72. In the verification of bank balances consequent to the conduct of an audit, the most accepted auditing procedure is to

a. Obtain independent certification from the bank

b. Inspect balanced pass books

c. Inspect bank statements

d. Visit the bank and examine their records

73. Working papers for an internal audit should include

a. Copies of all procedures which were reviewed during the audit

b. Copied of all source documents examined in the course of the audit

c. A complete flowchart of the system of internal controls for the area being reviewed

d. Documentation of the examination and evaluation of the adequacy and effectiveness of the system of internal control

74. In June you begin to review the years record for public works. Which of the following financial situation is an example of accrued revenue in those records

a. A sewer bill for June that has been paid by the taxpayer in June

b. A sewer bill for August that has been paid the taxpayer in advance

c. A sewer bill for August that has been mailed to the taxpayer and is due in August

d. A Sewer bill for June that has been mailed to the taxpayer but it not due until July