10. 11. 12. 22 Tests of details of transactions generally use evidence from: a. documents obtained directly from external sources. b. direct observation on the part of the auditor. c. inquiry directed to top management personnel. d. documents found in the client's files. e. the body of the client rep letter. Confirmation and direct knowledge by the auditor are most associated with: a. analytical procedures. b. tests of controls. c. tests of details of balances. d. tests of details of transactions. e. tests of compliance. The rights and obligations assertion applies to: a. current liability items only. b. revenue and expense items only. c. both income statement and balance sheet items. 13. d. assets that are not owned by the company. e. balance sheet items only. I When substantive tests are performed before the balance sheet date, at a minimum the auditor should, at or after the balance sheet date: a. obtain a letter from management stating that no significant changes occurred in the account balances between the two dates. b. perform analytical procedures, including comparison of the account balances at the two dates. c. reconfirm all balances that were confirmed at interim. d. confirm all balances that were not confirmed at interim. e. perform tests of reasonableness on all balances that were not confirmed at interim