1-The same three fraud triangle risk conditions apply to fraudulent financial reporting and misappropriation of assets. *

True

False

2-Asking if the company owns the entire inventory in warehouse is an example of testing the rights and obligations assertion. *

True

False

3-Audit sampling is commonly used to gather confirmation audit evidence. *

True

False

4-Examining large sales invoices for a period of two days before and after year-end is an example of inspection of records and documents. *

True

False

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

True

False