1. Selecting a sample of notes payable transactions and vouching payments to cancel checks is a test of the SAS be balanced assertion of
a. accuracy
b. completeness
c. existence
d. presentation

2. Related party transactions
a. must be valued as if they were arm's length
b. must be assumed to be valued differently than if they were arm's length
c. must be disclosed in the financial statements
d. must be disclosed in the financial statements and the auditor's report