9.An auditor is doing some reconciliation of subsidiary accounts with control accounts. Which of the broad classes of control activities defined by COSO does the auditors activity belong to?

Select one:

a. Accounting records

b. Transaction authorization

c. Segregation of duties

d. Independent verification

10.During audit process, the companys management affirms that all transactions in the income statement actually happened. What kind of assertion is this?

Select one:

a. Valuation

b. Occurrence

c. Completeness

d. Rights and obligations

11.An information system that is accessed online by users from different parts of the world provides interfaces in one language. This may be considered an ethical issues related to:

Select one:

a. Ownership of property

b. Security

c. Equity in access

d. Privacy

12.All the following steps are related to Transaction Processing System (TPS) except:

Select one:

a. Journalize and post the closing entries

b. Capture the transaction

c. Post to the subsidiary ledger

d. Record transaction in special journal