If the balance sheet of a private company is dated December 31, 2011, the audit report is dated February 8, 2012, and both are released on February 15, 2012, this indicates that the auditor has searched for subsequent events that occurred up to: A) February 8, 2012. C) February 15, 2012. B) December 31, 2011. D) January 1, 2012. Confirmation of accounts receivable balances normally provides evidence concerning the: A) completeness of the balances. B) valuation of the balances. C) existence of the balances. D) rights of the balances. If an auditor judgmentally selects a sample of one hundred items from a population and finds two exceptions, the auditor: A) can conclude that the population exception rate is 2%. B) can conclude that the sample exception rate is 2%. C) cannot make any conclusions about either the sample or the population. D) can calculate the highest exception rate expected in the population