316. Distinguish between the type of data contained in auditors permanent files compared to current files.

215.Test controls should be performed whenever the auditor identifies material weakness in the clients system of internal control.

a.True

b.False

217.An audit procedure commonly used to test controls is the physical examination of tangible assets performed by the auditor.

a.True

b.False

32.When auditing payroll, auditors typically emphasize test of details of balances.

a.True

b.False

310.From an audit perspective, transactions are far more significant than rated balance sheet accounts in the payroll and personnel cycle.

a.True

b.False

315.Analytical procedures and tests of details of balances are the most important means of auditing the payroll and personnel cycle.

a.True

b.False