T/F for the following

QUESTION 11 The previous external auditor of Samson and Co. (Samson) noted in the five years of auditing Samson that the company had a history of complying with investment laws. The assessment by the previous company is an indicator of a fraud risk factor. O True O False QUESTION 12 Users of financial statements usually rely on external auditors, the preparers of financial statements, to provide unbiased financial results of the company. O True O False QUESTION 13 In the risk assessment phase of the audit opinion formulation process, the external performs appropriate test of controls. O True O False QUESTION 14 The external auditor is not required to approach the entire audit process with professional skepticism. O True O False QUESTION 15 Advances in technology has made it possible for auditors to analyze an entire population of transaction data. O True O FalseQUESTION 16 Under the valuation assertion, all required transactions and accounts are included in the financial statements. O True O False QUESTION 17 The underlying data used in evaluating an account needs to be both relevant and reliable. O True O False QUESTION 18 In trying to understand the internal controls of Raymond & Jay, the external auditor performed walkthroughs and also made inquiries. The walkthroughs and inquiries are considered appropriate approach by the external auditor. O True O False QUESTION 19 Sufficient controls incorporated into computer processing is an example of a weakness in operation of controls. O True O False QUESTION 20 Attribute sampling is appropriate for account balance testing. O True O False