2. Limited Assurance What constitues a reasonable assuranc...

CEBS GBA 2 Practice Exam Questions with Certified Answers According to the RAND Health Insurance Experiment, which variable has the greatest power in explaining health expenditures? A.) Welfare eligibility B.) Prior utilization C.) Physical health (based on self-reported measures) D.) General health (based on self-reported measures) E.) Mental health (based on self-reported measures) B.) Prior utilization A provision in some group life insurance plans that provides for the payment of all o...

ACA - Assurance Certificate Exam Questions With Verified Answers CREST - answerCriteria (What are we testing against?) Report - Evidence Subject Matter (Vehicle, Financial Statement). Three party relationship When do we use MANICS - answerWhen we plan an assurance engagement. MANICS Acryonym - answerManagement Integrity

ACA - Assurance Exam Questions With 100% Correct Answers what are audit documentations? - answerRECORD of procedures performed, relevant evidence obtained and conclusions reached why should assurance providers record their work? - answer- assist audit team to plan and perform audit - assist relevant members to direct and supervise work - enable audit team to be accountable (prove adherence to ISA) - retain record of matters to future audits - enable experienced auditor to carry out qual...