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1.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. *

1.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

2.Inspection of records and documents requires sampling. *

True False

3.Auditing standards permit both statistical and no statistical methods of audit sampling. *

True False

4.The purchase of a new manufacturing facility was completed without any approval. The company then violated the authorization assertion. *

True False

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