Question 8 (1 point) Denise Horowitz, CPA, has reviewed the sales invoicing transactions for the year, and recognized that the account contains a few unusually large items. If Denise wants to statistically sample sales for occurrence, her best course of action is to: stratify the sales invoice population so that the large items may be reviewed separately. eliminate any large items from the population that the sample will be drawn from. increase the sample size to lessen the effect of sample risk. expand the sample until no unusually large items are selected. Question 9 (1 point) One of the key concepts in designing internal controls over a company's assets is segregation of incompatible control functions. Which of the following is not a control function that should be performed by different employees? Authorization for the purchase of assets Custody of assets Recording of asset purchases Existence of assets Question 10 (1 point) Client procedures include periodic evaluations of internal control and determining the extent to which client personnel obtain evidence as to whether the system of internal controls continues to function effectively. These activities are part of compliance testing of internal controls. application of internal controls. monitoring of controls. walk through testing of internal controls. Question 11 (1 point) As part of the audit of the sales cycle, the auditor has selected a sample of sales transactions and examined invoice copies to determine whether it was approved for credit by the credit manager. Which of the following would be identified as the exception? The sale remains outstanding and is uncollectible after 120 days The absence of a credit authorization credit authorization for a sale in excess of credit limit credit authorization for a sale when the outstanding balance is below the credit limit Question 12 The internal control objective of 'classification' means there are controls in place to ensure that: transactions are charged and allocated to the correct general ledger account. fictitious or duplicate transactions are not included in the books of an organization. transactions are recorded in the correct accounting period. correct amounts are assigned to transactions. Question 13 (1 point) Xin Yu is an auditor with KPNG, a public accounting firm. She has performed a review of certain application controls at a clothing manufacturing client. Which one of these controls is an input control? Orders are printed on a secure printer where access is limited. Reconciliation of totals where input totals are compared to the output totals. Regular updates of virus protection software, Software prevents sale of inventory that is not in stock. Could you please help me answer these multiple choice questions?