ACC 562 EDU Learn by Doing/acc562edu.com ACC 562 EDU Learn by Doing/acc562edu.com

ACC 562 Final Exam Guide FOR MORE CLASSES VISIT www.acc562edu.com 1.Developing an understanding of the client's business and industry is essential to proficiency as discussed in the general standards of GAAS. (Points: 4) True False 2. Ratio analysis only involves a year-to-year comparison of account balances. (Points: 4) True False 3. Control is considered to be part of corporate governance. (Points: 4) True False 4. When control risk is assessed at a maximum level, the auditor assumes that the internal controls are reliable in preventing or detecting material misstatements. (Points: 4) True