Ordinarily, an auditor would not use which of the following audit procedures to test aclien' share-based (stock options) compensation? a. Obtain and test the accuracy of schedule supporting the granting of share-based b. Perform analytical procedures to identify unusual fluctuations in compensation . Evaluate the work of the internal auditor to obtain evidence regarding fair value d. Test the design and operating effectiveness of controls relating to share-based compensation. awards. well as related income/expense accounts measurements expense as Chapter 17 Capital cyele- Tests of controls and tests of balances 10. When auditing a capital cycle, the auditor should obtain written confirmation regarding unsecured bonds transactions from the a. debenture holders. b. debenture trustee. c. independent stock transfer agent. d. independent stock registrar. 11. During an audit of a client's capital cyele, the auditor checks whether preferred stock and bonds are adequately backed by sinking funds. This procedure most likely is designed to achieve the specific audit objective of a. existence. b. completeness. c. valuation and allocation. d. understandability. Chapter 18 General cash and investments- Tests of controls and tests of balances 12. An auditor traces deposits in transit from the client's bank reconciliation to a cutoff banl statement from the client's bank. Which of the following combination of specific audit objectives is this audit procedure aims to achieve? Occurrence Completeness Accuracy Cutoff yes no no no no yes no no no no no no no yes no IV es a. I and IV. b. II and IV. c. II and III. d. III and IV