25. In Monetary Unit Sampling/Dollar Unit Sampling, which of the following dollar amounts is most likely to be selected?

1. $125.44
2. $100.00
3. $50.00
4. $155.00

26 What of the following best describes the concepts of tracing and vouching?

1. Tracing starts at the source docs and ends at the financial statements, while vouching starts at the financial statements and ends at the source documents.
2. Vouching starts at the source docs and ends at the financial statements, while tracing starts at the financial statements and ends at the source documents.
3. Both tracing and vouching start at the source docs and end at the financial statements
4. Both tracing and vouching start at the financial statements and end at the source documents.

27. During the audit, the auditor could not obtain evidence with regard to the physical examination of inventory in an overseas warehouse (massive tsunami in southeast Asia where the warehouse is located). The firm determined this to be material but not pervasive. Assuming no other issues during the audit, what type of an opinion should be issued?

1. Disclaimer of Opinion
2. Qualified Opinion (due to audit issues)
3. Qualified Opinion (issue(s) with the financial statements, such as GAAP noncompliance)
4. Adverse Opinion

28. During an audit, the auditor found that the tolerable misstatement was exceeded for multiple balance sheet line items. The firm decided that this issue is both material and pervasive. What type of opinion should be issued?

1. Disclaimer of Opinion
2. Qualified Opinion (due to audit issues)
3. Qualified Opinion (issue(s) with the financial statements)
4. Adverse Opinion