ExamGecko
Login
Home / ABA / CTFA / List of questions
Ask Question

ABA CTFA Practice Test - Questions Answers, Page 49

List of questions

Question 481

Report Export Collapse

The operating ratio is the combined ratio less than the ratio of investment income, to earned premiums.

Become a Premium Member for full access
  Unlock Premium Member

Question 482

Report Export Collapse

The auditor should obtain a sufficient understanding by performing risk assessment procedures to:

Become a Premium Member for full access
  Unlock Premium Member

Question 483

Report Export Collapse

A process designed to provide reasonable assurance about the achievement of the entity's objectives with regard to reliability of financial reporting, effectiveness and efficiency of operations is called:

Become a Premium Member for full access
  Unlock Premium Member

Question 484

Report Export Collapse

Which of the following is NOT the interrelated component of internal control?

Become a Premium Member for full access
  Unlock Premium Member

Question 485

Report Export Collapse

Which control includes the procedures for system design, including the acquisition of software packages, should encourage active participation by the accounting department and internal auditors?

Become a Premium Member for full access
  Unlock Premium Member

Question 486

Report Export Collapse

Final approval should be obtained prior to placing a new system into operation is the activity that can be fall into which control?

Become a Premium Member for full access
  Unlock Premium Member

Question 487

Report Export Collapse

An attitude that includes a questioning mind and a critical assessment of audit evidence is called:

Become a Premium Member for full access
  Unlock Premium Member

Question 488

Report Export Collapse

Which are the types of misstatements relevant to the auditor's consideration of fraud in a financial statement audit?

Become a Premium Member for full access
  Unlock Premium Member

Question 489

Report Export Collapse

Which of the following may Not involve a high degree of management judgment and subjectivity and may present risks of material misstatement due to fraud?

Become a Premium Member for full access
  Unlock Premium Member

Question 490

Report Export Collapse

An estimate due to time lags in the receipt of reports from cendants is called reinsurance.

Become a Premium Member for full access
  Unlock Premium Member
Total 895 questions
Go to page: of 90
Open VPLUS File
Convert VPLUS to PDF

Related questions

A tax structure in which the larger the amount of taxable income, the higher the rate at which it is taxed is:
Gross income essentially includes any and all income subject to federal taxes. Here are some common forms of gross income Except:
___________ is a type of insurance that protects funds on deposit against failure of the institution; can be insured by the FDIC and the NCUA.
The difference between the purchase price and the repurchase price, or sale price, plus accrued interest on the security represents:
Taxable income is:
Average severities projection method uses various claim count and average cost per claim date on either a paid or insured basis.
All of the following are investment alternatives, Except:
In negotiating car prices, choosing among various makes, models, and options can make comparison difficult. You can check one of the popular price guides to research used car prices. What is that guide?
The __________ decision involves determining the appropriate make-up of the righthand side of the balance sheet.
Which of the following tests is used to test the weak form of market efficiency?