Acct 3222 3 Study guides, Class notes & Summaries

ACCT 3222-3,WILLEY, EXAM 1 QUESTIONS WITH WELL ANSWERED ANSWERS ALREADY GRADED A+

LSU ACCT 3222 Chpt 12 & 13 - Final Exam with complete solutions. What assertion is most important in auditing payables and liabilities? ️ completeness What assertion is tested when performing initial procedures for A/P balances? ️ valuation 4 initial procedures for A/P ️ 1. agree BB to PY 2. obtain A/P TB 3. scan for unusual transactions 4. agree sub ledger to GL In auditing which accounts are substantive procedures optional? ️ payables/ liabilities CASH (not meaningful bc of...

LSU ACCT 3222 Laura Wiley - Chapter 1 Exam 1 Questions With 100% Correct Answers 2024. any independent service that improves the quality of information (financial or non-financial) Assurance Services What two other services fall under the umbrella of Assurance services? 1. Attestation Services 2. Audit Services Name the 4 other services of Assurance services: 1. Risk advisory services 2. Compliance with EPA standards 3. Website security 4. Data integrity independent CPA (or practiti...

LSU ACCT 3222 Laura Wiley - Chapter 3 Exam 1- questions- with complete solutions

ACCT 3222 Exam 2 Questions with Correct Answers 2024 What are the 2 categories of assertions? - answer1. Transactions & Events & Related Disclosures [ Income statement] 2. Accouont Balances & Related Disclosures [Balance Sheet] Transactions and events and related disclosures - answerCPA COP Completeness Proper Period Cutoff Accuracy Classification Occurrence Presentation Account Balances and Related Disclosures - answerCARE PC Completeness Accuracy Rights and Oblig Existence Pre...

LSU ACCT 3222 Chp 12 & 13 - Final Exam Questions and Answers with Complete Solutions 100% Correct | 2024 What assertion is most important in auditing payables and liabilities? completeness What assertion is tested when performing initial procedures for A/P balances? valuation 4 initial procedures for A/P 1. agree BB to PY 2. obtain A/P TB 3. scan for unusual transactions 4. agree sub ledger to GL In auditing which accounts are substantive procedures optional? payables/ liabilities ...

LSU ACCT 3222 Laura Wiley - Chapter 1 Exam 1 Questions with Correct Answers any independent service that improves the quality of information (financial or non-financial) - answerAssurance Services What two other services fall under the umbrella of Assurance services? - answer1. Attestation Services 2. Audit Services Name the 4 other services of Assurance services: - answer1. Risk advisory services 2. Compliance with EPA standards 3. Website security 4. Data integrity independent CPA (...

Acct 3222 - Exam 2 Questions with 100% Correct Answers 2024 Ethics - answerSystem or code of conduct that indicate how to interact with others Professionalism - answerconduct, aims, or qualities that characterize a profession or professional person Theories of Ethical Behavior - answer-Utilitarianism -Rights Based -Justice Based Utilitariamism - answerdecision making is a trade-off between benefits and burdens of alt actions and those affected Rights-Based - answerduty to respect other...

CPAs are the only _________ accounting professionals in the US and the ________ are issued at the ____________ level - Answer Licensed accounting professionals in the US. Licenses are issued at the state level, not federal A state board of accountancy will only issue - Answer a licence to practice after all three Es have been earned CPA Es - Answer Education, Exam, and Experience

ACCT 3222 Exam 2 Questions with Correct Answers 2024 What are the 2 categories of assertions? - answer1. Transactions & Events & Related Disclosures [ Income statement] 2. Accouont Balances & Related Disclosures [Balance Sheet] Transactions and events and related disclosures - answerCPA COP Completeness Proper Period Cutoff Accuracy Classification Occurrence Presentation Account Balances and Related Disclosures - answerCARE PC Completeness Accuracy Rights and Oblig Existence Pre...