ACCT 444 Week 5 Quiz

tests of
controls.
initial
assessment
of control
risk,
substantive
tests, and
tests of
controls.
initial
assessment
of control
risk, tests
of
controls,
and
substantive
tests.
tests of
controls,
initial
assessment
of control
risk, and
substantive
tests.
5. (TCO 6) The purpose of tests of controls is to provide reasonable assurance that the (Points :
3)
accounting treatment of transactions and balances is valid and proper.
internal control procedures are functioning as intended.
entity has complied with GAAP disclosure requirements.
entity has complied with requirements of quality control.
6. (TCO
9) It is
important
that sales
be billed
and
recorded
in the