True False
8. Audit documentation serves as support for the financial statements.( Points: 4)
True False
9. In analysis of the results of audit sampling, an auditor may determine that the sample size must be increased.( Points: 4)
True False
10. The revenue cycle considered by auditors includes the sales process but not collections.( Points: 4)
True False
11. Inventory is complex and typically considered a high-risk area in audits of service firms.( Points: 4)
True False