Which is NOT the reason that maintenance expenses should be examined?

a. Maintenance parts that are purchased should have the best quality

b. Potential kickbacks during purchase of maintenance parts

c. Maintenance expense can be significant for companies in certain industries

d. Capitalization of maintenance expense is often used for fraudulent financial reporting

Which of the following audit procedures does NOT address existence/occurrence for accounts receivables and sales

a. Confirm balances of unpaid invoices with customers

b. Examine the bills of lading that are associated with the recorded sales

c. Examine the subsequent cash receipts from the customer after period end

d. Going through the prenumbered bill of lading to examine whether any bills are missing