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True or False: 7. Errors are unintentional mistakes. 8. For todays audits bankers are the principal users. 9. Fraud is an intentional act that cause

True or False:

7. Errors are unintentional mistakes.

8. For todays audits bankers are the principal users.

9. Fraud is an intentional act that cause misstatement of financial information.

10. Independence of the CPA includes appearance and form.

11. Independence of the CPA will be maximized when he reports to the CFO.

12. Last century auditor asses Internal Controls.

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