34 Reviewing the board of director minutes to identify p a. Presentation and Disclosure b. Existence C. Valuation d. Rights and Obligations QUESTION 35 Which of the following explanations best describes the purpose of lapping a. A procedure used by the auditor to obtain evidence when a positive confirmation s b. A technique used by client personnel to cover up the embezzlement of cath C. an approach used by client personnel to eliminate differences between a stomer's mos d. An agreement containing contract terms that are not part of a formal sales contract QUESTION 36 After identifying the risks of material misstatement, the auditor develops an audit plan is respo believes that control risk is high? a. The auditor plans to obtain 40% of the necessary audit evidence from test of controls nd m b. The auditor plans to obtain the majority of the necessary audit evidence from tests of conte C. The only evidence the auditor plans to obtain is tests of details d. The auditor plans to obtain 100% of the necessary audit evidence from substantive an Click Save All Answers to save all answers