Q7. Which of the following would an auditor least likely consider with respect to fair ue A. Segregation of duties between those committing the entity to certain transactions and those responsible for undertaking the valuations related to those transactions. B. The effect on fair value measurement and disclosures of information available subsequent to the audit. C. The role of information technology in determining fair value measurements and disclosures. D. Whether the valuation methods used are appropriate in relation to the industry in which the entity operates. Q8. An auditor vouched data for a sample of employees in a payroll register to approved clock card data to provide assurance that: A. Payments to employees are computed at authorized rates B. Employees work the number of hours for which they are paid. C. Segregation of duties exists between the preparation and distribution of the payroll. D. Internal controls relating to unclaimed payroll checks are operating effectively