1.Confirming a bank account establishes existence and rights to the cash balance

True

False

2.Firewall and anti-virus are examples of a good corrective control

True

False

3.Amortization and depreciation are non-routine entries created by the independent auditors

True

False

4.Poor segregation of duties can most likely lead to

Understatement of assets

Will not have any impact on the financial statements

Overstatement of assets

Overstatement of expenses

5.AICPA terms all of them as specialist, except

Internal auditors

Engineers

Appraisers

Geologist