16 . Auditors will perform an analysis of leases using SFAS 13 criteria and other EITF statements to substantiate the accounting treatment . ( Points : 4 )
True False
17 . Contingencies are considered by the auditor in relation to the SFAS No . 5 criteria to determine whether material contingencies exist with the client and , if so , that they are properly accrued or disclosed . ( Points : 4 )
True False
18 . An example of a Type II Subsequent Event includes the settlement two months after year-end of a liability for an amount well in excess of the amount that was accrued at year-end . ( Points : 4 )
True False
19 . A report on agreed-upon procedures issued by accountants provides the lowest form of attestation assurance . ( Points : 4 )