An operational auditor is most likely to be concerned with whether a transaction was a. Necessary. b.

Question:

An operational auditor is most likely to be concerned with whether a transaction was

a. Necessary.

b. Reasonable.

c. Properly approved.

d. Properly supported with documentation.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

See More Books

Question Posted: May 08, 2024 09:03 AM

See More Questions

An operational auditor is most likely to be concerned with whether a transaction was a. Properly approved. b. Properly supported with documentation. c. Necessary. d. Reasonable.
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
State the date (or dates) on which corporation tax is due for payment in relation to the following periods of account: (a) the year to 31 March 2021 (b) the six months to 30 November 2020 (c) the 21...
Lo-bed Company produces a product that requires four standard hours per unit at a standard hourly rate of $28.00 per hour. If 4,000 units required 16,750 hours at an hourly rate of $28.40 per hour,...
Consider the following hypothesis test: H0: 45 H0: > 45 A sample of 36 is used. Identify the p-value and state your conclusion for each of the following sample results. Use = .01. a. x = 44 and s...
Your business purchased supplies of $$1,000$ on account. The journal entry to record this transaction is: a. Supplies 1,000 Accounts receivable 1,000 b. Accounts payable 1,000 Supplies 1,000
A simply supported beam loaded by two forces is shown in the figure. Select a pair of structural steel channels mounted back to back to support the loads in such a way that the deflection at midspan...
1.You plan to make an investment. Given the following probability distribution of the returns, what is the expected return on the investment? If the standard deviation of the returns is $77,460, what...
When planning an operational audit, the auditor should consider the risk of a. Misleading financial statements. b. Inadequate internal controls. c. Inefficient operations. d. Lawsuits for inadequate...
What types of expenditures are classified as questioned costs in a compliance audit?
If you used the Boussinesq (or Westergaard) theory for Problem 10.1, do the problem again but use the Westergaard (or Boussinesq) theory instead. Comment on the differences between the two theories.?
INCOME STATEMENT Net Sales $22,000,000 Cost of Goods Sold $12,090,000 Gross Profit $9,910,000 Depreciation Expense $1,400,000 S&A Expenses $1,672,000 Operating Income (EBIT) $6,838,000 Interest...
John purchased 300 shares of Big Trouble common stock at $25.78 a share in July of 2015. In June of 2016 John buys 3 October 45 puts at 2. If the market of Big Trouble is trading at $33.49 at...
Suppose a flashlight has 6.6 10 2 C of charge pass through it during time 0.35 h. What is the rate of the flashlight's energy consumption, in watts, if it operates at a voltage of 3.00 V?
Consider two assets A and B for which return distributions can be summarized as follows r AB = 0 What is the risk of the minimum risk portfolio composed of these two Stocks? (Hint: Use...
A woman bought 300 shares of stock when the stock cost $46.01 per share. After one year, she sold 100 shares of stock when the price was $70.77 per share. After another year, she sold 200 shares of...
A pion at rest (m = 273me) decays to a muon (m 207me) and an antineutrino. The reaction is written + v. Find the kinetic energy of the muon and the energy of the antineutrino in electron volts....
Let (X. A. p) be a measure space. Show that for any A,B A, we have the equality: (AUB)+(An B) = (A) + (B).
Weygandt, Financial and Managerial, 3e Financial and Managerial CALCULATOR MESSAGE MY INSTRUCTOR STANDARD VIEW PKS Weygandt, Financial and Managerial, Je (1) Naterways Problem 16 (Part Level...
Find the balance owed on the loan after the July payment using the excerpt from the Amortization Table below. Date Payment Principal Interest Total Balance Interest 4/1/2017 $573.74 $292.49 $281.25...
Need to find the formula for each one of these Actual variable overhead costs Budgeted variable manufacturing overhead cost per unit Budgeted variable overhead cost rate per output unit Direct...

An operational auditor is most likely to be concerned with whether a transaction was a. Necessary. b.

Question:

Step by Step Answer:

The correct answer is c Properly approved Operational auditors typically focus ...View the full answer

Auditing An Assertions Approach

Students also viewed these Business questions