Question 20 1.67 pts Which two organizations have discussed coming together to form a single set of global standards at some point in the future? The PCAOB and the EIFT O The IASB and the GASB The EDGAR and the EIFT The IASB and the FASB 1.67 pts Question 21 Well-designed internal control systems should reduce the risk of material misstatements in a company's financial statements. O True O False > Question 22 The auditor's report should be addressed to the SEC. O True O False Question 23 1.67 pts What type of assurance do auditors provide that financial statements are fairly presented? Reasonable O Absolute O Perfect O Possible Question 24 1.67 pts Which of the following is a way an auditor might test a company's accounts receivable balance? Add individual account balances and deduct gross profit to ensure that they total to the balance sheet number. O Examine cash receipts to determine that unrecorded payments were not collected prior to the end of the year. O Use last year estimates to confirm the amount they owe. O Examine purchase invoices to match to the amounts the company says it owes