19. Which of the following statements about assertions is true?

	A.	All assertions are equally important for all accounts
	B.	The importance of an assertion depends upon the account
	C.	Assertions are not related to accounts
	D.	None of the above

20. Which of the following is not a question an auditor considers in deciding whether to pursue a lower control risk approach prior to substantive testing?

	A.	Is the design of the control effective?
	B.	Are controls operating effectively?
	C.	Is it cost effective to test controls?
	D.	Does the control promote operational efficiency?

21. Which of the following factors affect the substantive procedures performed in an audit?

	A.	The subjectivity of accounting process
	B.	Size of the account
	C.	Effectiveness of the relevant controls
	D.	All of the above affect the substantive procedure that are performed

22. Appropriateness of evidence is a measure of which of the following?

	A.	Sufficiency of evidence
	B.	Meaning of evidence
	C.	Quality of evidence
	D.	Quantity of evidence

23. Which one of the following would be considered the most reliable type of audit evidence?

	A.	Purchase orders from vendors
	B.	Computerized general ledger
	C.	Confirmations from banks
	D.	Customer accounts receivable files