A.Irrelevant to the completeness objective.

B.A more timely test of completeness than evidence from interviews.

C.Relevant to the completeness objective.

D.A more biased test of completeness than evidence from interviews.

A.Many department functions were duplicated or verified by other department employees as part of the department's normal procedures.

B.The department managed long-term investments, including investment in derivatives and other financial instruments, to maximize return.

C.Audit tests designed to verify compliance with control procedures detected a general failure to follow standard procedures for transaction authorization.

D.The department manager sets a tone of honesty and integrity in all business dealings and this tone is emulated by department personnel.

A.Limited to the effectiveness of internal controls.

B.Expressed only when consensus with top management has been achieved.

C.Based on experience and free of all bias.

D.Based on sufficient factual evidence.

A.Appropriateness.

B.Effective deployment.

C.Cost effectiveness.

D.Sufficiency.

A.Checks are not restrictively endorsed when received.

B.Only one signature is required on the organization's checks.

C.One employee handles both accounts receivable and purchase orders.

D.One employee handles both cash deposits and accounts payable.