28. Which statement is true?

a. Management is always reluctant to write down asset values.

b. Intangible assets do not require effective controls because they have low inherent risk.

c. Complex ownership structures may create challenges in the recording of assets.

d. The incomplete recording of asset disposals understates the asset balance.

29. Audit procedures should be proportional to which of the following?

a. Size of the client.

b. Size of the firm.

c. The assessed risks.

d. The assessed misstatements