audit

33. A. Name ONE of the reasons (discussed in class) that cash is an easy target for thieves (1 point) AND B. describe a control management can put in place to prevent cash from being stolen. (2 points) because its lumility management can apply separation of duties, 34. A PART: An employee comparing amounts on printed checks with voucher packets prior to the ubmission of that check for authorizing signatures is an example of: (2 points) a) A test of details (b) A test of controls (c) An assertion (d) An Internal control activity B PART: What assertion is being addressed (or mitigated) by the above question #34 (A PARD? (1 point) tracing C PART is question #34 (A PART describing something related to cash receipts or cash disbursements? (1 point) D PART Question 134 (A PART belongs in which of the cycles we discussed? (1 point) Cash 35. True or False. At the very end of the audit a partner, that was involved with the audit, reviews the audit documentation for the quality of the work and reporting. (2 points) 36. True or False Management letters are not required under GAAS (2 points) 37. True or False Auditors are not required to perform additional tests to assess the possibility of a going-concern at the end of an audit. (2 points) 38. If the financial statements contain a material scope limitation that is pervasive, what type of opinion should the auditor express? (2 points) (a) Unqualified opinion with an others matter paragraph (6) A qualified opinion (An adverse opinion (d) A disclaimer of opinion 39. True on false for public entities the financial statements must be filed using a 10-k form within 90- 120 days of the fiscal year end. (1 point)