1.Auditors address obtaining evidence for presentation objectives and disclosure differently from how they approach obtaining evidence to objectives related to transactions and balances. a. true b. False

2.The auditor must communicate the significant deficiencies found in the work of field and material weaknesses in writing, generally said writing must issued to the audit committee and administration (management). a. true b. False

3.Which of the following is part of the procurement and payment cycle? a. cash disbursements b. debt payments c. money receipt d. Acquisition of capital assets e. None of the answers is correct

4.The account that coincides in several of the audit cycles is a. the account payable b. The account receivable c. depreciation account d. the cash account e. The income account

5.When auditors audit liability accounts, they are concerned a. balance sheet understatement b. balance sheet overstatements c. non-material errors d. Accounts payable fraud e. All the answers are correct

6.Which of the following is reliable evidence related to accounts payable? receive? a. Supplier invoices b. Seller Statements c. confirmations d. All the answers are correct e. None of the answers is correct

7. When auditors audit asset accounts, you are concerned a. balance sheet understatement b. balance sheet overstatements c. non-material errors d. Accounts payable fraud e. All the answers are correct

8. For the scope of the planned tests of the details of the balances of the accounts, auditors rely on a. materiality b. Fieldwork planning c. The risk d. screening tests e. All the answers are correct

9. The sample size for confirming accounts receivable is based on a. types of confirmation b. The risk of detection c. The inherent risk d. The materiality of performance e. All the answers are correct

10. The types of confirmations sent by the auditors can be confirmations positive and negative. a. true b. False