1.Why is appropriateness important for audit evidence? What qualities must evidence have to be considered appropriate? (5)

2.Distinguish among routine, non-routine, and estimation transactions. Include an example of each. (5 Points

3.Financial statements contain a number of assertions about account balances, classes of transactions, and disclosures.

a. Identify who makes these assertions.

b. List and describe each of the assertions regarding each financial statement component (Feel free to use the combined assertions by the PCAOB). (10 Points)