Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following is a control activity in re

Which of the following is a control activity in relation to occurence? a. The...

50.1K

Verified Solution

Question

Accounting

Which of the following is a control activity in relation to occurence?

a.

The accountant inspects areas where repair costs have been invoiced to ensure repairs have been carried out.

b.

At the end of each month, the accountant reviews whether income has been received for all current rental agreements.

c.

The accountant compares the amount in the building repairs invoice with the repairs quotation.

d.

The accountant reviews rental income received around year-end to see which period it has been recorded in.

Which of the following is NOT generally reviewed as part of the auditors identification of special circumstances and unusual risks before accepting an engagement?

a.

Identifying intended users of the audited financial report.

b.

Assessing a prospective client's legal and financial stability.

c.

Reviewing industry and economic data.

d.

Evaluating the entity's auditability.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What are the ICD-10-PCS codes for the skin biopsies?

Medical Sciences
Q

1.14. Problem. (Section 3.4) A public health researcher examines the medical records of a group of...

Basic Math
Q

1.What was the response to change as in acceptance or negative reaction to change? 2. How could...

General Management
Q

59 Two asteroids heavenly bodies of equal masses revolve diametrically opposite to each other in...

Physics
Q

Complete parts a through d for the sampling distribution of the sample mean shown in...

Statistics
Q

1 point Evaluate the integral 0 3 8x 1 dx

Calculus
Q

In one week a music store sold 9 guitars for a total of 3611 Electric...

Algebra
Q

Porcupine, Co. is a manufacturer that uses a job-order costing system. During the first period...

Accounting
Q

ABC Company bought 2,000 shares of common stock (5% interest) of JKL Company for $10...

Accounting
Q

Joyner Companys income statement for Year 2 follows: ...

Accounting
Q

Assume everything is given in n=0, CONSTANT dollars unless otherwise stated: Hartsfield Company is considering...

Finance
Q

A pension fund manager is considering three mutual funds. The first is a stock fund,...

Finance