29) 29) All voided and spoiled payroll checks are properly mutilated and retained A) Adequate documents and records/accuracy B) Adequate documents and records/timing C) Adequate documents and records/completeness D) Adequate documents and records/occurrence 30) 30) All checks and notices of electronic payments not distributed are returned to the treasurer for safekeeping and follow-up B) separation of duties/completeness A) Physical control over assets/occurrence C) Physical control over assets/completeness D) separation of duties/timing 31) 31) Shown below (1 through 5) are the five types of tests which auditors use to determine whether financial statements are fairly stated. Which three are substantive tests? 1. risk assessment procedures 2. tests of controls 3. substantive tests of transactions 4. substantive analytical procedures 5. tests of details of balances D) 2,3, and 4 C) 3, 4, and5 B)1.2, and 3 A) 2,3, and 5 32 32) The purpose of tests of controls is to provide reasonable assurance that the A) entity has complied with GAAP disclosure requirements B) entity has complied with requirements of quality control. C) accounting treatment of transactions and balances is valid and proper. D) internal control procedures are functioning as intended