Q1. Your audit team is performing audit procedures related to a client's revenue for the month of April 2019. The visualization titled "Gap Detection - All Invoices" presents the client's master sequence of invoices with "null" indicating a missing invoice. The visualization titled "Gap Detection - Missing Invoices" presents the same data, but only the invoices that are missing ("null"). Beginning invoice number on April 1st, 2019 is #2816, and ending invoice number, April 26th, 2019 is #7845.

1. If the population of invoices shown is for the month of April, do you think that the client has a problem that the auditor should worry about?

a. Yes, the completeness of revenue

b. Yes, the occurrence of revenue

c. No, we have sufficient appropriate audit evidence over the occurrence of revenue.

d. No, we have sufficient appropriate audit evidence over the completeness of revenue.

Q2. Your client is a manufacturer of women's clothing. The company manufacturers everything from shorts and t-shirts to professional and formal attire for women. The visualization titled "Number of Units Sold v. Inventory Total Dollar Value January 2017" presents the client's invoice data for January 2017. The client sells to a variety of customers including department stores, online retailers, and smaller boutiques. These data are part of your preliminary analytical procedures.

1. What is the relationship between number of units sold and inventory price, on average?

a. No relationship.

b. Positive linear relationship.

c. Positive quadratic relationship.

d. Negative linear relationship.

Q3. Your client is a toy retailer in the United States. All toys sold in the United States must meet the safety standards developed by ASTM International. The U. S. Consumer Product Safety Commission (CPSC) enforces those standards. The visualization titled "Product Recalls of Toys in 2018" presents hypothetical product recalls for toy manufacturers for 2018.

1. In assessing the risk related to toy recalls, the auditor should:

a. discuss with management the allowance for warranties and net realizable value of inventory.

b. contact the federal government for data on recalls.

c. contact competitors to see how they deal with recalls.

d. contact another accounting firm with experience in the toy industry and seek advice.

Q4. This visualization presents invoice data for a client for January 2017.

This data is part of your preliminary analytical procedures.