As part of the risk assessment process, the auditor will consider whether any of the identified risks of material misstatement found during the audit of the inventory and warehousing cycle are considered a significant risk.

Group of answer choices

True

False

Audit schedules for most of the accounts in the capital acquisition and repayment cycle include the beginning balance, a list of transactions that occurred in the account, and the ending balance.

Group of answer choices

True

False

A substantive analytical procedure is an effective procedure to audit cash and cash equivalents

Group of answer choices

True

False