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please answer multiple choice questions the auditor indetemning whether all retirements have been recorded except from sales ofplant asset s audea 12 The fofowing procedures
please answer multiple choice questions
the auditor indetemning whether all retirements have been recorded except from sales ofplant asset s audea 12 The fofowing procedures may be uselulto evestigete the disposison of acities associeted with discontinued productlines and operations race reiemet work orders and uthoicin fo eements tothe accounting records 13 The specific Snancingcyde audt ojective,stockholderd equty balancoes represent the owners interests that exist at the balance sheet date, relates teth nghts andosetion tm debt andreutedrcornesteenent balances and stockholders' equityba lances are income ! 14. The specific fnancingcyde audit ojecti long-sem presentation or disclosure assenon 5 During inspedion of the stock cersificate book, the auditor determines that all unis suedi cenficates are intact. This relates primarily tothe: 16. The auditor wnommally find evidence concerning the proper authorizationof transactions in the financing cycle by direct confirmation by the investors inquiring ofthe audr committee inquiring of mara gemet reading the copies ofthe contads readingthe minutes of the baard ofdirectors meetngs 17. ifcompletenessis a concem for accourb payatie auditors wlsend accounts peatie confirmations to paableconf primanily vendors with large accounts payable balances primarily vendors with small accounts payable balances all vendors d arandom sample ofallvendors 18. The cutoff assertion for accounts payable indudes determining whetheral accounts payable arerecorded determining whetheral accounts payable adtuallyare labites determining whetheral accounts payable are recorded in the proper period determining whetheral accounts payable are properly classfied in the finandial statements. 19. The spedfic auditobjective that all purchanes and cash disbursements made during the period were recorded re lates to: rights andobigations existence or occirrence presentation anddiscsure valustion or allocation 20. The spedfic audtobjective that all purdhase transac fors and posted relates to and cash disbursements are valuedusing GAAP and correctly journalized, summarized cash rights andobigations existenceor occurrence presentation anddisclosre valuationor alocation. the auditor indetemning whether all retirements have been recorded except from sales ofplant asset s audea 12 The fofowing procedures may be uselulto evestigete the disposison of acities associeted with discontinued productlines and operations race reiemet work orders and uthoicin fo eements tothe accounting records 13 The specific Snancingcyde audt ojective,stockholderd equty balancoes represent the owners interests that exist at the balance sheet date, relates teth nghts andosetion tm debt andreutedrcornesteenent balances and stockholders' equityba lances are income ! 14. The specific fnancingcyde audit ojecti long-sem presentation or disclosure assenon 5 During inspedion of the stock cersificate book, the auditor determines that all unis suedi cenficates are intact. This relates primarily tothe: 16. The auditor wnommally find evidence concerning the proper authorizationof transactions in the financing cycle by direct confirmation by the investors inquiring ofthe audr committee inquiring of mara gemet reading the copies ofthe contads readingthe minutes of the baard ofdirectors meetngs 17. ifcompletenessis a concem for accourb payatie auditors wlsend accounts peatie confirmations to paableconf primanily vendors with large accounts payable balances primarily vendors with small accounts payable balances all vendors d arandom sample ofallvendors 18. The cutoff assertion for accounts payable indudes determining whetheral accounts payable arerecorded determining whetheral accounts payable adtuallyare labites determining whetheral accounts payable are recorded in the proper period determining whetheral accounts payable are properly classfied in the finandial statements. 19. The spedfic auditobjective that all purchanes and cash disbursements made during the period were recorded re lates to: rights andobigations existence or occirrence presentation anddiscsure valustion or allocation 20. The spedfic audtobjective that all purdhase transac fors and posted relates to and cash disbursements are valuedusing GAAP and correctly journalized, summarized cash rights andobigations existenceor occurrence presentation anddisclosre valuationor alocationStep by Step Solution
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