The statement of cash flows does not report the

A) sources of cash in the current period.
B) uses of cash in the current period.
C) amount of checks outstanding at the end of the period.
D) change in the cash balance for the current period.


C

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Which of the following statements included in management's assessment of the effectiveness of internal control over financial reporting would not cause the auditor to disclaim an opinion?

A. The entity plans to implement new controls. B. Management believes the cost of correcting a material weakness would exceed the benefits derived from implementing the new controls. C. Disclosure of material weaknesses corrected during the period. D. Management includes disclosures about corrective actions taken by the entity after the date of management's assessment.

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Which sampling method is not based on fairness, equity or equal chance?

A) non-equity sampling B) disproportionate sampling C) unfair sampling D) non-probability sampling E) simple samples

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Each national union has a __________________ that spells out the union's bylaws and procedures.

Fill in the blank(s) with the appropriate word(s).

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The indentures for publicly traded bonds are approved by:

A. the state government. B. the Securities and Exchange Commission. C. the federal government. D. the Public Company Accounting Oversight Board. E. the local government.

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