The date on which no information may be deleted from audit documentation is the
A. Documentation completion date.
B. Client's year-end.
C. Last date of significant fieldwork.
D. All of these are incorrect in that no information may ever be deleted from audit documentation.
Answer: A
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Cell phone manufacturer LZT has to choose between two options for sourcing parts: Japan-based Keiko Inc. and US-based Global Tech. How can Keiko reduce the total customer cost for LZT?
What will be an ideal response?
Which of the following consumer promotion tools involves using one brand to advertise another noncompeting brand?
A) tie-in promotion B) frequency programs C) specialty advertising D) cross-promotion E) patronage awards
In the late 90s, Sears spent much of its communication budget advertising the "Softer Side of Sears" campaign since it felt the customer knew very little of Sears' apparel assortments and thus there would be a substantial return from advertising apparel versus advertising the more known appliances. What principle for budget allocation was Sears potentially using?
A. Affordable method B. High-assay principle C. Rule of thumb method D. Asset principle E. Percentage of sales method
Halverstein Company's outstanding stock consists of 7,000 shares of cumulative 5% preferred stock with a $10 par value and 3,000 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividend DeclaredYear 1$0Year 2$6,000Year 3$32,000The amount of dividends paid to preferred and common shareholders in Year 2 is:
A. $4,200 preferred; $1,800 common. B. $3,500 preferred; $2,500 common. C. $6,000 preferred; $0 common. D. $0 preferred; $6,000 common. E. $3,000 preferred; $3,000 common.