AACA - FINAL EXAM
2025/26 ACTUAL | 141
QUESTIONS | WITH
COMPLETE
SOLUTIONS.
AACA
Evatee 11/10/25 AACA
,AACA - FINAL EXAM 2025/26 ACTUAL | 141
QUESTIONS | WITH COMPLETE SOLUTIONS.
Which of the following procedures would an auditor most likely perform to test
controls relating to management's assertion about the completeness of cash
receipts for cash sales at a retail outlet?
A. Observe the consistency of the employees' use of cash registers and tapes.
B. Inquire about employees' access to recorded but undeposited cash.
C. Trace deposits in the cash receipts journal to the cash balance in the general
ledger.
D. Compare the cash balance in the general ledger with the bank confirmation
request. Answer - A. Observe the consistency of the employees' use of cash
registers and tapes.
To provide assurance that each voucher is submitted and paid only once, an
auditor most likely would examine a sample of paid vouchers and determine
whether each voucher is
A. supported by a vendor's invoice.
B. stamped "paid" by the check signer.
,C. prenumbered and accounted for.
D. approved for authorized purchases. Answer - B. stamped "paid" by the
check signer.
The auditor looks for an indication on duplicate sales invoices to see if the
invoices have been verified. This is an example of
A. a test of details of balances.
B. a test of control.
C. a substantive test of transactions.
D. both a test of control and a substantive test of transactions Answer - B. a
test of control.
Which of the following controls may prevent the failure to bill customers for
some shipments?
A. Each shipment should be supported by a prenumbered sales invoice that is
accounted for.
B. Each sales order should be approved by authorized personnel.
C. Sales journal entries should be reconciled to daily sales summaries.
D. Each sales invoice should be supported by a shipping document. Answer - A.
Each shipment should be supported by a prenumbered sales invoice that is
accounted for.
The size of a sample designed for dual-purpose testing should be
A. The larger of the samples that would otherwise have been designed for the
two separate purposes.
, B. The smaller of the samples that would otherwise have been designed for the
two separate purposes.
C. The combined total of the samples that would otherwise have been
designed for the two separate purposes.
D. More than the larger of the samples that would otherwise have been
designed for the two separate purposes, but less than the combined total of
the samples that would otherwise have been designed for the two separate
purposes. Answer - A. The larger of the samples that would otherwise have
been designed for the two separate purposes.
An auditor, who, before the completion of the engagement, is requested to
change the engagement to one which provides a lower level of assurance,
should consider the appropriateness of doing so. If the auditor concludes that
there is reasonable justification to change the engagement and if the audit
work performed complies with the PSAs applicable to the changed
engagement, the report issued would be that appropriate for the revised terms
of engagement and would include reference to:
I. The original engagement.
II. Any procedures that may have been performed in the original engagement.
A. I only.
B. II only.
C. Both I and II.
D. Neither I nor II. Answer - D. Neither I nor II.
An entity installed antivirus software on all its personal computers. The
software was designed to prevent initial infections, stop replication attempts,
detect infections after their occurrence, mark affected system components,
and remove viruses from infected components. The major risk in relying on
antivirus software is that it may
2025/26 ACTUAL | 141
QUESTIONS | WITH
COMPLETE
SOLUTIONS.
AACA
Evatee 11/10/25 AACA
,AACA - FINAL EXAM 2025/26 ACTUAL | 141
QUESTIONS | WITH COMPLETE SOLUTIONS.
Which of the following procedures would an auditor most likely perform to test
controls relating to management's assertion about the completeness of cash
receipts for cash sales at a retail outlet?
A. Observe the consistency of the employees' use of cash registers and tapes.
B. Inquire about employees' access to recorded but undeposited cash.
C. Trace deposits in the cash receipts journal to the cash balance in the general
ledger.
D. Compare the cash balance in the general ledger with the bank confirmation
request. Answer - A. Observe the consistency of the employees' use of cash
registers and tapes.
To provide assurance that each voucher is submitted and paid only once, an
auditor most likely would examine a sample of paid vouchers and determine
whether each voucher is
A. supported by a vendor's invoice.
B. stamped "paid" by the check signer.
,C. prenumbered and accounted for.
D. approved for authorized purchases. Answer - B. stamped "paid" by the
check signer.
The auditor looks for an indication on duplicate sales invoices to see if the
invoices have been verified. This is an example of
A. a test of details of balances.
B. a test of control.
C. a substantive test of transactions.
D. both a test of control and a substantive test of transactions Answer - B. a
test of control.
Which of the following controls may prevent the failure to bill customers for
some shipments?
A. Each shipment should be supported by a prenumbered sales invoice that is
accounted for.
B. Each sales order should be approved by authorized personnel.
C. Sales journal entries should be reconciled to daily sales summaries.
D. Each sales invoice should be supported by a shipping document. Answer - A.
Each shipment should be supported by a prenumbered sales invoice that is
accounted for.
The size of a sample designed for dual-purpose testing should be
A. The larger of the samples that would otherwise have been designed for the
two separate purposes.
, B. The smaller of the samples that would otherwise have been designed for the
two separate purposes.
C. The combined total of the samples that would otherwise have been
designed for the two separate purposes.
D. More than the larger of the samples that would otherwise have been
designed for the two separate purposes, but less than the combined total of
the samples that would otherwise have been designed for the two separate
purposes. Answer - A. The larger of the samples that would otherwise have
been designed for the two separate purposes.
An auditor, who, before the completion of the engagement, is requested to
change the engagement to one which provides a lower level of assurance,
should consider the appropriateness of doing so. If the auditor concludes that
there is reasonable justification to change the engagement and if the audit
work performed complies with the PSAs applicable to the changed
engagement, the report issued would be that appropriate for the revised terms
of engagement and would include reference to:
I. The original engagement.
II. Any procedures that may have been performed in the original engagement.
A. I only.
B. II only.
C. Both I and II.
D. Neither I nor II. Answer - D. Neither I nor II.
An entity installed antivirus software on all its personal computers. The
software was designed to prevent initial infections, stop replication attempts,
detect infections after their occurrence, mark affected system components,
and remove viruses from infected components. The major risk in relying on
antivirus software is that it may
