ACCT 400 Final Exam Answers

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A. True B. False Question 33 of 50 1.0/ 1.0 Points If a client changes auditors, the new auditors may have to reissue the audit report for the previous year. A. True B. False Question 34 of 50 1.0/ 1.0 Points An Unbilled Services account can be used to capture services that are provided before and during the surgery that have not yet been billed. The Unbilled Services account is most important at the end of the fiscal period so that proper revenue is recorded. A. True B. False
Question 35 of 50 1.0/ 1.0 Points Auditors perform walkthroughs as an efficient way to gain an understanding of ICFR and assess design effectiveness. A. True B. False Question 36 of 50 1.0/ 1.0 Points Currently, the primary authoritative body that regulates individual CPAs is the Congress of the United States. A. True B. False Question 37 of 50 1.0/ 1.0 Points Obsolete inventory is an example of inherent risk.
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 and 10: Question 20 of 50 1.0/ 1.0 Points P
Page 11 and 12: Question 25 of 50 1.0/ 1.0 Points M
Page 13: Question 30 of 50 1.0/ 1.0 Points T
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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