7 28) Which of the following accounts would most likely be audited in connection with a J related balance-sheet account? a) Payroll Expense b) Research and Development Property Tax Expense d) Legal Expense 29) Write-offs of doubtful accounts should be approved by a) The CEO b) The credit manager c) The treasurer d) The cashier 30) IDEA software is a type of CAAT. CAAT stands for: a) Computer Assisted Assurance Techniques b Computer Assisted Auditing Techniques c) Computer Auditing Assurance Techniques d) Computer Accounting Assurance Techniques 31) In a test of controls, auditors may trace receiving reports to vouchers recorded in the voucher register. This is a test for a) Occurrence b Completeness c) Classification d) Cutoff acceptable prior to the counts are more 32) From the auditor's point of view, inventory end when a) Accurate perpetual inventory records are maintained b) Internal control is weak c) Inventory is slow moving d) Significant amounts of inventory are held on consignment 33) An auditor most likely would analyze inventory turnover rates to obtain evidence concerning management's balance sheet assertions about a) Existence b) Rights and Obligations c) Completeness d) Valuation and Allocation 34) An audit team would most likely verify the interest earned on bond investments a) Vouching the receipt and deposit of interest charges b) Confirming the bond interest rate with the issuer of the bonds Recalculating the interest earned on the basis of face amount, interest rate, held. Testing internal controls relevant to cash receipts