Which statement is not true?
a. Auditors must maintain independence.
b. IT auditors attest to the integrity of the computer system.
c. IT auditing is independent of the general financial audit.
d. IT auditing can be performed by both external and internal auditors.
C
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Answer the following statements true (T) or false (F)
1. Entrepreneurs typically have a much higher need for achievement and a stronger belief in personal control of destiny than do typical managers. 2. Opportunity entrepreneurs are those who start their own business out of a burning desire rather than because they lost a job. 3. Researcher Robert Katz determined that through education and experience managers acquire technical, conceptual, and human skills. 4. Having required technical skills is most important among top managers at the highest leadership levels.
In preparing a bank reconciliation, the amount indicated by a credit memo for a note receivable collected by the bank is added to the balance per company's records
Indicate whether the statement is true or false
An unfavorable variance is recorded with a debit because it reflects additional costs higher than the standard cost.
Answer the following statement true (T) or false (F)
Painted bulletins are very costly, but some advertisers overcome this expense by
A. using three-dimensional displays that break through clutter. B. moving them to different choice locations every two to three months. C. repainting and modifying the display every 30 days. D. co-opting the costs with plant operators. E. using a mobile outdoor structure.