When designed correctly, form reports save time and increase clerical accuracy over individually prepared reports
Indicate whether the statement is true or false
T
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Hawkins requested permission to communicate with the predecessor auditor and review certain portions of the predecessor auditor's working papers. The prospective client's refusal to permit this will bear directly on Hawkins' decision concerning the:
A. adequacy of the preplanned audit program. B. apparent scope limitation. C. integrity of management. D. ability to establish consistency in application of accounting principles between years.
An auditor most likely would limit substantive tests of sales transactions when control risk is assessed as low for the existence or occurrence assertions concerning sales transactions and the auditor has already gathered evidence supporting:
A. opening and closing inventory balances. B. cash receipts and accounts receivable. C. cutoffs of sales and purchases. D. receiving activities.
The three-step writing process is most effective in what type of business writing?
A) Emails B) Short memos C) Long reports D) External communications E) All written communications
Galley Company, a manufacturer of small kitchen appliances, had the following activities, allocated costs, and allocation bases:
What is the cost per line for the account billing activity? (Round your answer to the nearest cent.)
A) $2.44
B) $28.08
C) $4.56
D) $15.00