1) Below is a list of events that occur throughout an audit examination. Indicate, using the correct letter, the time period during which these events are most likely to occur. An event may occur in more than one time period.

A. Prior to the date of the financial statements.

B. Between the date of the financial statements and the date of the auditors' report.

C. Between the date of the auditors' report and the audit report release date.

D. After the audit report release date.

1 Determining materiality thresholds

2 Execution of an engagement letter.

3 Issuance of a management letter.

4 Subsequent events.

2)nd question

The test of controls for purchases, cash disbursements, and accounts payable include the following audit procedures. Next to each of the procedures, indicate the related transaction assertion.

1 Vouch purchase entries around year end to receiving reports, noting dates on each.

2 Sample debits to accounts payable other than payments and vouch to shipping documents noting authorization for returns.

3 Review purchase commitments and determine if related notes are appropriate.

4 Review a sample of purchase orders to determine if purchases were for business- related items.

Choose the answer for above 4 question from this 7 option

( 1. completeness; 2. occurrence; 3. accuracy; 4. completeness; 5. occurrence;

6. classification; 7. accuracy )