How do the tests of controls affect substantive tests?
Tests of controls are used by the auditor to measure the strength of the internal control structure. The stronger the internal controls, the lower the control risk, and the less substantive testing the auditor must do.
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Assertive behaviors are based on six beliefs, according to the discussion in the chapter. Describe four of these underlying beliefs
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Management is needed in all types and sizes of organizations, at all organizational levels and in all organizational work areas, and in all organizations, no matter where they are located. This principle is known as the ________.
A. impartiality of management B. neutrality of management C. universality of management D. reality of management
The following information comes from the flexible budget performance report of Jackal Corp. for the current period. Prepare the journal entries to charge direct materials and direct labor costs to work in process and the materials and labor variances to their proper accounts.Direct materials actual cost…………………………$237,400Direct materials standard cost ……………………$238,750Materials price variance………………………….$ 11,700 UMaterials quantity variance…………………………$ 13,050 F
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Sound Financials Corporation sends daily e-mail ads to its previous customers and those who have opted to receive the notices.Instable Investments, Inc, sends e-mail ads to any e-mail address that Instable can find on the Web or otherwise generate. Without authorization, Brady uses the trademark of Ciera Coffee Company to promote cheap, flavorless candy, which is not similar to Ciera's products
but diminishes the quality of the coffee company's mark. This is A) cybersquatting. B) typosquatting. C) trademark infringement. D) trademark dilution.