If the auditor is performing substantive procedure to determine whether the long-lived asset balance is reflected on the balance sheet in the noncurrent section, which of the following assertions is being tested?
a. Existence.
b. Completeness.
c. Presentation and Disclosure.
d. Rights and Obligations.
c
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Electronic authorization privileges for cash transactions may be best assigned to individuals based on which of the following?
a. Roles and activities falling within appropriate segregation of duties. b. Identification cards with picture identification. c. Encrypted passwords memorized by employees. d. The principle of "absolute knowledge".
When it comes to determining the strength of a statistically significant correlation coefficient, there are rules of thumb. For example, .81 to 1.00 is considered "weak."
Indicate whether the statement is true or false
Among the following options, select the best course of action for Cynthia to take.
Cynthia has been conducting a summative evaluation that investigated six dimensions. She completed all data collections as planned, except for the last dimension for which she was going to use three data sources. For the last dimension, it turned out to be that: ? The survey return rate was 3%. ? One volunteered to participate in an interview when she planned to do 10 interviews. ? The client could not locate the extant data that was going to be analyzed. a. Synthesize all dimensional results as planned, including this dimension. b. Change it to a formative evaluation and also include recommendations based on this dimension’s results. c. Report this dimension’s results with available data, but exclude this dimension from the synthesis process. d. Do not mention this dimension in the report; it is sufficient to synthesize other five dimensions.
When seeking a desired after tax profit, the desired pretax profit is divided by the effective tax rate
Indicate whether the statement is true or false