ACCT 400 Final Exam Answers

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A. True B. False Question 23 of 50 1.0/ 1.0 Points The SEC is responsible for setting standards for not-for-profit organizations. A. True B. False Question 24 of 50 1.0/ 1.0 Points Substantive testing can be reduced as a result of ITGC testing performed at year-end. A. True B. False
Question 25 of 50 1.0/ 1.0 Points Materiality is a measure of magnitude; yet, it is affected by both quantitative and qualitative factors. A. True B. False Question 26 of 50 1.0/ 1.0 Points The auditor must index the files to conform to the balance sheet. A. True B. False Question 27 of 50 1.0/ 1.0 Points The auditor begins with tests of internal control.
Page 1 and 2: ACCT 400 Final Exam Answers Follow
Page 3 and 4: Question 5 of 50 0.0/ 1.0 Points Al
Page 5 and 6: Question 10 of 50 0.0/ 1.0 Points I
Page 7 and 8: Question 15 of 50 1.0/ 1.0 Points A
Page 9: Question 20 of 50 1.0/ 1.0 Points P
Page 13 and 14: Question 30 of 50 1.0/ 1.0 Points T
Page 15 and 16: Question 35 of 50 1.0/ 1.0 Points A
Page 17 and 18: Question 40 of 50 1.0/ 1.0 Points C
Page 19 and 20: Question 45 of 50 0.0/ 1.0 Points C
Page 21: Question 50 of 50 1.0/ 1.0 Points G

ACCT 400 Final Exam Answers

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