kiting is an intentional fraud scheme involving what financial statement account?

A. A/R

B. Legal expense

C. Notes Payable (debt)

D. Cash

What audit tests indicate actual misstatements in the financial statements?

A. Tests of Details Only

B. Tests of Controls Only

C. Substantive Tests of Transactions Only

D. Both Tests of Controls and Substantive Test of Transactions

E. Both Substantive Tests of Transactions and Tests of Details

Which of the following A/R assertions is most difficult to test using tests of details?

A. Completeness

B. Valuation

C. Cutoff

D. Existence

E. Accuracy