1. Employees who record cash transactions should create and review the bank reconciliations every month

a. true

b. false

2. An auditor observing the client personnel perform their quarterly inventory count us a test of detail

a. true

b. false

3. If an audit objective is "all inventory that should be included in the master file listening has been included:, then the auditor is testing the completeness assertions

a. true

b. false