Repairs and maintenance expense. Travel expense.
60. Operational audits of cash management seek to identify areas in which cash management may be improved to contribute to the overall profitability and effectiveness of the organization. The internal auditor would use which of the following procedures on an operational audit of cash?( Points: 4) determine the compliance of treasury activities with company policy review procedures for identifying and investing excess funds review procedures for handling cash receipts all of the above
61. Which represents the most significant risk associated with restructuring liabilities on the financial statements?( Points: 4) Future smoothing of income by releasing the reserves. Related party transactions that are not recorded at arms-length. Understatement of assets in the period of recording the liabilities. Payroll liabilities that are not disclosed in the notes.
62. All of the following are significant issues for consideration when auditing for the impairment of goodwill, except( Points: 4) timing of the assessment by management. amortization in years of the goodwill. clear objective evidence supporting the assessment. understanding the client ' s business and its risks.