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1.The lack of approval for disbursement is an example of control risk. * True False 2.Sampling is needed when the auditor is observing the count

1.The lack of approval for disbursement is an example of control risk. *

True False

2.Sampling is needed when the auditor is observing the count of inventory. *

True False

3.The two main categories of fraud are fraudulent financial reporting and misappropriation of assets. *

True False

4.Asking for customer contacts to detect fictitious ones is an example of accuracy testing. *

True False

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