Because an audit in accordance with generally accepted auditing standards (GAAS)is influenced by the possibility ofmaterial misstatements, the auditor should plan the audit with an attitude of: (a) Objective judgment. (b) Professional responsiveness. (c) Professional skepticism (d) Conservative advocacy. 11. An auditor tests an entity's policy of obtaining credit approval before shipping goods to customers in support of management's financial statement assertion of: (a) Valuation or allocation (b) Completeness. (c) Rights and obligations. (d) Existence. 12. Cash receipts from sales on account have been misappropriated. Which of the following acts would conceal this defalcation and be least likely to be detected by an auditor? (a) Understating the sales journal. (b) Overstating the accounts receivable control account. (c) Understating the cash receipts journal. (d) Overstating the accounts receivable subsidiary ledger. 13. Which of the following procedures would an auditor most likely perform to test controls relating to management's assertion about the completeness of cash receipts for cash sales at a retail outlet? (a) (b) Trace the deposits in the cash receipts journal to the cash balance in 14. Inquire about employee's access to recorded but undeposited cash. the general ledger. Observe the consistency of the employee's use of cash registers and tapes. Compare the cash balance in the general ledger with the bank confirmation request. (c) (d) 15. Proper authorization of write offs of uncollectible accounts should be approved in which of the following departments? (a) Accounts receivable. (b) Credit. (c) Accounts payable. (d) Treasurer