10) Which of the following misstatements is most likely to be found during an audit of a client's bank reconciliation? A. Duplicate payment of a supplier's invoice B. Billing a customer at a lower price than indicated by company policy C. Failure to record in the cashbook a BACS receipt from a customer D. Payment to an employee for more than the hours actually worked 11) Which department should be authorized to add and delete employees from the payroll or change pay rates and deductions? A. Payroll department B. Finance department Human resources department D Treasurer's department. 12) Which THREE of the following types of test are used by auditors to determine whether financial statements are fairly stated? 1. Risk assessment procedures 2. Tests of control:s Tests of transactions L4. Substantive analytical procedures L5. Tests of details of balances. E. 1, 2, and 3 3,4, and 5 G. 2, 3, and 5 H. 2, 3, and 4 13) Financial statement manipulation risk is arguably present for all companies' financial statements. Under which of the following circumstances is that risk higher? A. If the company is heavily regulated B. If the company has low amounts of debt C. If the company has to make significant judgments for accounting estimates D. If the company operates in stable economic environments