List whether each of 1 through 7 is a control test deviation, monetary misstatement or both.

Question

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Answer 1

Question

Chapter 18, Problem 23DQP

a.

To determine

List whether each of 1 through 7 is a control test deviation, monetary misstatement or both.

b.

To determine

List the transactions related audit objective that were not met.

c.

To determine

Explain the audit importance of each of these exceptions.

d.

To determine

Explain the follow up procedure use to determine more about the nature of each exception

e.

To determine

List the effect of exception on the test of the audit.

f.

To determine

Explain the internal control that would prevent each misstatement

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Answer 2

Question

Chapter 18, Problem 23DQP

a.

To determine

List whether each of 1 through 7 is a control test deviation, monetary misstatement or both.

b.

To determine

List the transactions related audit objective that were not met.

c.

To determine

Explain the audit importance of each of these exceptions.

d.

To determine

Explain the follow up procedure use to determine more about the nature of each exception

e.

To determine

List the effect of exception on the test of the audit.

f.

To determine

Explain the internal control that would prevent each misstatement

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Answer 3

Question

Chapter 18, Problem 23DQP

a.

To determine

List whether each of 1 through 7 is a control test deviation, monetary misstatement or both.

b.

To determine

List the transactions related audit objective that were not met.

c.

To determine

Explain the audit importance of each of these exceptions.

d.

To determine

Explain the follow up procedure use to determine more about the nature of each exception

e.

To determine

List the effect of exception on the test of the audit.

f.

To determine

Explain the internal control that would prevent each misstatement

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Answer 4

Question

Chapter 18, Problem 23DQP

a.

To determine

List whether each of 1 through 7 is a control test deviation, monetary misstatement or both.

b.

To determine

List the transactions related audit objective that were not met.

c.

To determine

Explain the audit importance of each of these exceptions.

d.

To determine

Explain the follow up procedure use to determine more about the nature of each exception

e.

To determine

List the effect of exception on the test of the audit.

f.

To determine

Explain the internal control that would prevent each misstatement

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Answer 5

Chapter 18, Problem 23DQP

a.

To determine

List whether each of 1 through 7 is a control test deviation, monetary misstatement or both.

b.

To determine

List the transactions related audit objective that were not met.

c.

To determine

Explain the audit importance of each of these exceptions.

d.

To determine

Explain the follow up procedure use to determine more about the nature of each exception

e.

To determine

List the effect of exception on the test of the audit.

f.

To determine

Explain the internal control that would prevent each misstatement

Answer 6

Chapter 18, Problem 23DQP

a.

To determine

List whether each of 1 through 7 is a control test deviation, monetary misstatement or both.

Answer 7

Chapter 18, Problem 23DQP

a.

To determine

List whether each of 1 through 7 is a control test deviation, monetary misstatement or both.

Answer 8

b.

To determine

List the transactions related audit objective that were not met.

Answer 9

b.

To determine

List the transactions related audit objective that were not met.

Answer 10

c.

To determine

Explain the audit importance of each of these exceptions.

Answer 11

c.

To determine

Explain the audit importance of each of these exceptions.

Answer 12

d.

To determine

Explain the follow up procedure use to determine more about the nature of each exception

Answer 13

d.

To determine

Explain the follow up procedure use to determine more about the nature of each exception

Answer 14

e.

To determine

List the effect of exception on the test of the audit.

Answer 15

e.

To determine

List the effect of exception on the test of the audit.

Answer 16

f.

To determine

Explain the internal control that would prevent each misstatement

Answer 17

f.

To determine

Explain the internal control that would prevent each misstatement

Answer 18

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Answer 19

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Answer 20

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Answer 21

Ch. 18 - List five asset accounts, three liability...Ch. 18 - Prob. 2DQP Ch. 18 - Prob. 3DQP Ch. 18 - Prob. 4DQP Ch. 18 - Prob. 5DQP Ch. 18 - Prob. 6DQP Ch. 18 - Prob. 7DQP Ch. 18 - Prob. 8DQP Ch. 18 - Prob. 9DQP Ch. 18 - Prob. 10DQP

List whether each of 1 through 7 is a control test deviation, monetary misstatement or both.

Solution Summary: The author explains whether each of the exceptions is a control test deviation, monetary misstatement or both.

Concept explainers

List whether each of 1 through 7 is a control test deviation, monetary misstatement or both.

List the transactions related audit objective that were not met.

Explain the audit importance of each of these exceptions.

Explain the follow up procedure use to determine more about the nature of each exception

List the effect of exception on the test of the audit.

Explain the internal control that would prevent each misstatement

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Chapter 18 Solutions