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QUESTION 24 Tests of controls O are the procedures used to test the effectiveness of...

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Accounting

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QUESTION 24 Tests of controls O are the procedures used to test the effectiveness of controls in support of a reduced assessed control risk. O are used to support the ending balances in the balance sheet and income statement accounts. O are performed at the end of the audit. O are designed to detect fraud. QUESTION 25 An auditor selects a sample from the file of shipping documents to determine whether invoices were prepared for this sample. This test is to satisfy the audit objective of O accuracy. O existence. control. O completeness. QUESTION 26 For which of the following would a managerial accounting report most likely be intended? The Securities and Exchange Commission. O The Vice President of Quality Assurance employed by a manufacturing company. An agency of the federal government that regulates the industry in which the company operates. O Stockholders not employed by the company

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