Question 1 Which of the following sample results indicates that the population is fairly stated? OLCL UCL M M o 0 LCL UCL M 0 0 LCL UCL M LCL UCU M Which flowchart segment is correct? . V 7, A client has suffered a billing system failure near year-end. Al material amount of invoices were not prepared or posted until after year-end. REV=Sales revenue, AR=Accounts receivable,COS-Cost of sales and INV=Inventory. How will the following ratios appear to behave if the unrecorded amount is material? REVIAR COS/REV COS/INVI Lower Higher Steady a. Lower Lower Lower b. Lower Lower Higher C. d. Higher Higher Steady Which of the following is NOT a consistent application of the audit risk model? VL-very low, Lelow, M-moderate, H-high) AR RMM DR o M M H L L H L HL o VL M H