21. You ae gyo ooh tow &w mad yos the ong inRy e w A cone on see rge smple of ou u When e co kw e foous on teti...
21. You ae gyo ooh tow &w mad yos the ong inRy e w A cone on see rge smple of ou u When e co kw e foous on teting the Comsie d ce o dw y e y One aseton that audiing reweue i Conemars of o e o e rs wiro meion Review of the subseuet cnh oeorn is the g procedure tor detemining the oet Aun audtor should normaty eom ema the existence of accounts rece y et vi. when Evaluating the adequacy ot te alownce or the o 22. You are finalizing your acproach to mudting e & rs mailed you the following questions Repy try selecting the co assertion 4 w Ans: d Question baut Tests designed to delect credt saes made belore the end that have been recorded in the subequent year proide about the PCAOB asserion of Working from tve accounting reconds (ener Led supporting evidence (Involces, Billof Lading )d assertion for an asset account being audited te Audit testing staning from the onginel sourn documents to the ame ledger addresses the asserion of An auditors test of whether the allowance for bad det ee iv adequate and correctly calculated- most kely tes toing management's assertion of The confimation of a cash balance provides primary evidence regarding which management assertion v. 23: You are finalizing your approach to Fraud on the audt. Reply as to whether the folowing stamets wih er (A) or (B): Putither Ar WTe/)Fe Auditors must design tests to obtain absolute assurance that all non- material financial statement effects are detected Question Management fraud is characterized by victimization of investors through Te Fa the use of materially misleading financial statements. (WTrue/0) False Performing procedures such as inventory observation and cash counts on a surprise or unannounced basis is a good way to respond to fraud risk ()sending mail (communication), (automation (technology), and (a/True/) False iv. (i)counting cash (custody).-Are the best three functions to separate to avoid fraud