18.

In the conversion process, indirect labor is first recorded to which of the following accounts?

Multiple Choice

• Manufacturing Overhead.

• Finished Goods.

• Raw Material Inventory.

• Work-in-Process Inventory.

34.

The use of data analytics will likely result in significant changes to clients expectations of their auditors. Which of the following is most likely not one of those expected changes?

Multiple Choice

• More time spent gathering and testing data.

• More innovative thinking.

• Deeper and broader insights.

• Faster and more efficient delivery of audit findings.

35.

Which of the following least reflects the purpose of a business rule in the conversion process?

Multiple Choice

• Assuring that all products meet quality standards

• Segregating authorizing, issuing, and conversion work duties

• Limiting who can view and change records in the system

• Ensuring no production without a customer order