Answer the following statements true (T) or false (F)
1. There are two kinds of audit programs: (1) balance-audit programs and (2) cycle-audit
programs.
2. The auditor is the legal owner of the working papers related to an auditee's financial
statements.
3. Destroying working papers may prevent auditors from proving due care if they are sued
for negligence.
4. Permanent audit files contain such documents as the engagement letter, client
organization chart, and internal control system flowcharts.
1. FALSE
2. TRUE
3. FALSE
4. FALSE
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The regulated utility is building into the cost base an amount for an assumed rate of return on equity funds by increasing the balance sheet account (Construction Work in Progress) for an assumed rate of return on equity funds
Indicate whether the statement is true or false
Which of the following factors is not part of the identification of the moral problem?
a. A clear statement of what the moral problem is b. The identification of those affected by the problem c. The morality of individual employees d. The moral issues of the problem reflection
Which of the following is an abstract word?
A) letter B) memorandum C) email D) report E) communication
Companies can pay more to men than women for the same job based on ________
a) education b) experience c) skill d) b & c e) all