1.In the context of financial statement auditing, fraud is defined as an intentional misstatement of a material fact regarding balances, transactions or presentation of the financial statements. *

True False 2.Requesting a statement from a major customer as to its agreement or disagreement with a year-end receivable balance is an example of analytical procedure. *

True False

3.Tolerable deviation rate has a direct relationship with sample size. *

True False

4.The risk of incorrect acceptance is related to the effectiveness of testing. *

True False